Showing posts with label Capex. Show all posts
Showing posts with label Capex. Show all posts
Sunday, July 7, 2019

7/7/19: Investment for growth is at record lows for S&P500

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Interesting chart via @DavidSchawel showing changes over time in corporate (S&P500 companies) distribution of earnings: In simple ...
Monday, March 4, 2019

4/3/19: S&P 500 Share Price Support Scams are a Raging Trend

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Having posted a record-breaking USD939 billion of shares repurchases in 2018, Corporate America is on track to set a new record-wrecking y...
Sunday, February 24, 2019

24/2/19: Buybacks vs Capex

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U.S. corporates spending or 'investing' over the last 10 years: CapEx ($6.4T), including often non-productive M&As Buyback...
Friday, April 28, 2017

28/4/17: Russian Economy Update, Part 4: Aggregate Investment

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The following is a transcript of my recent briefing on the Russian economy.  This part (Part 4) covers outlook  for aggregate investment ...
Friday, December 30, 2016

30/12/16: Corporate Debt Grows Faster than Cash Reserves

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Based on the data from FactSet, U.S. corporate performance metrics remain weak. On the positive side, corporate cash balances were up 7....
Tuesday, December 20, 2016

19/12/16: Why Investment-less Growth: Explaining Secular Stagnation in Investment

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One key component of the supply side secular stagnation is the notion that in recent years, corporate investment in the U.S. and other adv...
Tuesday, September 13, 2016

13/9/16: U.S. business investment slump: oil spoil?

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Credit Suisse The Financialist recently asked a very important question: How low can U.S. business investment go? The question is really a...
Saturday, June 11, 2016

11/6/16: Too Little CAPEX? Why, Even Investors are Catching Up

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Much has been written about the lagging capex cycle in the global economy and its impact on global growth. Including on this blog. So he...
Tuesday, April 19, 2016

18/4/16: Capital Gains Tax & Investment Distortions: Corporate Data from the U.S.

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In our MBAG 8679A: Risk & Resilience:Applications in Risk Management class we have been discussing the links between taxation, optimal...
Wednesday, February 10, 2016

9/2/16: We've Had a Record Year in M&As last... next, what?

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Dealogic M&A Statshot for the end of December 2015 showed that global M&A volumes have increased for third year running, reaching ...
Saturday, November 14, 2015

14/11/15: More Evidence U.S. Capex Cycle is Still Lagging

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In a recent post ( link here ), I covered the issue of shares buy-backs and the lack of capex at the S&P500 constituents level. A rece...
Wednesday, November 11, 2015

11/11/15: Take a Buyback Pill: U.S. Corporates Shy Away from Capex

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As buy-backs of shares inch down as the drivers of U.S. stocks valuations (chart below), things are not going much smoother for the hope...