The United States is geographically vast and diverse, and population is spread out and unevenly distributed. This means production and innovation are both concentrated in some areas of the country, while other parts are clearly more rural. How can we account for these differences to get a more accurate view of the U.S. economic engine?
Unlike its OECD counterparts, recent readings of China’s CLI have been at depressed levels – only seen during recent financial crises and recessions. This is somewhat at odds with official GDP growth statistics, but not with the correction we have seen in commodity prices
“The average man doesn’t wish to be told that it is a bull or a bear market. What he desires is to be told specifically which particular stock to buy or sell. He wants to get something for nothing. He does not wish to work. He doesn’t even wish to have to think.”
"...debt is simply everywhere, at least to the extent we can see and measure it. Corporate and sovereign debt, of both the developed world and emerging market varieties, are at record levels. China’s debts certainly add to that record but who really knows to what extent? It’s the ultimate black box of leverage on Planet Earth... You cannot NOT worry about the Fed in this world...The simple truth is ending reinvestment would bring the bond market to its knees.”
"I do not see the Brexit result in isolation. Instead, I believe we are witnessing a popular uprising against failed politics on a global scale. People want to vote for candidates with personality, faults and all. It is the same in the UK, America and much of the rest of Europe. The little people have had enough. They want change."
"Trump is trying to make America a bit more like Switzerland. Clinton is trying to make America less like Switzerland. Spend a day in Switzerland and tell me who has the better plan. This country is amazing."