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: