The Monthly Letter covers two topics this month.  First, we provide our Global Economic Quarterly, with an analysis of the current global conditions and the key factors that will impact the coming economic cycle.  With the US recognizing the threat from China, US economic policy moved to accelerate US growth and to create higher levels of investment into the economy.  In many ways, the U.S. continues to embrace the policies utilized by Emerging Economies over the past 20 years to supercharge their growth.  Should the U.S. continue down this path, it creates major implications for how the Global Economy will grow and for the relative growth of Developed Economies compared to Emerging Markets.  Second, as always, we close with brief comments of interest to our readers.

Global Economic Quarterly: The Reopening Force & The Fight For Global Growth

No Gusher’s Here, Minimal Service, and Dear Sweetness

In Closing

Should you have any questions on how the above issues or the items discussed in our accompanying cover letter impact your family’s financial position or your business’s future as well as the potential actions you could take in response, please do not hesitate to contact us.  We welcome the opportunity to discuss this with you.

Yours Truly,

Paul L. Sloate                                               
Chief Executive Officer                           
& Senior Advisor                                           

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