Much has been written about the role of the creative economy as a key indicator of economic health. As Visual Capitalist's Nick Routley writes, the “rise of the creative class” and “creative clusters” are concepts that inform the larger conversation on cities as the economic drivers of regions. As a result, everyone from academics to governments are increasingly looking for ways to measure the scope and size of the creative economy.
China vowed that this time it was serious about finally deleveraging its economy. Once again, it lied.
First, a quick tangent: as a reminder, when it comes to the global economy, increasingly more analysts are realizing that just one number truly matters: that of the global credit impulse, which as we cautioned for the first time two months ago, had recently turned negative, mostly as a result of the recent deceleration in China's credit creation.
While Donald Trump already spoiled the surprise of the contents of the latest semiannual report from the Treasury on currency manipulation, when on Wednesday he told the WSJ that China would not be named a currency manipulator, moments ago the US Treasury confirmed just that when it published the long awaited report on "Foreign Exchange Policies of Major Trading Partners of the United States" which while keeping the same six countries - China, Japan, Korea, Taiwan, Germany, and Switzerland - on its manipulation monitoring watch list, it said no major trading partner met the criteria
Amid a sudden and seemingly endless stream of public relations disasters (senior execs leaving, sexual harrassment scandals, uncomfortable video clips, self-driving car fiascos, secret software programs, and mishandled DUIs), Uber opened up its books to Bloomberg, prompting one analyst to exclaim "this is a cash-burniung machine."
The last couple of months have been a constant PR battle for the CEO Travis Kalanick.
Authored by Lance Roberts via RealInvestmentAdvice.com,
In my money management process, portfolio “risk” is “ratcheted” up and down based on a series of signals which tend to indicate when market dynamics are either more, or less, favorable for having capital exposed to the market. This model is published each week in the Real Investment Report as shown below: