Wesbury’s Outlook – Solid Growth to Finish 2018
Normally, the end of January sees the government's first estimate of real GDP growth for the fourth quarter. But with no end in sight for the shutdown, which has already seen numerous other data releases postponed – including figures on [...]
Wesbury’s Outlook- No Sign of Recession
Talk about destroying a narrative. On Friday, the Labor Department reported 312,000 new jobs in December, with an additional 58,000 from upward revisions to prior months. Recession talk got crushed. The Pouting Pundits of Pessimism claim jobs are a lagging [...]
Wesbury’s 2019 Outlook
Early in 2018 we said the US economy has gone from being a Plow Horse to Kevlar. Nothing that has been thrown at the economy since – neither trade conflicts nor tweets, not higher short-term interest rates nor the correction [...]
A Whole Lotta Noise – Michael Rogan
As we head into the last weekend before Christmas, the news outlets are busy trying to distract [...]
Wesbury’s Outlook – No Housing Bubble
Last week in the New York Times, Yale economist Robert Shiller wrote we are "experiencing one of [...]
Wesbury’s Outlook – The Long-Term Yield Conundrum
Last Friday, the 10-year Treasury Note closed at a yield of 2.85%. That's up from 2.41% at [...]
Wesbury’s Outlook – Scapegoating Powell
New Narrative Alert: Fed Chief Jerome Powell is to blame for the volatility in stocks. Back on [...]
Wesbury’s Outlook – Consumers Stay Strong
It's that time of the year again. Holiday sales data show surging online sales while foot traffic [...]
Wesbury’s Outlook -“Fading” Fiscal Stimulus; Really?
Fed Chair Jerome Powell and others have started a new narrative about economic "headwinds." They think past [...]