November 29, 2016— On December 4, Italian citizens will vote on constitutional reforms proposed by the government of Prime Minister Matteo Renzi. These reforms would dilute the power of the country’s Senate, making it easier for the Italian government to get laws, including structural economic reform laws, passed through the lower house Chamber of Deputies.
November 22, 2016—Following up on our post from last week, The Transition Begins, as we continue to explore how the new administration will impact the economy and financial markets, we turn to a highly publicized topic, the North American Free Trade Agreement (NAFTA). As a candidate, Donald Trump frequently cited NAFTA as a “disaster” that had hollowed out U.S. manufacturing, particularly in Pennsylvania, Ohio, Michigan, and Wisconsin.
October 24, 2016–Given the market volatility that followed the unexpected “leave” outcome in the U.K.’s Brexit referendum, it is understandable that global investors would be concerned about any European referendum. Hence, a great deal of global investor attention has turned to an Italian referendum scheduled for December 4.The question on the ballot is whether to strip legislative powers from Italy’s regionally elected Senate.