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 [...]

2 04, 2019

Wesbury’s Outlook – Don’t Cut Rates, Cut Spending

By |2019-04-02T14:23:45-04:00April 2nd, 2019|Financial, Interest Rates, Outlook, Spending|0 Comments

We've been "Comrades in Supply-side Arms" with Stephen Moore (now a Federal Reserve nominee) and Larry Kudlow (Administration Economist) for decades, with very few disagreements on economic policy. However, with both having called for a 50 basis point cut in short-term rates, we find ourselves in total disagreement with their conclusion. They both make supply-side [...]

26 03, 2019

Wesbury’s Outlook – The Wizard of Oz

By |2019-03-26T13:45:28-04:00March 26th, 2019|Financial, Governments, Media, Outlook, Policy|0 Comments

It feels like we are living in the Land of Oz and the Fed is the "all-powerful" wizard in control. From just about every significant group of thought leaders – the press, politicians, economists, analysts, and government officials – the narrative of the past twelve years has been all about government and nothing about 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 [...]

20 02, 2019

Wesbury’s Outlook – How TARP and QE Led to the “Green New Deal”

By |2019-02-20T15:17:49-04:00February 20th, 2019|Financial, Governments, Outlook, Policy|0 Comments

The most important quote from the Financial Panic of 2008 came from President Bush: "I've abandoned free market principles to save the free market system." The quote came in defense of TARP, the $700 billion bailout of the banking system, which many still mistakenly believe prevented another Great Depression. Many also think Quantitative Easing, the [...]

30 01, 2019

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

By |2019-01-30T16:47:10-04:00January 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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