At the recent FPA Annual Meeting, Marci Rossell, Ph.D., Former Chief Economist of CNBC and a Leading Financial Expert, addressed FPA members and provided her perspective on a roadmap for businesses for 2017 and beyond.
In uncertain political and economic times, Rossell said, it is a good practice to look at the financial markets to help look towards the future. Since the presidential election, the market has rallied significantly. Some of the factors contributing to this rally include the potential significant individual and corporate tax cuts, deregulation, infrastructure investment, and defense spending. But, there are two potential “clouds” that may impact the economy. Firstly, the pending Border Adjustment Tax, which would have significant ramifications for the global economy, and secondly, the deportation of over 11 million undocumented immigrants.