In the November 11, Kiplinger Letter, we find the following ideas which I thought would be of value to you:
- President-elect Trump stated: “I will increase the Gross Domestic Product (GDP) growth to 4% a year”. Kiplinger believes the 2017 GDP
to be closer to 2.1%; in-part, due to the fact that fiscal change will happen more slowly than the president-elect predicted.
- There will be no wall built on the border between the U.S. and Mexico.
- Trump will find it difficult to create the relationship he wants with Putin. Even though the goal of closer ties would be to defeat ISIS and end Syrian conflict, collaborating with Putin will draw great resistance from the U.S. military.
- Repealing Obamacare immediately. This topic is very tricky. The details will take years to sort out; nothing is going to happen quickly.
Barbara A. Culver
CFP®, ChFC®, CLU, AEP®