“The Politics Of Fairness Have Created The Economics Of Hopelessness”

from Zero Hedge

Charles Biderman, founder of the research firm TrimTabs speaks up against monetary interventionism and spots a concerning development in the US stock market. In an excellent interview with Finanz und Wirthschaft’s Christoph Gisiger, Biderman explains that despite recent market action having dragged the S&P 500 back to near-record levels; something else is going on beneath the surface: US companies are announcing fewer stock buybacks. That’s a reason for concern since buybacks have been at the center of this bull market. The outspoken American is also concerned about the lack of growth in the United States and warns that in Europe and Japan negative interest rates could end up causing a disaster.

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