I'm an economist, not a paid political spokesman (nor a paid political spokesman pretending to be an economist). I gave the Trump/Kudlow/Ryan tax cuts full props for the boom we got in 2018. But I also warned that the effects of the tax cut were wearing off.
The question I’ve most heard from financial investors and advisors is, “Why do you focus so much on investing outside of the United States?” I’ve played a role in creating 5 investment indices, but the one that has attracted the most attention (and the most capital) is the one focused on international equity, VIEQX. This question comes up often probably because many investors exhibit something called “home bias,” which, according to Investopedia, refers to the tendency to “invest in a large number of domestic equities, despite the purported benefits of diversifying into foreign equities…” For many investors, the conversation can tend to focus only on which US stocks to buy. But there are other countries out there to invest in, and (per the infographic below) many of them are poised for fast growth, faster even than the United States.