IBM Is The ‘Poster Child’ For What’s Wrong With Corporate Behavior Today

IBM Is The ‘Poster Child’ For What’s Wrong With Corporate Behavior Today

Druckenmiller said. “I don’t mean to pick on IBM, but this is the whole U.S. economy… Capital spending is the lowest it’s been relative to sales in many, many years. That’s the reason productivity is down. We’ve got to get out of this financial engineering stuff and get more into investing in the real economy.”

The chart below shows the relationship between an increase in buybacks and an increase in the S&P 500. Yet another example of how the stock market isn’t the economy

http://www.businessinsider.com/stan-druckenmiller-on-ibm-2014-7?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+businessinsider+%28Business+Insider%29

S&P 500 buybacks Yardeni

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