The United States: We haven’t seen these levels of labor market tightness and strong demand conditions since the late 1990s (right before the recession).
China: Beijing made it clear that it will work to boost growth in response to the rising risks to the economy. With shadow banking expansion presumably under control, monetary tightening is now off the table. The stock market moved higher in response
Cryptocurrency: How are fraudulent ICOs initially flagged?
Equity Markets: Investors continue to favor companies with strong balance sheets.
Emerging Markets: Turkey’s central bank unexpectedly held rates unchanged (a hike was expected). The decision once again demonstrates that the central bank is not independent (especially since Mehmet Simsek left Erdogan’s administration).
Food for Thought: Would you like a company more or less if it advocates the following?
Edited by Joseph Cohen
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