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GDP Growth

Wesbury’s Monday Morning Outlook: Moderate Growth for Q2
Date: July 24, 2017
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Since the start of the economic recovery in mid-2009, real GDP has grown at an average annual rate of 2.1%. The second quarter of this year doesn’t look much different. Our calculations suggest real GDP grew at a 2.5% annual rate in Q2, exactly the same as the consensus forecast. That’s an acceleration from the […]

Wesbury’s Monday Morning Outlook: Hey Government: It’s Time to Get Serious!
Date: July 17, 2017
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At eight years, the current economic recovery is the third longest on record. Personal income, consumer spending, household assets, and net worth, are all at record highs. Stock markets are at record highs. Corporate profits are within striking distance of their all-time highs. Federal tax receipts are at record highs. So, how is it possible […]

Wesbury’s Monday Morning Outlook: Debt-Laden Companies? #FakeNews?
Date: July 10, 2017
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Remember the weak May payroll report – just 138,000?  Didn’t think so.  But, back then, that first report on May was reported as a massive economic slowdown that should stop the Fed from further rate hikes. But the weak May number was due to a calendar quirk that led to an undercount of college kids […]

Wesbury’s Monday Morning Outlook: Does Growth Kill or Is There No Growth?
Date: October 18, 2016
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Two weekend articles, in major US newspapers, left us shaking our heads. The Washington Post wrote that “economic growth actually kills people,” while The Wall Street Journal published a piece saying, ironically, we should get used to slow growth – it’s normal. Both are ridiculous. First, The Washington Post cited statistical studies that blame premature […]

Velocity May Be Picking Up
Date: February 22, 2016
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Brian Wesbury’s Monday Morning Outlook article: One of the reasons the current economic expansion has been a Plow Horse rather than a Race Horse is the lack of monetary velocity, which is how fast money circulates through the economy. Velocity has been slow for a lot of reasons, including banks rebuilding capital after 2008-09, Dodd-Frank, […]