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So far R&A has created 98 blog entries.
21 11, 2018

Wesbury’s Outlook -“Fading” Fiscal Stimulus; Really?

By |2018-11-21T00:08:21-04:00November 21st, 2018|Uncategorized|0 Comments

Fed Chair Jerome Powell and others have started a new narrative about economic "headwinds." They think past rate hikes, slower foreign growth, and "fading fiscal stimulus" should slow the Fed's rate hikes. But is fiscal stimulus really fading? Powell and others think the growth benefits of both the 2018 tax cuts and increased federal spending [...]

6 11, 2018

Wesbury’s Outlook – The Plentiful Job Market

By |2018-11-06T09:50:39-04:00November 6th, 2018|Uncategorized|0 Comments

Growth is determined by a perpetual tug-of-war between entrepreneurship and government redistribution. When President Obama was in office, we believed incredible technological innovation would allow for economic growth in spite of Obamacare, greater redistribution, higher taxes and increased regulatory burdens. We thought it would be a Plow Horse Economy, and that things would get better [...]

29 10, 2018

Adam Lucke – October Market Scaries

By |2018-10-28T11:33:50-04:00October 29th, 2018|Financial, Uncategorized|0 Comments

October Market Scaries As most of you know, we’ve advocated for many years that you not pay attention to the daily drivel of the financial media but rather focus on more important things like your family and friends. For the hundreds of you who have experienced the benefit of following that advice, read no further [...]

25 10, 2018

Wesbury- Stocks Are Still Cheap

By |2018-10-25T16:51:02-04:00October 25th, 2018|Uncategorized|0 Comments

Conventional wisdom says the stock market rally is over. We wholeheartedly disagree. These doomsayers are focused on three specific things they claim spell the end: 1) the Fed lifting rates, 2) trade wars, and 3) the midterm elections. So let's break down the issues, one by one, and show why fears are overblown. Tune out [...]

23 10, 2018

Wesbury’s Outlook – Robust Growth Continues

By |2018-10-23T04:30:39-04:00October 23rd, 2018|Fed Reserve, Financial, Interest Rates, Media|0 Comments

Economic growth continued at a robust rate in the third quarter, supporting the case for both a continued bull market in stocks and further rate hikes from the Fed. While we might make minor adjustments when we get Thursday's data on durable goods, international trade, and inventories, right now our model forecasts real GDP expanded [...]

8 10, 2018

Wesbury’s Outlook – Powell Moves Markets

By |2018-10-08T18:25:59-04:00October 8th, 2018|Uncategorized|0 Comments

Federal Reserve Board Chairman, Jerome Powell, who has been remarkably quiet as he adjusts to his new role at the Fed, finally roiled markets last week. He made comments on Wednesday, during the Atlantic Festival at a session moderated by Judy Woodruff of the PBS News Hour. Powell said, "The really extremely accommodative low interest [...]

2 10, 2018

Wesbury’s Outlook- No Looming Recession

By |2018-10-02T15:31:58-04:00October 2nd, 2018|Financial, Interest Rates, Media|0 Comments

As far as Harvard economist Martin Feldstein is concerned, we're all doomed. Feldstein says that the low interest rates of the last several years have created a stock market bubble rivaling the housing bubble that precipitated the last crisis. As interest rates keep rising, he says, the stock market bubble will eventually burst, sending the [...]

18 09, 2018

Wesbury’s Outlook – The Growing Deficit

By |2018-09-18T10:47:47-04:00September 18th, 2018|Governments, Interest Rates, Policy, Spending, Taxes|0 Comments

The U.S. federal government reported last week that it ran a deficit of $214 billion in August, the fifth largest deficit for any single month in US history. The Congressional Budget Office thinks these numbers are consistent with a budget deficit of about $800 billion for Fiscal Year 2018, which ends September 30. If so, [...]

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