Big U.S. companies spent more money on buying back shares than they did on capital expenditures in the first half of 2018. The last time that happened for two straight quarters was just before the crisis, according to this chart from Deutsche Bank's Torsten Slok

Big U.S. companies spent more money on buying back shares than they did on capital expenditures in the first half of 2018. The last time that happened for two straight quarters was just before the crisis, according to this chart from Deutsche Bank's Torsten Slok pic.twitter.com/LouDYPBzB5

— Lisa Abramowicz (@lisaabramowicz1) November 5, 2018