February 15, 2017—During 2017, elections will be held in the Netherlands, France, Germany, and probably Italy. Popular support for alternative parties in these countries is rising. Most espouse nationalist and anti-immigrant sentiment. These parties also favor withdrawal from the European Union (EU). In the wake of Brexit, the departure of any one of these “core EU” countries could spell doom for both the euro as a currency and the EU itself.
January 27, 2017—The first reading for fourth-quarter economic growth showed that the economy slowed a bit in quarterly terms, but that the momentum in the second half of the year is intact. The Bureau of Economic Analysis reported real gross domestic product (GDP) increased at an annual rate of 1.9% in the fourth quarter of 2016, a slowdown from 3.5% in the third quarter. Fourth-quarter growth was lower than our expectations of 2.
January 27, 2017— In the weeks leading up to President Trump’s inauguration—and throughout his campaign as well—the subject of “tax reform” has been raised quite often. But what exactly does this term mean? Some concepts such as rate reduction, repatriation, and more rapid capital expense write-offs have been used but these only scratch the surface.