Year-to-date, in 2018, US companies have deployed 35% of their earnings into buying back their own shares.
Elsewhere, the Indian rupee has depreciated by almost 11% this year.
GLOBAL equity markets have been giving divergent signals this year, possibly due to the trade wars and the resultant prospect of declining global growth. The narrative of a synchronised global recovery has clearly turned anaemic. While the US equity markets are touching new highs, Europe, China...