WHY WE PLAN – PODCAST
WHY WE PLAN – BLOG
Recession Unlikely in 2022 – Wesbury’s Outlook
The consensus among economists puts the odds of a recession starting sometime in the next year at 30%, according to Bloomberg's most recent survey. No wonder the S&P 500 is deep in correction territory and flirting with an official bear [...]
Focus on the Money, Not Rates – Wesbury’s Outlook
No one can say that the Federal Reserve can't do the impossible. At long last observers from across the political spectrum agree on one thing – that Jerome Powell and the Fed are well behind the inflation curve and have [...]
We Are All Keynesians Now – Wesbury’s Outlook
ntellectuals and politicians often try to verbally summarize or justify conventional thinking in pithy ways. Milton Friedman (in 1965) and Richard Nixon (in 1971) both said different versions of the phrase "we are all Keynesians now." John Maynard Keynes, one [...]
Thoughts on Ukraine – Wesbury’s Outlook
They say the truth is the first casualty of war...so, here we are about one week into the Russian invasion of Ukraine and the fog of war is still very thick. Over the past few weeks, it has been conventional [...]
Who Gets the Blame for Inflation? – Wesbury’s Outlook
Consumer prices rose 7.0% in 2021, the largest increase for any calendar year since 1981. As a result, politicians across the political spectrum are working overtime to find someone to blame and attack. Some politicians on the left are blaming [...]
Welcome to 2022: The Winds of Change – Wesbury’s Outlook
Welcome to 2022! We can't imagine a more transformative year for America. After two years of unprecedented government actions, the winds of change are blowing hard. The economy has been buffeted by short-term factors since 2020; this year, long-term fundamentals [...]
Slower Growth in Q3 – Wesbury’s Outlook
Keynesianism can temporarily giveth, but ultimately always taketh away...and then some. When the US fell into the COVID crisis, the federal government went on a massive spending binge. Pre-COVID, in the twelve months through March 2020, federal outlays were $4.6 [...]
Focus on Data, Not Spin – Wesbury’s Outlook
In 2009, after overly strict mark-to-market accounting rules were altered, we said the Financial Crisis was over. It was hard to get our voice heard, though, because both sides of the political aisle were busy saying the economy stunk. Political [...]
5000 – Wesbury’s Outlook
We've been consistently bullish on stocks since 2009. This bullishness has paid off, although not every year; stocks fell in 2015 and 2018. But, since 2009, the market has rebounded from every correction. Why have we stayed bullish? Because our [...]