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

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

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 [...]

Unsustainable – Wesbury’s Outlook

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

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 [...]

Jobs Are Booming – Wesbury’s Outlook

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

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 [...]

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|

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 [...]

Happy, Healthy, and Calm

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

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 [...]

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