Never Happened Before----89% Of Assets Yielded Negative Dollar Returns YTD

We’re in one of the longest economic expansion cycles in history and nobody’s happy. It’s mind blowing. You’d think 2018 would have people dancing in the streets. 3.7% unemployment, record stock market prices. Well the ladder until recently that is.

So let me rephrase: What happens if you have record buybacks, record dividends, and record earnings but 89% of assets yield a negative return in US dollar terms? No really that’s just what happened:

 

 

https://northmantrader.com/2018/11/06/mind-blowing/

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.