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 [...]

22 01, 2018

Wesbury’s Outlook – No More Plow Horse

By | 2018-01-22T14:51:07+00:00 January 22nd, 2018|Bullish, Financial, Governments, Interest Rates|0 Comments

We've called the slow, plodding economic recovery from mid-2009 through early 2017 a Plow Horse.  It wasn't a thoroughbred, but it wasn't going to keel over and die either.  Growth trudged along at a sluggish – but steady - 2.1% average annual rate. Thanks to improved policy out of Washington, the Plow Horse has picked [...]

8 01, 2018

Wesbury’s Outlook – Bond Bull-Market Is Over

By | 2018-01-08T14:29:07+00:00 January 8th, 2018|Bullish, Financial, Governments, Interest Rates|0 Comments

Bonds have been in a "bull market" for the past thirty-seven years.  Not every quarter, or every month, but bond yields have fallen consistently since Paul Volcker ended the inflation of the 1970s. And just like any long-term bull market or bubble justifications proliferate.  The current 10-year Treasury yield is 2.46%, which equates to a [...]

2 01, 2018

Wesbury’s Outlook – Revolution

By | 2018-01-02T13:20:42+00:00 January 2nd, 2018|Financial, Governments, Interest Rates, Policy, Taxes|0 Comments

One word that could describe Donald Trump's unexpected ascendancy to the presidency is – "revolt."  Revolt against the "establishment."  Revolt against the "status quo." After all, status quo bureaucracies, tax rates, institutions, regulations, and narratives promised prosperity, yet the economy was mired in slow growth and many felt it was hard to get ahead.  Reliably [...]

27 12, 2017

Wesbury’s Outlook – Greedy Innkeeper or Generous Capitalist?

By | 2017-12-27T14:00:08+00:00 December 27th, 2017|Bullish, Financial, Governments, Interest Rates, Taxes|0 Comments

Posted Under: Monday Morning Outlook The Bible story of the virgin birth is at the center of much of the holiday cheer this time of year.  The book of Luke tells us that Mary and Joseph traveled to Bethlehem because Caesar Augustus decreed a census should be taken.  Mary gave birth after arriving in Bethlehem [...]

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