9 11, 2020

No Wave is Good News For Stocks- Wesbury’s Outlook

By |2020-11-09T19:27:38-05:00November 9th, 2020|Economist, Fear, Financial, Media, Outlook, Policy|0 Comments

While the election is still not certified, and court battles will drag on, it appears that we can draw two firm conclusions from the 2020 election. First, the pollsters were horribly wrong again. Secondly, American voters do not want a radical shift in economic policy. While Vice President Biden declared victory based on statistical evidence [...]

20 10, 2020

GDP Soars in Third Quarter – Wesbury’s Outlook

By |2020-10-20T14:09:38-04:00October 20th, 2020|Economist, Financial, Media, Outlook, Policy, Spending, Trade, Uncategorized|0 Comments

There is nothing normal about the 2020 recession. Massive nationwide shutdowns of "non-essential" businesses caused real GDP to drop at a 31.4% annual rate in the second quarter, the biggest drop since the 1930s. However, as we expected, a V-shaped recovery is being traced out. On October 29th, in ten days, we expect a report [...]

17 08, 2020

Biden’s Tax Hike Agenda – Wesbury’s Outlook

By |2020-08-17T14:23:53-04:00August 17th, 2020|Economist, Financial, Media, Outlook, Policy|0 Comments

Election Day is eleven weeks from tomorrow. In political time, this is an eternity. However, with the White House, about one-third of the Senate, and the entire House of Representatives on the ballot, this election is significant. Particularly because the two presidential candidates have such stark differences in policy perspectives, especially with respect to taxes. [...]

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 [...]

22 01, 2020

Moderate Growth in Q4 – Wesbury’s Outlook

By |2020-01-22T15:40:59-05:00January 22nd, 2020|Bullish, Employment, Fed Reserve, Financial, Interest Rates, Outlook, Policy, Uncategorized|0 Comments

Back in mid-November, the highly respected GDP forecasting model from the Atlanta Federal Reserve Bank (also known as "GDP Now"), estimated that real GDP would only grow at a 0.3% annual rate in the fourth quarter, which, if accurate, would have been the slowest growth for any quarter since 2015. At the time, we were [...]

9 12, 2019

Good News is Good News – Wesbury’s Outlook

By |2019-12-09T13:30:49-05:00December 9th, 2019|Bullish, Employment, Financial, Outlook, Policy|0 Comments

A year ago, conventional wisdom became convinced that a stock market correction was really the beginning of a "bear market," and a sure sign that recession was on its way. Oops. Conventional wisdom was wrong again. The Pouting Pundits still talk about ISM surveys being weak, and fret that a trade war is brewing. But, [...]

4 11, 2019

No Recession on the Horizon – Wesbury’s Outlook

By |2019-11-04T16:13:33-05:00November 4th, 2019|Fed Reserve, Financial, GDP, Interest Rates, Outlook, Policy|0 Comments

Since the earliest days of the current economic expansion, there have been naysayers asserting the US was on the brink of another recession. Remember all the fear about another wave of home foreclosures, or a disaster in commercial real estate, or the Fiscal Cliff, or Greece potentially leaving the Eurozone, or German bank defaults, or [...]

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