{"id":19078,"date":"2016-03-23T13:02:25","date_gmt":"2016-03-23T18:02:25","guid":{"rendered":"http:\/\/olduvai.ca\/?p=19078"},"modified":"2016-03-23T13:02:25","modified_gmt":"2016-03-23T18:02:25","slug":"alice-in-wonderland","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=19078","title":{"rendered":"Alice in Wonderland"},"content":{"rendered":"
\n

Alice in Wonderland\u00a0<\/a><\/h3>\n<\/div>\n
Everything Is Nonsense<\/strong><\/div>\n
\n

If I had a world of my own, everything would be nonsense. Nothing would be what it is, because everything would be what it isn\u2019t. And contrary wise, what is, it wouldn\u2019t be. And what it wouldn\u2019t be, it would. You see?<\/em><\/p>\n

\u2013 Alice\u2019s Adventures in Wonderland<\/p><\/blockquote>\n

\"Mad_Hatter_0011\"A public service message from the Mad Hatter \u2013 bad news is bad. Ominous, even. Hat help us all! \u00a0 \u00a0\u00a0Illustration credit:\u00a0Bob Kane<\/a><\/p>\n

BALTIMORE \u2013 The Dow rose the fifth week in a row last week, ending with a 120-point jump on Friday. This has put the index firmly in the black for 2016. Well, this is a showdown, isn\u2019t it?<\/p>\n

Either us\u2026 or the great mass of investors \u2013 one of us is wrong. In the weeks to come, we\u2019ll find out who (notice to new readers: It could go either way). But wait a minute\u2026<\/p>\n

Our old friend Rob Marstrand, who writes at\u00a0Of Wealth.com<\/a>, explains why the great mass of investors has little to do with it. Apparently, corporations have nothing better to do with their money than buy their own shares.<\/p>\n

\u201cThere\u2019s a dirty little secret in the U.S. stock market. Corporate America is paying out more cash to shareholders than it earns in profits. This means there\u2019s nothing left to invest in business growth. It also means debt levels are going up, increasing risk\u2026<\/em><\/p>\n

Analysis by Bloomberg shows that those companies are on track to spend $590 billion a year on buybacks in 2016, at the first-quarter rate. That would be even more than the last point of peak buybacks \u2013 at the previous market top in 2007, just before the last crash. Put simply, companies are spending record amounts of cash on buybacks at precisely the wrong time (as usual): when stocks are extremely expensive.\u201d<\/em><\/p><\/blockquote>\n

\"1-Buybacks<\/a><\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Alice in Wonderland\u00a0 Everything Is Nonsense If I had a world of my own, everything would be nonsense. Nothing would be what it is, because everything would be what it isn\u2019t. And contrary wise, what is, it wouldn\u2019t be. And what it wouldn\u2019t be, it would. You see? \u2013 Alice\u2019s Adventures in Wonderland A public […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[13064,6190,83,216,3054,2442],"class_list":["post-19078","post","type-post","status-publish","format-standard","hentry","category-economics","tag-alice-in-wonderland","tag-bill-bonner","tag-bloomberg","tag-dow","tag-stock-buybacks","tag-us-stock-market"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19078"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19078\/revisions"}],"predecessor-version":[{"id":19079,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/19078\/revisions\/19079"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}