Francine McKenna: Many Publicly Traded Companies Using Alternative Metrics to Avoid GAAP Reality… Keiser Report: Share Buybacks + Austerity = Economic Disaster

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Francine has uncovered or helped uncover many accounting frauds of publicly traded companies.

In this episode of the Keiser Report, Max and Stacy discuss the share buybacks failing to boost stock markets but succeeding in hollowing out wealth creation machine of capitalism. In the second half, Max interviews Ross Ashcroft of about the austerity policies in the UK which have inspired the UN human rights rapporteur to visit. They also discuss the Brexit plan without a plan.

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Talking Points:

• US equities, emerging markets, junk bonds and even carry trade took a dive to close this past week – an overt ‘risk off’ move
• Dollar’s climb slowly approaching 16-month highs, but conviction has not gained much fundamental traction
• Net speculative positioning has shown a remarkable swing for the likes of crude oil, the Australian and New Zealand Dollars

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