On February 28, 2013 we posted a blog titled, “The importance of predictability or, just tell us what the rules are.”
The themes discussed in that blog remain just as relevant today, despite changes in Congress and the White House.
It is difficult to overestimate the importance of being able to plan ahead.
Investors in particular should take note. Uncertainty may be adversely affecting long-term investment decisions, which is likely to moderate economic growth, with obvious implications for portfolio strategies.
All comments and suggestions are welcome.
Walter J. Kirchberger, CFA