About R&A

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So far R&A has created 101 blog entries.
17 09, 2019

We’re All Keynesians Now – Wesbury’s Outlook

By |2019-09-17T12:35:38-04:00September 17th, 2019|Financial, Policy, Spending, Taxes, Trade|0 Comments

"We are all Keynesians now," is a phrase that caught on in the late 1960s and early 1970s, variously attributed to Milton Friedman and President Richard Nixon. Uncle Milty was commenting on the general political/economic environment, not saying he was a Keynesian. Richard Nixon, on the other hand, actually said "I am now a Keynesian." [...]

27 08, 2019

Business Uncertainty – Wesbury’s Outlook

By |2019-08-27T08:51:05-04:00August 27th, 2019|Uncategorized|0 Comments

Analysts were very quick to pin the blame for weakness in stocks late last week on the trade war with China. We agree that uncertainty regarding the future of US-China trade relations was a drag on equities, but think it was far from the only reason for weakness. In fact, it wasn't even the most [...]

15 08, 2019

The Inverted Yield Curve and Impending Doom?

By |2019-08-15T13:36:22-04:00August 15th, 2019|Uncategorized|0 Comments

Our media loves a "good" story, even if they have to invent one. Today’s story from Media Groupthink Central (MGC) is the yield curve for US Treasuries has inverted and therefore is signaling an impending recession. Several carefully worded stories to this effect have been printed recently, along with others written more sloppily so as [...]

5 08, 2019

Wesbury’s Outlook – The Flailing Fed

By |2019-08-05T19:08:58-04:00August 5th, 2019|Uncategorized|0 Comments

The Fed is flailing. For the past several years, under the leadership of both Jerome Powell and, before that, Janet Yellen, the Fed claimed it was "data dependent." But the decision last week to reduce short-term rates by 25 basis points tore that narrative to shreds. At the prior Federal Reserve meeting in mid-June, a [...]

30 07, 2019

Wesbury’s Outlook- Solid GDP Report

By |2019-07-30T14:59:11-04:00July 30th, 2019|Outlook, Policy|0 Comments

A cottage industry has sprung up in the past decade with the sole focus of discrediting any good news on the economy. When President Obama was in office, the attacks mostly came from the right. With President Trump in Office, the attacks mostly come from the left. Since March 2009, regardless of who was in [...]

26 06, 2019

Wesbury’s Outlook – This Crazy Rate Cut

By |2019-06-26T11:14:20-04:00June 26th, 2019|Fed Reserve, Financial, Governments, Interest Rates, Outlook, Uncategorized|0 Comments

The narrative that the U.S. economy is in trouble – some say teetering on the edge of recession - has become so powerful and persuasive that few investors give it a second thought. So of course, they believe, the Fed should cut interest rates. We haven't seen anything like it since the Fed was hiking [...]

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