Wesbury’s Outlook – The Growing Deficit
The U.S. federal government reported last week that it ran a deficit of $214 billion in August, the fifth largest deficit for any single month in US history. The Congressional Budget Office thinks these numbers are consistent with a budget [...]
Michael Rogan – Magical Thinking and Investing
Many of you possess vast knowledge, from personal experience, on the subject of having teenagers in your life. I, on the other hand, am just beginning to learn. I’ve been recently musing on their ability to believe in fictions created [...]
Wesbury’s Outlook -Wage Growth Steps Up
Friday's jobs report finally included what appears to be evidence of the long-awaited acceleration in wage growth. Average hourly earnings grew 0.4% in August, which meant they were up 2.9% from a year ago, the largest 12-month increase since the [...]
Michael Rogan -The Myth of Risky vs. Safe
It is ingrained in our societal message regarding investments that stocks are risky and bonds are [...]
Wesbury’s Outlook – Pouting Pundits and the Kevlar Economy
In spite of woeful prognostications to the contrary, the US economy seems to be wearing Kevlar. Rate [...]
US Stops Subsidizing Global Growth
For decades the United States has, directly and indirectly, subsidized global growth. For example, after World War [...]
Michael Rogan – Follow Up to the Big Picture
In my last blog I mentioned I would follow up with example of not only why the [...]
Wesbury’s Outlook – Capitalism Works, Don’t Change It
"Wealth creation" versus "the redistribution of wealth" is an age-old political/economic battle. And once again, Senator Elizabeth [...]
Michael Rogan on The Big Picture
One of the hardest things for me to put aside when writing blogs and similar posts is [...]