Is this the beginning of a geopolitical recession? Political scientist Ian Bremmer sees warning signs reaching past the United States to countries in the EU and beyond. At the same time we face the prospect of a stock pullback, globally diversified portfolios are looking more promising. Jeffrey Kleintop of Schwab describes a “return to normal” for global markets as they move away from performance correlation. In Washington, the coming agenda for Republicans includes a systemic tax overhaul. While President Trump characterizes U.S. taxes as “just about the highest in the world”, the Federal Reserve Bank of Chicago offers a look at where the U.S. ranks among 35 nations.
What Does The Global Power Shift Mean For The U.S. Economy?- In the nearly 20 years he’s been analyzing major political events, political scientist Ian Bremmer has seen little lasting impact on global markets. That is, until now. Bremmer believes a major geopolitical shift is underway as the United States retreats from key alliances, and populist forces push for regime change in volatile parts of the globe. This trend could prompt a related pullback for companies with global ambitions, but those who rely on the U.S. economy may not even notice. Read more…
An Important Benefit To Global Investors Is Back After 20 Years– The bulls aren’t running in a herd. Bull markets can be found in the stocks of countries around the world, but their movements are less correlated with each other than they have been in the past 20 years. The change brings the return of an important diversification benefit for holders of globally diversified portfolios. Read more…
This Chart Shows How Much Americans Pay In Taxes Vs. The Rest Of The World– As the Republicans in Washington prepare to dig into the coming round of budget negotiations, their top priorities will include an systemic overhaul for U.S. taxes, which President Donald Trump has characterized as “just about the highest in the world.” A research paper published this week by the Federal Reserve Bank of Chicago includes a chart, highlighting the tax burdens of all 35 OECD (Organization for Economic Co-operation and Development) countries as of 2014. Read more…
John R. Day, Bill Ennis, Stephanie Davidson and Matt Heller
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