In this episode of the Keiser Report, Max and Stacy discuss the surge in share buybacks as corporations turn their Trump tax break into more income for shareholders now, meaning less investment in the future of the actual company.
In the second half, I join Max for a discussion about the credit cycles and a recent Bloomberg opinion piece arguing that ‘capitalism is not working.’ We also discuss 50 million empty homes in China and the alleged shortage of jobs in the US.
I come on at about the 12:30 mark.
https://www.youtube.com/watch?v=cvQe66gY4Oo
It’s always a fun time doing these videos with Max and Stacy.
Mike “Mish” Shedlock
So, what do the investors do with the buyback $
Hey Mish How come you didn’t ask Max how Bitcoin was working for him ? Jeez, you’ve been so outspoken on Bitcoin- How did you ignore his button for the whjole interview ? ( I bet Max said that was off-limits, right?)
Capitalism works, at least compared to its alternative models, but rampant corporate exploitation without practical controls is not capitalism.
Saw both Keiser episodes, good work. Always enjoy when their guest talks finance/economics rather than some obscure crypto startup they’ve founded.