Diversified Digest: July 31
July 31st, 2017 | posted in: Insights
by: R. Samuel Fraundorf
Diversified Trust’s investment team brings you headlines of note for the week. Click on the links to access the articles.
The last ten days inside the Beltway have had more news, twists and surprises than the first six months of 2017. The GOP failed to make good on its seven year promise to repeal the Affordable Care Act, the Big Six issued a statement outlining the current thinking and direction for tax reform and signaling the border-adjusted tax (BAT) is dead (making things either more clear or more murky), GDP came in for the second quarter at an improved but still low 2.6%, and the daily news from the White House continues at an unabated pace.
We have seen in the past different reviews of the impact of automation on jobs and the economy. Here is one on the impact of job automation on politics.
There has been a number of commentators shouting about the student loan bubble and its potential impact to the US economy, looking to make it the 2017 version of the subprime mortgage debacle. The reason we have not been too concerned is because it differs in size and securitization.