Dividends and Buybacks Now Larger than Total Reported Earnings for the Entire S&P 500

Buybacks alone represent 87% of the increase in S&P 500 market capitalization in the last five years

A Major Margin Debt Peak?

Margin debt is yet to truly resemble the excessive surges seen prior to the last two major market tops

“Our pensions were only about 60% of GDP in 1984. Now they’re 120% of GDP”

“We have a lot of debt, but debt has shifted from private to public, which is worse, because public debt doesn’t go away.”

Asian civilizations and their changing borders and rulers every single year up until 2019

The top 1% of households own over 40% of stocks

You don’t know what you don’t know

Roughly $4 trillion will mature in the current fiscal year alone

“You’ve got an irresistible force meeting an immovable object”

Nearly $119 billion of the $824 billion in government interest expenses were paid to overseas entities