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2017
Opportunity
this way
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Top Opps
Trump Administration
Brexit adventure
Fed’s Dilemma
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Provided with four candidate qualities and asked
which mattered most to their vote, almost 4 in 10
(39 percent) said a candidate who “can bring
needed change."
Among those change voters, Trump took 83
percent of the vote to just 14 percent for Clinton.
Exit Poll
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What is the hope?
Trump is a “businessman”
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Policy solutions for growth
Free Trade=lower tariffs
Reg. Relief=reduced costs
Tax reform=capital formation
w/incentives
Infrastructure=efficiency
Energy=low prices
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His econ & tax plan
Cut Corp Tax to 15%
Limit Pass Thru 15%
1x 10% Repat Tax
Ag TPP and NAFTA
Impose tariffs on imported goods
Big Drop in Interest Deductibility
New $500B infrastructure
Full expensing!
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www.andrewbusch.com Source: PIIE
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1,200 Advice & Consent jobs
SCOTUS
Treasury
SEC
CFTC
CFPB
DOL
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100 day reg & energy plan
Save coal, Pass Keystone
Lift moratorium for energy on fed. lands
Cancel Paris Climate Agreement
&Climate Action Plan
&WOTUS
Repeal and Replace:
ACA
Dodd-Frank
executive actions
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Trump plans recap
Help: big tech & big pharma
Hurt: debt heavy balance sheets
Help: industrials & manufacturers
Hurt: free trade
Help: energy production
Help: Transportation/Engineering
Help: banking
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Spending Speed Bump
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Trump opportunity
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Most expensive breakup since?
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Polls
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GBPUSD 20%
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PM Theresa May
"There will be no unnecessary delays in invoking
Article 50. We will invoke it when we are ready. And
we will be ready soon. We will invoke Article 50 no
later than the end of March next year. It is not up to
the House of Commons to invoke Article 50, and it is
not up to the House of Lords. It is up to the
government to trigger Article 50 and the government
alone.”
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GBPUSD 6.5%
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Brexit Opportunity
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2.9%
0.3%
6.7%
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Global GDP Q3 2016
Japan economy grows faster than expected
HK's Q3 economic momentum cools on China
slowdown
Malaysia surprises with 4.3 pct growth, rgt tanks
Indonesia Q3 GDP growth hit by govt spending cut
SKorea Q3 GDP grows 0.7 pct, undercut by
setbacks
Singapore GDP unexpectedly shrinks
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4.9%
9.6%
4.0%
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Quiz Time!
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Fed opportunity summary
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Last Word…
Problems

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Good news: hope for the economy in 2017!