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September 5, 2018

Next Year, Now (blog)

Man holds crystal ball

It’s hard to believe that next year, June 6, will be the 75th anniversary of the WWII D-Day invasion of Normandy. For some, this reality reminds us of the fathers and grandfathers that persevered through WWII and planted the seeds of an economy that we continue to benefit from today. However, for others who are younger, there may be limited knowledge of the War and the importance of D-Day:

  • On June 6, 1944, more than 156,000 Allied troops landed across a 50-mile stretch of the Normandy coast; the invasion was supported by more than 5,000 ships and 13,000 aircrafts
  • By June 11, over 326,000 troops and 50,000 vehicles had landed at Normandy
  • Known as the largest amphibious invasion in history, D-Day opened up a Western Front on the continent of Europe and was the beginning of the end of Hitler’s regime
  • On May 8, 1945, almost 11 months after the invasion, the Allies accepted Germany’s unconditional surrender, ending WWII in Europe

As we conclude Labor Day 2018, few of us are thinking about June 2019 world and economic events, such as the 75th anniversary of D-Day or for that matter the 10th anniversary of our current economic expansion.

Regards to the economy, we believe the events that unfold next year will have profound consequences on the trajectory in the 2020s, and focusing your thoughts NOW on sources of potential trajectory changes, both positive and negative, will help prepare you for what’s to come. We are focused on the following for early indications of 2019 trends:

  • Consumer confidence and average hourly wage data
  • Default rates on personal and corporate loans
  • Long-Term Treasury bond rates
  • Inflation rates
  • Trade negotiations
  • Midterm election results and control of the Senate and House

Finally, for history buffs, click here to find one of the classic Normandy speeches by Ronald Reagan – “The Boys of Pointe du Hoc”

Related Reading

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  • Tapping the Talent Well. CBIZ CMF’s executive recruiting practice, focused on the needs of middle market private equity, recommends these tips to keep your talent well from running dry.  Read more >>
  • MarketWatch: Companies like Shopify help smaller retailers compete in an Amazon world. Commentary by Thomas Bonney, CBIZ CMF's Senior Managing Director.  Read more >>

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Copyright © 2018, CBIZ, Inc. All rights reserved. Contents of this publication may not be reproduced without the express written consent of CBIZ. This publication is distributed with the understanding that CBIZ is not rendering legal, accounting or other professional advice. The reader is advised to contact a tax professional prior to taking any action based upon this information. CBIZ assumes no liability whatsoever in connection with the use of this information and assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

CBIZ MHM is the brand name for CBIZ MHM, LLC, a national professional services company providing tax, financial advisory and consulting services to individuals, tax-exempt organizations and a wide range of publicly-traded and privately-held companies. CBIZ MHM, LLC is a fully owned subsidiary of CBIZ, Inc. (NYSE: CBZ).

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