A New World
The current administration in the White House is signaling they believe in big government, really big government.
They look back with fondness to the days of FDR and LBJ. They think a big government approach is the way to go.
In this venue, I will not argue these ideas one way or the other and it would make no difference if I did. The point is, for really the first time since Reagan, the stance of the federal government vis-à-vis non-government corporations is going to change. Taxes and regulations will increase to levels not seen since Richard Nixon. Very few in business today remember how to operate under such conditions.
My concern is that we will go there quickly. Not because the government moves quickly but investors do when they perceive change in the wind. All you have to do is look at the bond market to see how quickly the world can change.
Be aware, be on the lookout and flexible.
