Faux Capitalism Is Not Working

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, Max continues his interview with Mish Shedlock of MishTalk.com about the credit cycle turning. They discuss the recent Bloomberg opinion piece arguing that ‘capitalism is not working.’ They also talk about 50 million empty homes in China and what that portends for the global economy.