16 05, 2022

Recession Unlikely in 2022 – Wesbury’s Outlook

By |2022-05-16T15:25:25-04:00May 16th, 2022|Economist, Fed Reserve, Interest Rates, International, Media, Outlook, Policy, Spending, Taxes|0 Comments

The consensus among economists puts the odds of a recession starting sometime in the next year at 30%, according to Bloomberg's most recent survey. No wonder the S&P 500 is deep in correction territory and flirting with an official bear market. We think the near-term pessimism is overdone. Yes, a recession is likely on the [...]

26 04, 2022

Focus on the Money, Not Rates – Wesbury’s Outlook

By |2022-04-26T10:49:54-04:00April 26th, 2022|Debt, Economist, Fear, Fed Reserve, Financial, Interest Rates, Outlook, Policy, Spending, Taxes|0 Comments

No one can say that the Federal Reserve can't do the impossible. At long last observers from across the political spectrum agree on one thing – that Jerome Powell and the Fed are well behind the inflation curve and have a lot of catching up to do. These days, that's virtually impossible. Consumer prices are [...]

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 [...]

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. [...]

17 05, 2021

Unsustainable – Wesbury’s Outlook

By |2021-05-17T17:00:25-04:00May 17th, 2021|Economist, Financial, Interest Rates, Media, Outlook, Policy, Spending|0 Comments

The US economy is recovering rapidly from the COVID-19 disaster. The rollout of vaccines, the lifting of restrictions, loose monetary policy, and a massive increase in government spending are all playing their parts. The problem is that the massive government "stimulus" checks have put the economy in a strange position, where retail sales are far [...]

16 03, 2021

Inflation and the Fed – Wesbury’s Outlook

By |2021-03-16T15:03:53-04:00March 16th, 2021|Debt, Economist, Fed Reserve, Financial, GDP, Interest Rates, Outlook, Policy|0 Comments

We believe inflation is still, and always will be, a monetary phenomenon. It is defined as "too much money chasing too few goods and services" – but that doesn't mean every period of higher inflation is going to look exactly the same. Today's case for higher inflation is easy to understand. The M2 measure of [...]

16 03, 2020

Fed Fires Bazooka at Coronavirus – Brian Wesbury

By |2020-03-16T13:42:05-04:00March 16th, 2020|Fear, Fed Reserve, Governments, Interest Rates, Media, Outlook|0 Comments

Brian S. Wesbury, Chief Economist Robert Stein, Deputy Chief Economist Date: 3/16/2020 Back in July 2008, then-Treasury Secretary Hank Paulson said he wanted a "bazooka" to deal with financial threats to Fannie Mae and Freddie Mac. Paulson wanted Congress to give him an unlimited credit line for these enterprises. This time around, it's the Federal [...]

24 02, 2020

Yes, There Was a Housing Bubble, But Not Now – Wesbury’s Outlook

By |2020-02-24T22:22:28-05:00February 24th, 2020|Financial, Interest Rates, Outlook, Policy|0 Comments

One of the worst bipartisan policy decisions in the past generation was the aggressive government push in the 1990s and 2000s to promote homeownership, beyond what the free market could handle. Policymakers encouraged Fannie Mae and Freddie Mac to gobble up lots of subprime debt, in turn boosting lending to borrowers who couldn't handle their [...]

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