5 04, 2022

We Are All Keynesians Now – Wesbury’s Outlook

By |2022-04-05T07:34:23-04:00April 5th, 2022|Debt, Economist, Fed Reserve, Financial, Governments, Media, Outlook, Policy|0 Comments

ntellectuals and politicians often try to verbally summarize or justify conventional thinking in pithy ways. Milton Friedman (in 1965) and Richard Nixon (in 1971) both said different versions of the phrase "we are all Keynesians now." John Maynard Keynes, one of the most famous economists of all time, supported deficit spending and government manipulation of [...]

28 02, 2022

Thoughts on Ukraine – Wesbury’s Outlook

By |2022-02-28T17:25:47-05:00February 28th, 2022|Economist, Fear, Fed Reserve, Governments, International, Outlook, Policy, Trade|0 Comments

They say the truth is the first casualty of war...so, here we are about one week into the Russian invasion of Ukraine and the fog of war is still very thick. Over the past few weeks, it has been conventional wisdom that Russia would take parts of Ukraine (maybe all) and then things would settle [...]

19 01, 2022

Who Gets the Blame for Inflation? – Wesbury’s Outlook

By |2022-01-19T13:04:14-05:00January 19th, 2022|Economist, Fear, Fed Reserve, Financial, Governments, Interest Rates, Media, Outlook, Policy|0 Comments

Consumer prices rose 7.0% in 2021, the largest increase for any calendar year since 1981. As a result, politicians across the political spectrum are working overtime to find someone to blame and attack. Some politicians on the left are blaming "greedy" businesses for inflation. But we find this explanation completely ridiculous. Of course, businesses are [...]

4 01, 2022

Welcome to 2022: The Winds of Change – Wesbury’s Outlook

By |2022-01-04T08:01:02-05:00January 4th, 2022|Economist, Financial, Governments, International, Media, Outlook|0 Comments

Welcome to 2022! We can't imagine a more transformative year for America. After two years of unprecedented government actions, the winds of change are blowing hard. The economy has been buffeted by short-term factors since 2020; this year, long-term fundamentals should re-assert themselves as the most important drivers of economic and financial performance. First, the [...]

29 06, 2021

Who Will Be the Next Fed Chief? – Wesbury’s Outlook

By |2021-06-29T00:55:13-04:00June 29th, 2021|Debt, Economist, Fed Reserve, Financial, Governments, Interest Rates, Outlook, Policy|0 Comments

One of the key decisions President Biden will make later this year is who is going to run the Federal Reserve for the next four years. Current Fed chief Jerome Powell's term as chairman runs out in February 2022. We think the choice will ultimately come down to two people: Roger Ferguson or Jerome Powell. [...]

7 04, 2021

Jobs Are Booming – Wesbury’s Outlook

By |2021-04-07T00:39:12-04:00April 7th, 2021|Debt, Economist, Fear, Financial, Governments, International, Outlook, Spending|0 Comments

When the scientists said "15 days to slow the spread," some of us actually believed that by Easter the shutdowns would end. That was last year. Now, a full year, and $5 trillion in government spending later, we may finally be getting our wish. On Good Friday, the Bureau of Labor Statistics released the March [...]

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 [...]

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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