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Is Technology Making the Financial System Less Secure? An Interview With Richard Ledgett

October 23rd, 2017

With the Equifax data breach fresh in everyone’s mind and fintech on the march, we sat down with Richard Ledgett, former Deputy Director of the National Security Agency, to discuss cyber risk to our financial systems, the role of technology in increasing and mitigating risk, and what can be done to make the system and the individuals and organizations that use it more secure.

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Our Views


The Economic Consequences of Tax Reform

December 14th, 2017

Gail FolserMedia reporting on the economic consequences of the Tax Cuts and Jobs Act now in conference is short on facts and long on polemics.  This is no superficial “giveaway” to the rich.  Rather, the act will benefit almost 34 million businesses, the overwhelming majority of them small, and transform the United States into a globally competitive platform for investment and expansion.

Tech Tired: Does Advertising Constrain Tech Stock Growth?

December 6th, 2017

U.S. stock markets are hitting record highs, often led by so-called tech stocks like Google, Facebook, and Amazon, now valued at three to five times their 2008 prices.  In contrast to tech titans like Microsoft and Apple that produce and sell technology products, however, these companies earn their revenue largely through advertising.

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Client Events & Reports


December 2017

Our global outlook reports examine the dynamics that shape the global economy and outline our expectations for regional and global economic growth over the next few years.

Most Recent

November 21st, 2017

This report extends our 2015 Zone of Risk framework to assess how financial cycles evolve in the zone and link the timing of financial cycles to the timing of U.S. recessions.


House Ways and Means Chairman Brady has put forward his chairman’s mark on H.R.1, the “Tax Cuts and Jobs Act.”   Our latest Client Briefing discusses the bill, its costs, and the rationale for our conviction that tax reform will pass this year.


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