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So far R&A has created 142 blog entries.
7 06, 2021

Wesbury’s Outlook – There’s Nothing Normal About This Recovery

By |2021-06-07T14:19:31-04:00June 7th, 2021|Uncategorized|0 Comments

We keep hearing people make comparisons between this recovery and those of the past as if it's apples-to-apples. For example, comparing job growth today to job growth after the 2008-2009 Panic. All in an effort to make the case that government spending creates economic growth. But there is nothing normal about the current economy. The [...]

21 05, 2021

Cryptocurrencies, SPACs, Robinhood/Reddit, the mania beat goes on. – Michael Rogan

By |2021-05-21T15:51:18-04:00May 21st, 2021|Economist, Financial, Media|0 Comments

If the Wizard of Oz were written today about “Investing Crazes du Jour”, Dorothy’s famous repetitive line may well be: “Cryptos, SPACs and Robinhood/Reddit, Oh My!!” As I begin my 36th year dispensing investment advice, I marvel at the consistency of human behavior. Specifically, the consistent avoidance of the knowledge provided by history, and the [...]

17 05, 2021

Unsustainable – Wesbury’s Outlook

By |2021-05-17T17:00:25-04:00May 17th, 2021|Economist, Financial, Interest Rates, Media, Outlook, Policy, Spending|0 Comments

The US economy is recovering rapidly from the COVID-19 disaster. The rollout of vaccines, the lifting of restrictions, loose monetary policy, and a massive increase in government spending are all playing their parts. The problem is that the massive government "stimulus" checks have put the economy in a strange position, where retail sales are far [...]

7 04, 2021

Jobs Are Booming – Wesbury’s Outlook

By |2021-04-07T00:39:12-04:00April 7th, 2021|Debt, Economist, Fear, Financial, Governments, International, Outlook, Spending|0 Comments

When the scientists said "15 days to slow the spread," some of us actually believed that by Easter the shutdowns would end. That was last year. Now, a full year, and $5 trillion in government spending later, we may finally be getting our wish. On Good Friday, the Bureau of Labor Statistics released the March [...]

16 03, 2021

Inflation and the Fed – Wesbury’s Outlook

By |2021-03-16T15:03:53-04:00March 16th, 2021|Debt, Economist, Fed Reserve, Financial, GDP, Interest Rates, Outlook, Policy|0 Comments

We believe inflation is still, and always will be, a monetary phenomenon. It is defined as "too much money chasing too few goods and services" – but that doesn't mean every period of higher inflation is going to look exactly the same. Today's case for higher inflation is easy to understand. The M2 measure of [...]

7 01, 2021

Happy, Healthy, and Calm

By |2021-01-07T13:33:05-05:00January 7th, 2021|Financial, Media, Outlook|0 Comments

Now that 2020 is receding in the rear view mirror, it’s time to assess where we are and to refresh our goals for where we are headed. 2020 gave us many lessons to learn from and move forward.   First, we all have much to be grateful for and one thing we have observed over [...]

8 12, 2020

2021: Robust Growth, Higher Inflation – Wesbury’s Outlook

By |2020-12-08T17:05:37-05:00December 8th, 2020|Debt, Economist, Employment, Fear, Financial, Outlook, Policy|0 Comments

The COVID-19 Recession is the weirdest we've ever had. There is no way anyone could have forecast it. It did not happen because the Fed was too tight. It did not happen because of a trade war. It was self-inflicted, caused by COVID shutdowns. And, in spite of a V-shaped bounce off the bottom – [...]

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