Co-authored with David Morlock
Rome wasn’t built in a day and didn’t collapse overnight. After centuries of growth, prosperity and domination, the Roman Empire began a long slow decline at the peak of its territorial expansion in 117CE. Internal conflicts, administrative complexity, and wasteful consumption made Rome vulnerable to external attacks and led to the overthrow of its last emperor in 476CE.
2017 could be the year in which the thrust of economic policy collides with the force of demography.
The United States is poised to enter a more typical economic cycle than we’ve seen since the 1990s. The Trump administration’s outsized tax cuts and plans to increase defense spending, and the virtual certainty that the GOP Congress will eagerly go along, will swell the US budget deficit and jumpstart faster growth.
In general, China’s gross domestic product (GDP) in 2017 is likely expected to grow similarly as this year’s around 6.5%, with the consumer price index (CPI) inflating around 3%. Those officially targets will be confirmed later around 20th December 2016 at China's annual year-end top economic meeting, named the Central Economic Work Conference.
Regulatory Guidance - the Differences in Approach to FinTech Regulation in the United States, the United Kingdom, and the European Union
Financial technology evolves into its next stage of maturity in 2017. Where venture investments going to FinTech firms marked progress to date, in the coming year regulatory interest will come to the fore.
President-Elect Donald Trump ran his campaign on a promise to repeal and replace Obamacare. His recent appointment of Rep. Tom Price, author of the “Empowering Patients First Act”, as HHS secretary indicates that he is serious. Price's proposal is a market-based approach that reduces government spending, narrows the range of care that insurers are mandated to cover, offsets premium increases for older, sicker patients with tax credits, caps the employer-tax exclusion, and reverses Medicaid expansion.