Withum Launches "Trumponomics Think Tank"
Withum announced the formation of its “Trumponomics Think Tank,” a group of industry thought leaders who will provide commentary on the President-elect’s proposed tax, international business, insurance, healthcare reform and energy policies. Insights will also address potential impact on stock market and inflation.
Withum’s highly credentialed Think Tank team will provide expert commentary and projections regarding the latest developments in these and other related areas of specialization pre- and post-inauguration.
DIFFERENT THINKING FOR DIFFERENT TIMES
“It’s a bit early at this point to estimate the impact of a Trump presidency on the economy as we try and understand where campaign rhetoric and reality intersect. With that said, there is reason to be optimistic that proposed tax reform and infrastructure investment (if well thought out) would be positive for the economy over the medium and long term. How things play out with respect to trade is also something we will be watching closely,” said Jason Kunkel, CFA, CBE, FRM, Withum’s certified business economist.
“We expect the combination of a firming labor market and a pro-growth, pro-business agenda will likely lead to a steady increase in the cost of money. Unlike yields in Europe and Japan, which have been negative for some time, U.S. interest rates remain positive and are moving higher. Furthermore, we would not be surprised to see negative real-rate differentials that currently exist to rapidly decline by late 2017/early 2018 as short-term rates catch up to the rate of inflation,” said Jim Ferrare, CFA, CPA, president of PWM Advisory Group, the firm’s investment advisory affiliate.
“Although I do expect changes to the Affordable Care Act, I don’t believe the Act will be repealed in its entirety. Certain provisions will likely be repealed while others, such as pre-existing conditions or coverage of dependents to age 26, are anticipated to remain intact. If the new Administration does repeal provisions of the Act, it will likely be done gradually and not overnight,” said Tony Panico, CPA, Withum partner and practice leader of the firm’s Healthcare Reform Advisory Services.