1. Report: China’s Economy Will Not Overtake US Until 2032
2. Cheaper Energy & Technology to Boost Asia-Pacific Region
3. Trickery: “Chained CPI” Hidden in New GOP Tax Reform Bill

Overview

Let me begin today’s letter by wishing everyone a Happy New Year! Without your continued support, this E-Letter and Halbert Wealth Management would not exist. Thankfully, our assets under management have continued to grow in recent years.

Our stable of investment strategies at HWM has never been more diversified than it is today. In the last few years, we have significantly expanded the scope of the investments we recommend, including several successful strategies that do not involve stocks or bonds.

If you are one of those that are concerned about the stock markets’ record high levels, you should definitely consider these “alternative” investments. Also, as you will learn shortly, we are about to introduce three very successful strategies that deal in real estate, a first for us.

The point is, we continue to expand our roster of investment strategies to meet the needs of sophisticated investors in these increasingly complex markets -- including programs that have the potential to do well in rising or falling markets.

Given that, I would suggest that you make a New Year’s Resolution to at least consider some of the alternative strategies we recommend at Halbert Wealth Management just ahead. My Investment Consultants do not work on commission, so there is never any pressure to invest.

Barring any major negative surprises, 2018 looks to be a good year for the US economy, for jobs, for wages and for new innovation. I will get more specific on these topics in the next few weeks. Today, we need to revisit China and a new report which predicts how soon the “Middle Kingdom” will overtake the US as the world’s largest economy.

Rounding out today’s discussion, I’ll explain “chained CPI” which replaced traditional CPI in the new GOP tax reform bill. Whether you agree or disagree with this sneaky change in how inflation is calculated, you need to know about it. I’ll explain as we go along today.