OK, we admit to being financial geeks. Sure, we run spreadsheets, monitor markets, and dig through new tax laws, but it goes way beyond that. We see many of life’s adventures through the prism of the financial markets. Consider our views of the Winter Olympics, recently televised from South Korea. Through every event, every participant and even every uniform, we glimpsed parts of the financial landscape.
“It's definitely moving.”
- Ventura County Sheriff's Capt. Garo Kuredjian discussing the Thomas Fire on December 7, 2017.(1)
Right he was. From Fillmore all the way to Santa Barbara with damaging stops in Ventura, Carpinteria and Montecito. Three weeks later containment finally reached 90%. What caused this to become the largest fire in California history? Is the blazing stock market on a similar path? Will Tax Reform add gasoline to the fire?
We want to preface this conversation by expressing our most sincere sympathies to everyone who lost their home, and our gratitude for all the efforts that went into minimizing property damage and protecting human lives. We are using the fire metaphorically, and are not suggesting anything positive about the actual Thomas Fire.
“Let our advanced worrying, become advanced thinking and planning”.
- Winston Churchill; 1874-1965
The U.S. House of Representatives (November 16, 2017) and the Senate (December 2, 2017) each passed their own version of “The Tax Cuts and Jobs Act”. With completion of the reconciliation process, the final version includes several provisions that warrant attention and possible advanced planning.
“It's a beautiful day in this neighborhood,
A beautiful day for a neighbor.
Would you be mine?
Could you be mine?”
- From Mr. Rogers Neighborhood; 1967
Such a nice message Mr. Rogers, but, things have changed quite a bit over the years. What would Mr. Rogers say, half a century later, about a few key neighborhoods?
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