Buy Backdraft

“While there are pockets of the economy where investment is picking up — among large tech companies and in shale oil business, for example — corporate spending on buying back stock is increasing at a far faster clip.” The NYT: Investment Boom From Trump’s Tax Cut Has Yet to Appear.

+ WaPo: Rare trifecta of soaring stocks, cheap loans and low inflation coming to an end. (It was damn fun while it lasted…)

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