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Another Perspective

Editor's Note: This week's guest columnist is Chris Martenson from Peak Prosperity, www.peakprosperity.com.

 

Here We Go (Again)

 

by Chris Martenson

 

One of the things I am fond of pointing out is that it seems like nobody in high finance or the central banks learned anything from the great crisis of 2008.  The very same excesses that created the prior crises are being committed again.

I know...maybe this time it will turn out differently.

Back in 2007, one of the things that signaled the top of the equity market, if one knew where to look, was the vast increase in share buybacks by corporations.  One possible reason for this (besides the fact that sometimes corporations have the worst sense of timing) is that late in the cycle, opportunities for good organic growth run out, and the seemingly best use of corporate money is to buy back the shares. 

Assuming the point is to drive up earnings per share, ... Log in or subscribe to continue reading.


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