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 [...]

24 07, 2018

Wesbury’s Outlook- Economy Surges in Q2

By |2018-07-24T13:20:33-04:00July 24th, 2018|Bullish, Debt, Financial, Taxes|0 Comments

Economic growth surged in the second quarter this year. The only question is, by how much? Predicting this Friday's GDP report is trickier than usual. First, it's the initial report for the quarter. Second, we have to wait until Thursday for key data on exports and imports, which is particularly important because the trade sector [...]

30 05, 2018

Wesbury’s Outlook – Higher Rates Won’t Cause Debt Spiral

By |2018-05-30T09:41:53-04:00May 30th, 2018|Debt, Financial, Interest Rates, Policy|0 Comments

For decades, investors have feared the national debt growing to unsustainable levels and destroying the US economy. Back in 1981, the public debt of the federal government was $1 trillion; today it's more than $21 trillion. At some point, their theory goes, additional debt is going to be the fiscal straw that breaks the camel's [...]