Tepper notes China is lending money for stock buybacks with no-loss provisions, unprecedented for China.
“This is China. Alright? This is stock stock buybacks. Not only encouraging it, lending you money to do it.”
Tepper describes China lending money for stock buybacks with no downside risk for borrowers.
“Not only encouraging it, lending you money to do it. And they're giving money like health money where you can put money out and you have no losses if you wanna do it.”