The share buy backs show up very strongly as (negative) net equity issues: -363 billion dollars in 2005 and -602 billion in 2006. The increase in 'other' liabilities must be something else.
-----Original Message----- From: PEN-L list [mailto:[EMAIL PROTECTED] On Behalf Of Michael Perelman Sent: 18 June 2007 01:14 To: [email protected] Subject: Re: [PEN-L] US corporate assets How do these numbers fit your hypothesis? McDonald, Ian. 2006. .Big Companies Put Record Sums Into Buybacks.. Wall Street Journal (12 June): p. A 1. "In the year ended March 31, they [companies in the Standard & Poor.s 500-stock index] spent a record $367 billion on so-called stock buybacks, an amount so large it could cover this year's Medicare budget." -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com
