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 [...]

11 02, 2019

Wesbury’s Outlook – Where’s the Recession?

By |2019-02-11T16:23:42-04:00February 11th, 2019|Fed Reserve, Interest Rates, Outlook, Policy, Spending|0 Comments

Whatever happened to the recession calls? Seems like just a few weeks ago that the correction in the stock market as well as the partial government shutdown had convinced many analysts and investors the US was about to enter a recession. Fortunately, the data haven't cooperated. Ten days ago we got the employment report for [...]

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 [...]

23 10, 2018

Wesbury’s Outlook – Robust Growth Continues

By |2018-10-23T04:30:39-04:00October 23rd, 2018|Fed Reserve, Financial, Interest Rates, Media|0 Comments

Economic growth continued at a robust rate in the third quarter, supporting the case for both a continued bull market in stocks and further rate hikes from the Fed. While we might make minor adjustments when we get Thursday's data on durable goods, international trade, and inventories, right now our model forecasts real GDP expanded [...]

2 10, 2018

Wesbury’s Outlook- No Looming Recession

By |2018-10-02T15:31:58-04:00October 2nd, 2018|Financial, Interest Rates, Media|0 Comments

As far as Harvard economist Martin Feldstein is concerned, we're all doomed. Feldstein says that the low interest rates of the last several years have created a stock market bubble rivaling the housing bubble that precipitated the last crisis. As interest rates keep rising, he says, the stock market bubble will eventually burst, sending the [...]

18 09, 2018

Wesbury’s Outlook – The Growing Deficit

By |2018-09-18T10:47:47-04:00September 18th, 2018|Governments, Interest Rates, Policy, Spending, Taxes|0 Comments

The U.S. federal government reported last week that it ran a deficit of $214 billion in August, the fifth largest deficit for any single month in US history. The Congressional Budget Office thinks these numbers are consistent with a budget deficit of about $800 billion for Fiscal Year 2018, which ends September 30. If so, [...]

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