7 07, 2020

The Economy and The Virus – Wesbury’s Outlook

By |2020-07-07T12:16:58-04:00July 7th, 2020|Debt, Employment, Financial, Media, Outlook|0 Comments

Not since the 1960s and 70s has the United States experienced social upheaval like it is experiencing today. We have protests (both peaceful and otherwise), and a massively divided political landscape. On top of that, we have a virus that is spreading across the country, creating fear and an acceptance of economic shutdowns. Originally, the [...]

29 06, 2020

Not Locking Down – Wesbury’s Outlook

By |2020-06-29T14:59:06-04:00June 29th, 2020|Economist, Financial, Media, Outlook|0 Comments

A resurgence of new Coronavirus cases around the country has created uncertainty for investors. Stock markets fell last week, not because of the virus, but because investors fear another round of economy-killing, government-mandated lockdowns. We don't expect that to happen, but when the government is involved, risks are definitely higher. After the peak in early [...]

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. [...]

4 05, 2020

Light at the End of the Tunnel – Wesbury’s Outlook

By |2020-05-04T21:07:42-04:00May 4th, 2020|Media, Outlook|0 Comments

When the employment report for April is released this Friday, the economic damage from the deepest of the Coronavirus shutdowns will become clear. We estimate that nonfarm payrolls will be down roughly 22 million versus March, and the unemployment rate will skyrocket to around 17.0%, the highest reading since at least 1948. To put that [...]

30 03, 2020

The Coronavirus Threat – Wesbury’s Outlook

By |2020-03-30T12:39:27-04:00March 30th, 2020|Debt, Fear, Financial, GDP, Governments, International, Outlook|0 Comments

Total deaths in the US from COVID19 look like they'll hit at least 3,000 by the end of March. A potentially brutal April lies ahead. In the meantime, the measures taken to limit deaths have temporarily tanked the US economy. Initial claims for jobless benefits soared to 3.283 million per week, easily the highest ever. [...]

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 [...]

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