Welcome to 2 Question Tuesday. This week’s client submitted questions were:

1. Could China’s economic problems hurt the U.S.?
2. What’s the situation with stock buybacks?

Phil, Mike, and Larry discuss the problems in China’s economy — dismal consumer spending, a shaky property market, falling exports, record youth unemployment, increasing local government debt, and a real estate sector that’s unraveling — and how they will affect the U.S. economy and markets. They then talk stock buybacks; how many billions of dollars are flowing back into the stock market because of these buybacks and is this a distortion investors can take advantage of?

Submit your questions to question@2questiontuesday.com

As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.