Which reminds me of this...
Netflix versus Railroads:
The Idiocracy has no one to tell them that they went ALL IN at the worst time in human history.
Speaking of the lights coming on...
Corporate profits year-over-year:
Corporate profits year-over-year:
The finance alchemists are out of "ideas":
"...Share buybacks are now the preferred way to boost stock prices in the face of softening earnings...In the first quarter of 2015, companies in the S&P 500 index returned more money to shareholders than they earned."
"The last time that happened was in the fourth quarter of 2008""QE and near-zero interest rates...have made it more attractive to take on debt to help fund share repurchases...S&P 500 companies have spent about $2.41 trillion on buybacks over the course of the current bull market, according to S&P data, compared with a $2.37 trillion rise in the Fed’s balance sheet since the start of QE."
Share buybacks are a smoke screen to hide falling revenues. They shrink the balance sheet (cash/equity) to boost earnings per share. It's a one-time trick. They also increase debt/equity ratios, massively increasing balance sheet leverage. When corporations have monetized everyone and everything else, they monetize themselves as a last resort.
It's last call:
The Fed's Pet Rock (Yellen) is way behind the curve on her imaginary "wreckovery", considering that Etraders just ordered six Whiskey and Sevens at last call.
"Invest in the Imagined Reality Fund, where you can impress your friends with your fake wealth, while being bankrupted in broad daylight."
"Read the prospectus carefully before throwing all of your money away."
"Invest in the Imagined Reality Fund, where you can impress your friends with your fake wealth, while being bankrupted in broad daylight."
"Read the prospectus carefully before throwing all of your money away."
"There was literally no warning"
