There was recently a story on NPR about a simultaneous oversupply and shortage for N95 masks. NPR interviewed a businessman who runs a medical supplies company with approximately 15 million masks in their warehouse in Miami. He’s had to lay off about 25% of his 2,000 employees because he can’t find buyers for his masks. NPR also interviewed an administrator with a mid-sized medical system. She described her company’s inability to acquire the necessary protective equipment for their doctors, nurses and staff. Connecting these two parties should be easy, shouldn’t it?
Below is a link to view the slides from our recent client presentations. The slides have accompanying notes. Topics include a market review, economic outlook, and digital assets. Please contact us if you would like to discuss further.
Berkeley, Inc. Semi-Annual Presentation July 2018
At Berkeley, Inc. we have been surprised by the muted volatility following the election of Donald Trump. As noted during our semi-annual presentation in January, President Trump’s heated rhetoric during his campaign should have resulted in at least a little stock and bond market turbulence. In the weeks and months following the election numerous articles have been written in the nation’s leading newspapers, typically with the same perplexed curiosity as ours. Where is the usual market reaction to changing economic and political turmoil?
Below is a link to view the slides from our client presentation. Each slide has accompanying commentary. Please contact us if you would like to discuss any of these topics further. We will see you in July!
Berkeley, Inc. Semi-Annual Presentation January 2018
The New York Times today addressed the current proposal to lower taxes for corporations. The White House and the Republican controlled Congress are arguing emphatically that corporate tax rates need to be reduced because the U.S. has the highest tax rate among the seven most developed economies in the world.
Yes, they are correct that the U.S. has the highest marginal rate, but U.S. corporations do not pay the most taxes. As seen below, and as reported by the White House and the Treasury Department in 2016, U.S. companies pay the fifth highest as measured by the effective rate. If the same tax breaks and financial loopholes remain AND their maximum tax rate declines from 35% to 20% U.S. corporations will be near the bottom. Why does this matter? Because of the United States government’s current budget debt of $20,496,092,622,812. Yep, it’s a lot…mucho grando. If a plan isn’t put into action to reduce it soon it may lead to economic trouble ahead.
Occasionally we like to post articles that give you some insight into how we form our opinions or stay informed.