His firm publishes an annual ranking of financial centers that tracks more than 100 indicators, including
nonfinancial measures like crime rates and air pollution.
Not exact matches
These
measures include the S&P 500 price / revenue ratio, the Margin - Adjusted CAPE (our more reliable variant of Robert Shiller's cyclically - adjusted P / E), and MarketCap / GVA — the ratio of
nonfinancial market capitalization to corporate gross value - added, including estimated foreign revenues — which is easily the most reliable valuation
measure we've ever created or tested, among scores of alternatives.
To date, we do not see a systemic threat from leveraged lending, since broad
measures of credit outstanding do not suggest that
nonfinancial borrowers, in the aggregate, are taking on excessive debt and the improved capital and liquidity positions at lending institutions should ensure resilience against potential losses due to their exposures.
Nonetheless, the
nonfinancial debt - to - GDP ratio, a
measure of leverage in China's private sector, surged beyond 250 %, prompting Moody's to downgrade China's rating one notch in May.