Northern Trust's Ellis Says Shutdown Not Worrying Investors

The video discusses the political landscape surrounding the Federal Register Printing Savings Act and DACA, highlighting the challenges in passing legislation due to party dynamics. It explores the potential impacts of a government shutdown on the economy and public services, noting that while macroeconomic effects are minimal, microeconomic impacts can be significant for certain sectors. The discussion shifts to investment strategies amid political uncertainty, emphasizing the resilience of markets and the opportunities presented by tax reform. The video concludes with insights into family office investment strategies, focusing on long-term risk assets and private market opportunities.

What is the main reason the Federal Register Printing Savings Act is unlikely to pass the Senate?

• Presidential veto

• Insufficient media coverage

• Opposition from at least four Republicans

• Lack of support from Democrats

What is a common visible effect of a government shutdown?

• Increased military presence

• Decrease in unemployment

• Closure of national parks

• Rise in stock market

How does a government shutdown typically affect the macroeconomy?

• Immediate recession

• Rapid economic growth

• Minimal macroeconomic effect

• Significant long-term impact

How did the markets react to political uncertainty in 2017?

• They experienced a downturn

• They remained stable

• They showed significant volatility

• They collapsed

What is a key element of the tax bill that affects business investment?

• Increase in corporate tax rate

• Introduction of new subsidies

• Immediate depreciation

• Reduction in import tariffs

What is the expected impact of the tax overhaul on corporate profits?

• Unpredictable impact

• No change in profits

• Increase in profits

• Decrease in profits

What strategy is suggested for family offices in the current market environment?

• Invest in liquid markets

• Focus on short-term gains

• Avoid risk assets

• Explore private market opportunities