27 03, 2018

Wesbury’s Outlook – When Volatility is Just Volatility

By | 2018-03-27T10:49:11+00:00 March 27th, 2018|Bullish, Fed Reserve, Financial, Governments, International, Policy, Taxes|0 Comments

Stock market volatility scares people.  But, volatility itself isn't necessarily bad.  Only if there are fundamental economic problems, something that could cause a recession, would we think volatility itself is a warning sign. So, we watch the Four Pillars.  These Pillars – monetary policy, tax policy, spending & regulatory policy, and trade policy – are [...]

20 03, 2018

Wesbury’s Outlook – The Powell Fed: A New Era

By | 2018-03-20T21:43:49+00:00 March 20th, 2018|Bullish, Fed Reserve, Financial, Governments, International, Policy, Taxes|0 Comments

In the history of the NCAA Basketball Tournament, a 16th seed has never, ever, beaten a one seed...until this year.  But, on Friday, the University of Maryland, Baltimore County (UMBC) beat the University of Virginia – not just a number one seed, but the top ranked team in the USA. We don't expect the unexpected, [...]

14 03, 2018

Wesbury’s Outlook – Stay Invested: Economy Looks Good

By | 2018-03-14T10:31:56+00:00 March 14th, 2018|Bullish, Fed Reserve, Financial, Governments, International, Policy, Taxes|0 Comments

The current recovery started in June 2009, 105 months ago, making it the third longest recovery in U.S. history. The longest – a 120-month recovery in the 1990s – saw real GDP expand an annual average of 3.6%.  The current recovery has experienced just a 2.2% average annual growth rate – what we have referred [...]

5 03, 2018

Wesbury’s Outlook – Harleys, Bourbon & Denim

By | 2018-03-05T20:55:13+00:00 March 5th, 2018|Bullish, Fed Reserve, Financial, Governments, International, Policy, Taxes|0 Comments

The US doesn't face "secular stagnation" caused by outside or uncontrollable forces, like foreigners (and bad trade deals), technology that steals jobs, or Unions that are too weak.  Growth is slow because government has grown too big. In 2000, non-defense government spending was just 14.7% of GDP.  President Bush's "compassionate conservatism" - followed by TARP, [...]

2 01, 2018

Wesbury’s Outlook – Revolution

By | 2018-01-02T13:20:42+00:00 January 2nd, 2018|Financial, Governments, Interest Rates, Policy, Taxes|0 Comments

One word that could describe Donald Trump's unexpected ascendancy to the presidency is – "revolt."  Revolt against the "establishment."  Revolt against the "status quo." After all, status quo bureaucracies, tax rates, institutions, regulations, and narratives promised prosperity, yet the economy was mired in slow growth and many felt it was hard to get ahead.  Reliably [...]

27 12, 2017

Wesbury’s Outlook – Greedy Innkeeper or Generous Capitalist?

By | 2017-12-27T14:00:08+00:00 December 27th, 2017|Bullish, Financial, Governments, Interest Rates, Taxes|0 Comments

Posted Under: Monday Morning Outlook The Bible story of the virgin birth is at the center of much of the holiday cheer this time of year.  The book of Luke tells us that Mary and Joseph traveled to Bethlehem because Caesar Augustus decreed a census should be taken.  Mary gave birth after arriving in Bethlehem [...]

18 12, 2017

Wesbury’s Monday Outlook – So Far, So Good

By | 2017-12-18T12:45:03+00:00 December 18th, 2017|Bullish, Financial, Governments, Interest Rates, Taxes|0 Comments

Posted Under: Bullish • GDP • Government • Markets • Monday Morning Outlook • Interest Rates • Spending • Taxes • Stocks Last December we wrote "we finally have more than just hope to believe that this year, 2017, is the year the Plow Horse Economy finally gets a spring in its step." We expected real GDP growth to accelerate from 2.0% in 2016 to "about 2.6%" in 2017.  Our optimism [...]