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." [...]

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 [...]

29 04, 2019

Wesbury’s Outlook – Goodbye Recession Fears

By |2019-04-29T18:00:40-04:00April 29th, 2019|Financial, Governments, Media, Outlook, Policy|0 Comments

Less than two months ago, conventional wisdom thought the US economy was in real trouble. The consensus expected real GDP would barely grow, if at all, in the first quarter of 2019. Many were in a tizzy about the "second derivative," of growth, obsessing that near zero growth in Q1 would mean three straight quarters [...]

26 04, 2019

Wesbury’s Outlook – Resilient Economy

By |2019-04-26T10:16:20-04:00April 26th, 2019|Financial, GDP, Outlook|0 Comments

It wasn't that long ago that some economists and investors were seriously concerned about US growth going negative for the first quarter. Now, based on our calculations, which we discuss below, it looks like real GDP grew at a respectable 2.6% annual rate in Q1, meaning that US real output was 3.1% larger than Q1-2018. [...]

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