“No one really wants to talk about it, but there is a humongous contradiction at the heart of the ongoing share buyback mania.” — Deutsche Bank on buybacks. The latest issue of Deutsche Bank’s Konzept magazine takes a look at share buybacks and the effect that they’re having on the financial system, questioning if companies really should be spending their hard earned cash buying back stock. Over 400 companies in the S&P 500 repurchased stock last year, spending a total of $575bn in the process. That is about 3% of the index’s market cap and is up 14% from 2013, nearly…
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