Goldman Sachs: A Day Of Reckoning Is Upon Us – Record Stock Buybacks Cause Concern

Josh Sigurdson talks with author and economic analyst John Sneisen about some strange happenings at Goldman Sachs.
Goldman Sachs projects a record$650 Billion in stock buybacks! It’s being called a day of reckoning.
Goldman’s chief equity strategist David Kostin has now revised his previous forecast for the S&P corporate cash spending. He now believes 2018 corporate cash outlays will grow by 15% to $2.5 trillion!
$1.4 trillion (54% of the total) going toward growth while $1.2 trillion (46%) gets returned to shareholders.

This follows the recent $171 billion in YTD stock buyback announcement which is the most ever for this early in the year and double the ten year average of $77 billion.

Buybacks are set to increase by a incredible 23% from $527BN in 2017 to an all time high of $650BN! That is once again… a record.

This is not going to settle easily. There is pressure build up and it’s becoming entirely unsustainable. The recent dip in the stock market clued in a lot of euphoric speculators. People are being shaken by the shoulders. We saw what happened in 1929 and we are seeing something incredibly similar today.

Of course the fundamentals are off the table due to the level of manipulation in the markets as well as the monetary system, so we cannot put a date on the inevitable crash but we do indeed know that it is coming and it’s up to us to heed the warnings coming from every angle and protect ourselves. It’s much better to over prepare than under prepare and that comes down to education and the action of the individual. Responsibility.
Will you take these warnings in stride? Or will you feel secure by being ahead of the game? That’s up to you.

Stay tuned for more from WAM!

Video edited by Josh Sigurdson

Josh Sigurdson
John Sneisen

Graphics by Bryan Foerster and Josh Sigurdson

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  • Truth Seeker

    Sadly the chattel are so poor and living paycheck to paycheck there is no financial way to prepare for anything only physically with food water and protection

  • Truth Seeker

    We are losing our wealth by design of a private cartel enslaving bank systems. This same slave system is now supporting crypto which would be enough red flags. Do we really trust our slavemasters? Cmon people

  • Silverstone

    You guys talk about the housing market crashing but it seems to be going up still. You dont show any facts or numbers. Are you simply spreading FUD? Hoping for a crash that isnt coming? I dont understand how the market could crash with Chinese slave money pouring in by the billions and our government inviting it. I havent seen any numbers indicating even a downturn.

  • DarthShadie

    It’s normal to be afraid, and it’s possible it won’t hit as badly as some people I know think it will, like a zombie apocalypse, with people breaking your windows and stealing from your home, but it’s good to prepare so that you’re not impoverished, as opposed to bury our heads in the sand. I’m an optimist, I think we’ll be ok, but we’ve also been preparing. You guys are hot trying to scare us, you’re trying to wake us up, waking up means being shaken, it’s scary, unpleasant, angering. But being awake and living is so much fun ?

  • Granville Higgins

    They are performing buy backs with money that should be going to increasing wages and bonuses for the rank and file employees that have doubled productivity with no increase in wages.

  • magnus4g63

    communist style central banking combined with fascist style fractional reserve banking is f***** up ? noooooooo who could have seen that comming ?

  • Radioactive Banana

    Taxes: Nothing has changed in taxes for the little guy you still have 40% of your bonus taken by the IRS (a corp under the UN which has no authority in the US). An illegal double and triple tax occurs on your 401k! You are still taxed on your tax refund from last year – unconstitutional and illegal, double tax. Nothing has changed as far as I can see. All bullshit for the rich man! SHUT THE IRS! NOT A US GOV AGENCY! CRIMINALS OF MONEY LAUNDERING LIKE THE FEDERAL RESERVE!

  • Radioactive Banana

    “The IRS is NOT a U.S. Government Agency. It is an Agency of the IMF.” (The IMF is under the UN)
    Diversified Metal Products v IRS et al. CV 93- 405-EJE U.S.D.C.D.I.
    Public Law 94-564
    Senate Report 94-1148 pg 5967
    Reorganization Plan No 26,
    Public Law 102-391

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