20 10, 2020

GDP Soars in Third Quarter – Wesbury’s Outlook

By |2020-10-20T14:09:38-04:00October 20th, 2020|Economist, Financial, Media, Outlook, Policy, Spending, Trade, Uncategorized|0 Comments

There is nothing normal about the 2020 recession. Massive nationwide shutdowns of "non-essential" businesses caused real GDP to drop at a 31.4% annual rate in the second quarter, the biggest drop since the 1930s. However, as we expected, a V-shaped recovery is being traced out. On October 29th, in ten days, we expect a report [...]

17 08, 2020

Biden’s Tax Hike Agenda – Wesbury’s Outlook

By |2020-08-17T14:23:53-04:00August 17th, 2020|Economist, Financial, Media, Outlook, Policy|0 Comments

Election Day is eleven weeks from tomorrow. In political time, this is an eternity. However, with the White House, about one-third of the Senate, and the entire House of Representatives on the ballot, this election is significant. Particularly because the two presidential candidates have such stark differences in policy perspectives, especially with respect to taxes. [...]

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 [...]

29 06, 2020

Not Locking Down – Wesbury’s Outlook

By |2020-06-29T14:59:06-04:00June 29th, 2020|Economist, Financial, Media, Outlook|0 Comments

A resurgence of new Coronavirus cases around the country has created uncertainty for investors. Stock markets fell last week, not because of the virus, but because investors fear another round of economy-killing, government-mandated lockdowns. We don't expect that to happen, but when the government is involved, risks are definitely higher. After the peak in early [...]

1 06, 2020

More Green Shoots – Wesbury’s Outlook

By |2020-06-01T15:39:10-04:00June 1st, 2020|Economist, Financial, GDP, Governments, Media, Outlook, Uncategorized|0 Comments

A full recovery from the COVID-19/Shutdown Crisis is going to take a long time. We don't anticipate reaching a new peak for real GDP until the end of 2021; we don't anticipate a 4% unemployment rate until 2024. However, there is a growing amount of evidence that the economy may have hit bottom in May. [...]

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