DTube - Goldman Sachs: A Day Of Reckoning Is Upon Us - Record Stock Buybacks Cause Concern
One of our most recent video reports!
See the original article below:
Josh Sigurdson talks with author and economic analyst John Sneisen about some strange happenings at Goldman Sachs.
Goldman Sachs projects a record$650 Billion in stock buybacks! It's being called a day of reckoning.
Goldman's chief equity strategist David Kostin has now revised his previous forecast for the S&P corporate cash spending. He now believes 2018 corporate cash outlays will grow by 15% to $2.5 trillion!
$1.4 trillion (54% of the total) going toward growth while $1.2 trillion (46%) gets returned to shareholders.
This follows the recent $171 billion in YTD stock buyback announcement which is the most ever for this early in the year and double the ten year average of $77 billion.
Buybacks are set to increase by a incredible 23% from $527BN in 2017 to an all time high of $650BN! That is once again... a record.
This is not going to settle easily. There is pressure build up and it's becoming entirely unsustainable. The recent dip in the stock market clued in a lot of euphoric speculators. People are being shaken by the shoulders. We saw what happened in 1929 and we are seeing something incredibly similar today.
Of course the fundamentals are off the table due to the level of manipulation in the markets as well as the monetary system, so we cannot put a date on the inevitable crash but we do indeed know that it is coming and it's up to us to heed the warnings coming from every angle and protect ourselves. It's much better to over prepare than under prepare and that comes down to education and the action of the individual. Responsibility.
Will you take these warnings in stride? Or will you feel secure by being ahead of the game? That's up to you.
Stay tuned for more from WAM!
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There is no doubt that debt is rearing it's ugly head again as the destroyer of societies.
Any ideas on the ramifications for us here in Canada, Josh?
Party like it's 1929.
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