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The Global Guru: Is the Bull Run in Biotech over?
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Will You Survive Obama's Last Stand?
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4 Monthly dividend payers with yields over 9%!
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Skousen CAFE: When Will the Doomsayers Be Right?
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Did You Have 20 Double-Digit Percentage Wins in 2015?
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More Powerful than Apple and Google?
Skousen CAFE: Is Wall Street a Fraud?
Skousen CAFE: Which Candidate Has the Best Tax Plan?
The Global Guru: Is This the Time to Invest in Emerging Markets?
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Eagle Weekly Investor: Is This the Time to Invest in Emerging Markets?
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Skousen CAFE: A Financial Revival Meeting in California!
Join Eagle Financial Publications at the MoneyShow Las Vegas!
Weekly ETF Report: What Did Fed Officials Just Say?
Hey Hillary... Hands off My Money!
The Global Guru: What Are the Top-Performing Stock Markets of 2016?
Sunday Specials: Hey Hillary... Hands Off My Money!
The Global Guru: What Are The World's Most Competitive Economies?
Skousen CAFE: 'I Work For Food' -- You're Hired!
Skousen CAFE: Good-Bye High-Tax New Jersey, Hello Tax-Free Florida!
Eagle Weekly Investor: What are the Top-Performing Income ETFs of 2016?
Sunday Specials: Quantitative Computer Program "Does the Impossible"
Only 500 people will get the chance to use these lucrative "pulleys"
Skousen CAFE: Is Free College Education a Good Idea?
Sunday Specials: Tiny Texas Company Profiting Wildly from Reversal of "Nixon Action"
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The Global Guru: Can Alternative Investing Rescue Your Retirement?
Will You Act on this Unusual Money-Making Opportunity?
Eagle Weekly Investor: Does the Federal Reserve Create Recessions?
Skousen CAFE: Got Profits? Here's Where to Spend it!
Sunday Specials: Are You Prepared for the Retirement "Time Bomb?"
Skousen CAFE: Is Ron Paul Right about Brexit? Is The End is Coming? No!
Skousen CAFE: We're Crushing the Market with Gold!
Join Eagle Financial Publications at the MoneyShow San Francisco!
Skousen CAFE: The Capitalists Win at FreedomFest!
Skousen CAFE: Who's Better for Investors, Clinton or Trump?
Leaked: The Next Clinton "Bombshell"
Eagle Weekly Investor: Clinton or Trump: Who's Better for the U.S. Economy?
Skousen CAFE: Are Wages Really Falling Behind?
Quantitative Computer Program "Does the Impossible"
Weekly ETF Report: Is It Time to Pile into Stocks?
Investor Cafe: The Elections and Wall Street: Who Wins in November?
The Global Guru: Should You Buy Into the Lithium Mania?
Eagle Weekly Investor: Should You Buy into the Lithium Mania?
Sunday Specials: Fire Your Broker Now!
Skousen CAFE: Are Reverse Mortgages a Good Idea?
Weekly ETF Report: What Do Clinton, Trump and a German Bank Have in Common?
Eagle Weekly Investor: What Do Clinton, Trump and a German Bank Have in Common?
The Global Guru: Is Donald Trump Right about the Stock Market Bubble?
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Fed Up with ALL the Lies in this Election?
Does Business Need a New Brand?
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Sunday Specials: How Do You Spot a BAD Dividend Stock?
Skousen CAFE: The Impossible Year: Cubs Win... Is Trump Next?
Did You Miss My Free, Live Conference Call?
How We're Investing in the "New Normal"
Is This "Miracle Medicine" Getting Fast-Tracked?
Skousen CAFE: Is the Golden Age of Investing Over? Yes for Bonds, No for Stocks!
Stock Investor Insights: How Did International Markets React to Trump's Victory?
Stock Investor Insights: Will the U.S. Stock Market Soar 20% in 2017?
The Global Guru: Will the U.S. Stock Market Soar 20% in 2017?
NEVER pay another monthly bill for the rest of your life!
Skousen CAFE: How Important Is Trade? It's 'Yuge'!
Skousen CAFE: 2017, The Year of the CEO: We're Back in Business!
The Global Guru: Is 2017 the Year for Global Investing?
Weekly ETF Report: 'Trump On' or 'Trump Off'?
Stock Investor Insights: Why is the U.S. Stock Market Disappearing?
Stock Investor Insights: 'Trump On' or 'Trump Off' for the Market?
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Meet One of the Most Connected People Inside Trump's "Inner Circle"
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Skousen CAFE: Dow 20,000: Are We Near the End or the Beginning?
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Weekly ETF Report: Are Value ETFs the Best Way to Play this Market?
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Skousen CAFE: Is the Stock Market Trumped up?
Skousen CAFE: Warren Buffett Admits Defeat but Still Outperforms!
Stock Investor Insights: Is the Stock Market Trumped up?
Skousen CAFE: Who's Your Favorite Financial Guru?
Weekly ETF Report: Is the Fed's Decision the End of the Easy Money Era?
Stock Investor Insights: Is the Fed's Decision the End of the Easy Money Era?
Skousen CAFE: How I Made the Forbes Billionaire Issue!
Sunday Specials: Can You Really "Insure" Your Retirement?
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Skousen CAFE: Medicaid Now Surpasses Medicare!
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Brand New Service - 213 Slots Available - That's It!
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In August, we received a brutal reminder of just how volatile the market can be. U.S. stocks lost over $2 trillion in shareholder wealth in a matter of just a few days. My newest special report details a low-risk strategy that allows you not only to protect your portfolio from any future swings, but also gives you the chance to pocket weekly payments as high as $2,040!
Cities play a central role in the global economy. And their importance is growing by the day.
The leading global cities in the world are the centers of innovation, commerce, media, culture and politics that are the drivers of human progress.
Last year marked the first year that more than half of the world’s population lived in cities. And despite the “death of distance,” which allows knowledgeable workers to work where they wish, six out of 10 of us will be living in cities by the year 2025.
Much like with college rankings, a cottage industry has emerged that slices and dices the data concerning cities and churns out new rankings on a regular basis.
Throwing its hat in the ring again in 2015, consulting firm A.T. Kearney recently released its version of the top global cities.
Here’s the way global cities stack up today, according to their current performance as measured by the Global Cities Index.
In many ways, the list is pretty much as you’d expect. New York, London, Paris and Tokyo dominate, with three other U.S. cities and three Asian cities rounding out the top 10.
More interesting though is what A.T. Kearney tells us about the future of cities.
San Francisco ranks first in terms of outlook, thanks to nearby Silicon Valley’s relentless focus on innovation.
London comes in second place, matching its performance on the current list, and is behind San Francisco by only a hairsbreadth.
That’s a remarkable change, actually.
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Today, it’s the Brits who feel that way about the United States upon landing in New York at JFK Airport.
Stodgy old Europe fares surprisingly well, with five cities in the top 10 compared to four in the United States. Looking at the top 25, the United States boasts seven cities, compared to 10 in Europe -- though U.S. cities tend to rank higher.
Asia fares surprisingly poorly in its outlook. Beijing cracks the top 10 on the current list and Shanghai comes in at #21. But Beijing and Shanghai drop off the Outlook list altogether. Hong Kong disappears as well. Among Asian cities, only Seoul cracks the top 10, and Singapore and Melbourne break into the top 25.
No cities from any of the BRIC countries -- Brazil, Russia, India or China -- even crack the top 25 in terms of outlook. That’s quite surprising, especially given the conventional wisdom surrounding “the rise of the rest."
Speaking of absences, it is notable that not a single South American or Eastern European city makes the list in terms of future outlook.
Both Buenos Aries and Moscow are in the top 25 today but drop off the Outlook list.
Africa, sadly but unsurprisingly, is nowhere to be found.
Finally, the Gulf States’ showing is also surprisingly weak. Flashy Dubai barely edges into the top 25, representing the only economy from the Arab world.
Finally, 16 cities make up A.T. Kearney’s “Global Elite.” These are the cities that rank in the top 25 on both the Global Cities Index and the Global Cities Outlook and are deemed likely to exert their global influence by A.T. Kearney.
New York City and London are in a league of their own, the only cities in both the top 10 of the Global Cities Index and the Global Cities Outlook.
New York is the leading city in the current Index in two of the five measures, business activity and human capital, and tops six of the 27 metrics used.
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As obvious as New York’s and London’s dominance among global cities may seem today, it wasn’t always so.
When I graduated college in the 1980s, New York had emerged from bankruptcy less than a decade earlier. The city was better known for its high crime rate than it was for Wall Street.
Nor had London attained its reputation as the most international city on the planet. The British capital was still hiding in the long shadow of World War II. Margaret Thatcher had yet to complete the privatization of British industry. Foreign financial institutions -- responsible for putting London back on the global map -- were only welcomed back in 1986.
Overall, A.T. Kearney’s list challenges conventional wisdom in surprising ways.
For all the dynamism of today’s global economy, today’s top performers will remain the leaders of tomorrow.
And the newly rising capital cities of the developing world must prove their mettle in terms of culture, commerce and innovation.
That’s a change that won’t happen overnight.
In case you missed it, I encourage you to read the e-letter column from last week about the damage done to global markets during Q3. I also invite you to comment in the space provided below my Eagle Daily Investor commentary.
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