20 06, 2018

Wesbury’s Outlook- Bonds Misjudge the Future

By | 2018-06-20T09:19:32+00:00 June 20th, 2018|Financial, Interest Rates|0 Comments

We've always been skeptical that bond yields carry deep meaning about the future. Low Treasury bond yields in recent years were said to be a signal of slower growth, or possibly a recession, ahead. And the bond world said stocks were over-valued. Clearly, the forecasted recession never came. Not only is the economy accelerating, but [...]

30 05, 2018

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

By | 2018-05-30T09:41:53+00:00 May 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 [...]

10 04, 2018

Wesbury’s Outlook – A Generation of Interest Rate Illiterates

By | 2018-04-10T09:34:27+00:00 April 10th, 2018|Fed Reserve, Financial, Governments, Interest Rates|0 Comments

An entire generation of investors has been misled about interest rates: where they come from, what they mean, how they're determined. Lots of this confusion has to do with the role of central banks.  Many think central banks, like the Fed, control all interest rates.  This isn't true.  They can only control short-term rates.  It's [...]

26 02, 2018

Wesbury’s Outlook – Deficits, the Fed, and Rates

By | 2018-02-26T14:26:53+00:00 February 26th, 2018|Bullish, Fed Reserve, Financial, Governments, Interest Rates|0 Comments

Forgive us our incredulity.  The bond vigilantes were certain that as the Federal Reserve hiked short-term rates, long-term interest rates would barely budge, the yield curve would invert, and the economy would fall into recession. That theory has been blown to smithereens, so now we hear that it's rising long-term rates that will cause a [...]

9 02, 2018

This is just a correction….

By | 2018-02-09T13:20:00+00:00 February 9th, 2018|Financial, Interest Rates|0 Comments

Posted Under: Bullish • Government • Markets • Research Reports • Fed Reserve • Interest Rates • Spending • Taxes • Stocks   Last year US stock markets experienced the least volatile year on record, hitting new highs seemingly every day.  Then came the tax reform bill to end 2017, and a huge January with the S&P 500 rising 5.6%.  Investors, especially individuals who finally became convinced that the rally would [...]

5 02, 2018

Wesbury’s Outlook – New Policies, New Path

By | 2018-02-05T22:17:30+00:00 February 5th, 2018|Financial, Interest Rates|0 Comments

Back in the 1970s, supporters of the status quo said there was nothing to be done about stagflation (high inflation and slow growth).  It was a "fact of life" that Americans had to accept after experiencing faster growth and lower inflation during the decades immediately following World War II. Then, along came the supply-side and [...]

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