Organic Investments


Time to Know What you Own

Based on where the yield curve is today, and the fact that the Fed is intending to raise rates to a more normal level (3.5%-4.0% would not be unreasonable) over the coming months, it is time to address potential upcoming vulnerabilities in the credit markets over the next six to nine months. Deficiencies need to be addressed in order to be prepared for what could be a level of market volatility not seen since the liquidity crisis of 2008-9. Since 2009, US firms have spent $4 trillion on buying back their own stock. This has accounted for 40% of their earnings growth. Since 2012 buybacks have accounted for 72% of earnings growth. JP Morgan is predicting a record amount of corporate buybacks t

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