WHY WE PLAN – PODCAST
WHY WE PLAN – BLOG
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 [...]
Capitalism vs. Socialism – Wesbury’s Outlook
As we wrote last week, it's not possible to analyze the economy these days without focusing heavily on what government is doing. Between the Federal Reserve, fiscal policy, and COVID-related restrictions, little in our lives avoids governmental influences. The easiest [...]
Projecting Government – Wesbury’s Outlook
In an ideal world, analysts and investors wouldn't have to spend much time, perhaps none at all, trying to manage around changes in government policy. In that world, government – be it in terms of spending, taxes, or regulation – [...]
Who Will Be the Next Fed Chief? – Wesbury’s Outlook
One of the key decisions President Biden will make later this year is who is going to run the Federal Reserve for the next four years. Current Fed chief Jerome Powell's term as chairman runs out in February 2022. We [...]
There’s Nothing Normal About This Recovery- Wesbury’s Outlook
We keep hearing people make comparisons between this recovery and those of the past as if it's apples-to-apples. For example, comparing job growth today to job growth after the 2008-2009 Panic. All in an effort to make the case that [...]
Cryptocurrencies, SPACs, Robinhood/Reddit, the mania beat goes on. – Michael Rogan
If the Wizard of Oz were written today about “Investing Crazes du Jour”, Dorothy’s famous repetitive line may well be: “Cryptos, SPACs and Robinhood/Reddit, Oh My!!” As I begin my 36th year dispensing investment advice, I marvel at the consistency [...]
Unsustainable – Wesbury’s Outlook
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 [...]