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Macroeconomic Advisers LLC receives prestigious Arcus award for achievement in financial services in 2017

Macroeconomic Advisers LLC receives the prestigious Arcus Award for Achievement in Financial Services for 2017 The 2017 Arcus Award was presented to Macroeconomic Advisers, LLC for Achievement in Financial Services on February 23, 2017 at the annual awards dinner with over 850 members of the St. Louis business community in attendance.  Recipients of the award are selected by a panel of business scholars and executives from review of hundreds of nominees.  A past recipient of the Arcus Award for Achievement in Financial Services includes the Federal Reserve Bank of St. Louis. See article in the St Louis Business Journal here.

MA’s Joel Prakken Quoted in St. Louis Post-Dispatch

MA’s Joel Prakken was quoted in the article, “Border tax debate pits theory against the real world” by David Nicklaus of the St. Louis Post-Dispatch (excerpts shown below). Businesses are scrambling to understand the border tax. Joel Prakken, senior managing director at Macroeconomic Advisers in Clayton, said clients had more questions about it than any other proposed policy change. “Very few people in the real world believe” the theory that the tax won’t affect imports or exports, Prakken said. “Currency traders don’t believe it, and businesses don’t believe it.” (click her for article)

MA’s Monthly GDP Measure Flat in December

Monthly GDP was essentially flat in December on the heels of a sharp, 1.0% increase in November.  The December reading reflected positive contributions from domestic final sales (PCE and nonresidential fixed investment) and net exports that were essentially offset by a decline in nonfarm inventory investment from an unsustainable level in November.  The level of GDP in December was 1.4% above the fourth quarter average at an annual rate.  Implicit in our latest GDP tracking is a small decline in GDP in January followed by increases over February and March that average 0.2% per month (not annualized).   Click here … Continue Reading

MA’s Joel Prakken Quoted in St. Louis Post-Dispatch

MA’s Joel Prakken was quoted in the article, “Curbing immigration will hurt the economy” by David Nicklaus of the St. Louis Post-Dispatch (excerpts shown below). “Joel Prakken, senior managing director at Macroeconomic Advisers in Clayton, says most research shows that immigration helps the economy by increasing the working-age population and by boosting productivity.” Some of the productivity increase comes from skilled immigrants who invent things — people such as Google co-founder Sergey Brin and Tesla founder Elon Musk. It also comes from specialization: As employers hire immigrants for routine tasks, native-born employees move into jobs that make use of their … Continue Reading