Time to Fear the Coronavirus? – Brian Wesbury

February 25th, 2020|0 Comments

Monday, fear over the Coronavirus finally gripped investors, as both the Dow Jones Industrial Average and the S&P 500 index fell over 3% - the largest daily declines in two years. These drops wiped out all the gains for the [...]

Moderate Growth in Q4 – Wesbury’s Outlook

January 22nd, 2020|0 Comments

Back in mid-November, the highly respected GDP forecasting model from the Atlanta Federal Reserve Bank (also known as "GDP Now"), estimated that real GDP would only grow at a 0.3% annual rate in the fourth quarter, which, if accurate, would [...]

S&P 3650, Dow 32500 – Wesbury’s Outlook

December 16th, 2019|0 Comments

A year ago, we projected the S&P 500 would hit 3100 at the end of 2019. In spite of the swoon in equities in the fourth quarter of last year, we didn't see a recession coming and our model for [...]

Good News is Good News – Wesbury’s Outlook

December 9th, 2019|0 Comments

A year ago, conventional wisdom became convinced that a stock market correction was really the beginning of a "bear market," and a sure sign that recession was on its way. Oops. Conventional wisdom was wrong again. The Pouting Pundits still [...]

No Recession on the Horizon – Wesbury’s Outlook

November 4th, 2019|0 Comments

Since the earliest days of the current economic expansion, there have been naysayers asserting the US was on the brink of another recession. Remember all the fear about another wave of home foreclosures, or a disaster in commercial real estate, [...]

Repo Turmoil – Wesbury’s Outlook

October 1st, 2019|0 Comments

In Ronald Reagan's famous A Time For Choosing speech in 1964, he said "...the more the plans fail, the more the planners plan." We were reminded of this recently after pundits freaked out when the New York Federal Reserve injected [...]

Fear the Spending, Not the Debt – Wesbury’s Outlook

September 24th, 2019|0 Comments

Never underestimate the ability of politicians to mess up a good thing. They're certainly trying in Washington, D.C. Unfortunately, many people are concerned about the wrong thing. Nice even numbers fascinate people, and through the first eleven months of this [...]

We’re All Keynesians Now – Wesbury’s Outlook

September 17th, 2019|0 Comments

"We are all Keynesians now," is a phrase that caught on in the late 1960s and early 1970s, variously attributed to Milton Friedman and President Richard Nixon. Uncle Milty was commenting on the general political/economic environment, not saying he was [...]