US Economy

Can we keep it going?

Problems and Solutions

US & Intl Economic Situation

2016 Presidential Race

Future Growth

The problem: slow growth

US Dollar +25%

3yr Oil and Nat Gas

Rate Dilemma

“There are limits to what monetary policy can and, indeed, should, do. The burden

must also fall on fiscal and other policies to do their part to help create conditions

conducive to economic stability.”

SF Fed President John Williams

The 10yr Debt Time Bomb

Productivity=Growth

Big Problem: 5yr low

Solutions

Free Trade=lower tariffs

Reg. Relief=reduced costs

Tax reform=capital formation w/incentives

Infrastructure=efficiency

Energy Production

Trump Econ/Tax PlanCut Corp Tax to 15%

Limit Pass Thru 15%

1x 10% Repat Tax

Ag TPP and NAFTAImpose tariffs on imported goods

Big Drop in InterestDeductibility

New $500B infrastructure Full expensing!

100 Day Energy Plan

Save coal industry

Pass Keystone

Rescind Obama executive actions: Climate Action Plan

and the Waters of the U.S. rule

Lift moratorium on energy on federal lands

Cancel Paris Climate Agreement

Trump plans help/hurt

Help: big tech & big pharma

Hurt: debt heavy balance sheets

Help: industrials & manufacturers

Hurt: free trade

Help: energy production

Help: Transportation/Engineering

CLINTON PLAN

Fair share tax

New Tax Credits forProfit Sharing andApprenticeships

No Free Trade

Exit Tax

$275B Infrastructure plan

Big Change to Cap Gains

Energy Plan

500mln solar panels by 2021

Implement Clean Power Plan

$60B Clean energy challenge

Implement Paris agreements

Clinton plans help/hurt

Hurt: MNCs competitiveness

Hurt: raises taxes on top earners/capital formation

Help: transportation/enginering

Help: energy/alternatives

Hurt: energy/hydrocarbon production

2016 RecapClinton:

biz tax hikes build on regscap gains taxno free trade

big alternativesbig infra

create pathway

Trump: biz tax cutsreduce regs

full expensingno free trade

big hydro carbon big infra

build a wall

Trump Poll Drop

Down Ballot: Senate

Major Ag. Issues

Climate change

Global Trade

Immigration

Food regulations

Energy Security

Solution summary

Future Growth Solutions

Agtech

Driverless equipment

Alt Energy

“…we have seen how the great acceleration is being driven forward by a powerful alliance between hardware and

software – between technology and ideology. Day by day, year by year, this

process is reaching further into our lives, as the billionaires and would-be billionaires

of Silicon Valley widen their ambitions. Space travel, education, energy,

agriculture, transportation – all these sectors and more are in their sights. In

their quest to disrupt the world, they and their cousins around the world are aided

and abetted by the availability of raw computing power on a scale unimaginable

a few decades ago.Robert Colvile in “The Great Acceleration: How the World is

Getting Faster, Faster”

AGCO, Autonomous Solutions (ASI),

Autonomous Tractor Corporation, CLAAS, CNH

Industrial, GEA Group, Harvest Automation, John

Deere, Shibuya Seiki, Trimble Navigation,

Yamaha Motor Company, Yaskawa Electric

Corporation

Big Data, Analytics, AI

Driverless Taxis and Trucks

Economic Hero or Goat?

eCars Tiny, But Growing

Stored Sunlight

Storage is the Holy Grail

Source: GTM Research Energy Storage Monitor 2014

Your Future Hero?

“Robots may become evenmore personally prized than cars.”

Gill PrattCEO Toyota Research Institute

Final Thoughts…