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Politics : The Trump Presidency -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (115557)	3/24/2019 10:05:10 PM
From: i-node	Read Replies (1) \| Respond to of 361656

>> What I said then, said later, and say now is that 3% growth or greater cannot be sustained. Right. That's what you said. That it couldn't be done. Yet, it can. From Q4'17 to Q4'18 it was sustained. There is no indication it can't be going forward. Although it may not be. One year is "sustained" it is the first time 3% has been hit in more than ten years. We'll see where we are over the coming four quarters, and if we can defeat China, we could easily be looking at even higher levels. So, it is sustained for a year, and you said it couldn't be sustained. We don't know what the coming four quarters will bring, but we can safely say you were wrong. >> As I and others told you and you refused to believe, the tax cut went to stock buybacks and executive compensation. Some did, some didn't. You are no doubt aware there there are 20-25 billion in capex underway today in South Texas from two oil companies. Not chicken feed. It is wrong to suggest that stock buybacks are somehow a bad thing. These are companies investing in their own shares, which is not fundamentally different from investors doing it. Those of us who are educated about such matters recognize that it is like any other investment capital; it makes available cash in the capital markets for future expenditures, but is at the same time a convervative position from the investor's perspective.