4 08, 2020

Don’t Play GDP Politics – Wesbury’s Outlook

By |2020-08-04T11:02:57-04:00August 4th, 2020|Debt, Economist, Financial, Governments, Media, Outlook|0 Comments

These days, pretty much everything is hyper-political, including death rates from disease, wearing masks, opening schools, whether some demonstrations are "mostly peaceful" or "violent," and now GDP. Late last week, plenty of headlines blared that real GDP declined 32.9% in the second quarter, suggesting that our country's output of goods and services was roughly 1/3 [...]

7 07, 2020

The Economy and The Virus – Wesbury’s Outlook

By |2020-07-07T12:16:58-04:00July 7th, 2020|Debt, Employment, Financial, Media, Outlook|0 Comments

Not since the 1960s and 70s has the United States experienced social upheaval like it is experiencing today. We have protests (both peaceful and otherwise), and a massively divided political landscape. On top of that, we have a virus that is spreading across the country, creating fear and an acceptance of economic shutdowns. Originally, the [...]

30 03, 2020

The Coronavirus Threat – Wesbury’s Outlook

By |2020-03-30T12:39:27-04:00March 30th, 2020|Debt, Fear, Financial, GDP, Governments, International, Outlook|0 Comments

Total deaths in the US from COVID19 look like they'll hit at least 3,000 by the end of March. A potentially brutal April lies ahead. In the meantime, the measures taken to limit deaths have temporarily tanked the US economy. Initial claims for jobless benefits soared to 3.283 million per week, easily the highest ever. [...]

24 09, 2019

Fear the Spending, Not the Debt – Wesbury’s Outlook

By |2019-09-24T06:46:37-04:00September 24th, 2019|Debt, Interest Rates, Outlook, Policy, Spending|0 Comments

Never underestimate the ability of politicians to mess up a good thing. They're certainly trying in Washington, D.C. Unfortunately, many people are concerned about the wrong thing. Nice even numbers fascinate people, and through the first eleven months of this fiscal year (October 2018 through August 2019), the U.S. budget deficit was over $1 trillion [...]

10 04, 2019

Wesbury’s Outlook – Economy on Very Solid Ground

By |2019-04-10T10:42:37-04:00April 10th, 2019|Bullish, Debt, Fed Reserve, Financial, Governments, Outlook, Policy|0 Comments

What a difference a month makes. Last month many economists had pushed down their estimates for first quarter economic growth to near zero. The Atlanta Fed's "GDP Now" model was projecting real GDP growth at a 0.2% annual rate in Q1, which would have been the slowest growth since the weather-related negative reading in the [...]

19 03, 2019

Wesbury’s Outlook – Buybacks Aren’t the Problem!

By |2019-03-19T12:10:12-04:00March 19th, 2019|Debt, Financial, Governments, Outlook, Policy|0 Comments

The environment on Capitol Hill has made populism a bipartisan affair, with Republican Senator Marco Rubio now joining the fray with a call to tax corporate stock buybacks. His argument? Corporations are buying back stock instead of making productive investments. He's not alone in arguing that weak investment is the reason the economy isn't growing [...]

30 01, 2019

Wesbury’s Outlook – Don’t Obsess About the Fed

By |2019-01-30T16:47:10-05:00January 30th, 2019|Debt, Fed Reserve, Financial, Governments, Interest Rates, Outlook, Policy, Spending, Uncategorized|0 Comments

When it comes to monetary policy, one thing looks certain for 2019 - journalists, pundits, investors, and analysts will pay it way more attention than it deserves. The spotlight is currently on Wednesday, when the Federal Reserve will issue their first statement of the new year. The consensus expects no changes in rates, and we [...]

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