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Goldman's Buyback Desk Has Busiest Week Ever, But "It's Not Going To Be Enough"

Despite soaring costs of funds, it appears US corporations are spending their 'hard-earned' tax-reform cash on buybacks (just as was suggested). In fact, as Bloomberg reports, the Goldman  unit that executes share buybacks for clients just had its busiest week ever, but even that couldn’t keep stocks from flopping into a correction. Last week, the firm’s corporate-trading desk saw 4.
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