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 [...]

8 12, 2020

2021: Robust Growth, Higher Inflation – Wesbury’s Outlook

By |2020-12-08T17:05:37-05:00December 8th, 2020|Debt, Economist, Employment, Fear, Financial, Outlook, Policy|0 Comments

The COVID-19 Recession is the weirdest we've ever had. There is no way anyone could have forecast it. It did not happen because the Fed was too tight. It did not happen because of a trade war. It was self-inflicted, caused by COVID shutdowns. And, in spite of a V-shaped bounce off the bottom – [...]

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 [...]

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