by FS
Excerpts from our recent FS Insider interview with the Boock Report’s Peter Boockvar. See Stock Buybacks Have Peaked, Says Peter Boockvar for audio or click here to subscribe.
Reliable global trade proxies like South Korean exports are at 2008-2009 lows showing the global trade/economic outlook is still quite shaky.
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Weakness in US manufacturing now filtering into services, with the latter making up around 80% of US GDP and employment.
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World’s second largest economy—China—now growing at slowest pace in nearly 30 years.
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Further cuts by Fed will have limited economic effects since long-term borrowing rates are already at record lows.
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Dollar likely in a topping process based on relative strength of other currencies and macro-outlook.
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- Creditism, MMT and America’s Trillion-Dollar Deficits
We’ve probably seen the peak in corporate buybacks for this economic cycle as companies are now focusing on their debt and leverage ratios, which are both at all-time record highs.
Total US Corporate Debt
US Corporate Debt / GDP
To hear this full interview see Stock Buybacks Have Peaked, Says Peter Boockvar for audio or click here to subscribe.