Brain Wesbury
@Wesbury0Chief Economist, First Trust Portfolios LP. The Antidote to Conventional Wisdom. Eagle Scout. Northwestern MBA. And, yes, I own a John Deere tractor!
Totally ludicrous. What about the State of the Union? A press conference? Such apparent obfuscation. DOJ claims it can't release Biden-Hur interview due to threat of AI deepfakes | Fox News foxnews.com/politics/doj-c…
How many Ph.D’s do we need to figure out why people have such short attention spans these days?
I agree with this. Long-term Treasury yields down 20 bps, oil down 9%, and equities not rallying is a worrisome sign. All of it seems to track back to fears of economic weakness. Also, a month ago Atlanta Fed GDPNow was 4.1% for Q2…now 1.8%
The fact that equities are not responding well to the renewed pullback in Treasury yields and the swaps market beginning to price in a September rate cut is signaling something important: that stock market investors are also becoming concerned about the economic slowdown and what…
LOL. If you were President and were told 3 million would die unless yadayada, what would you do? (By the way he could only persuade, Governors lock down). Blaming this on Trump is illogical. I wish he had pushed back, but the experts create fear and censorship.
Again illogic like this begins by skipping the inconvenient truth that what much of what Fauci was pushing during those dark days (lockdowns and that dreaded vax) was approved by the dude who occupied the White House. "Operation Warp Speed" anyone?
For the record, on COVID and Fauci…the chart below is what we knew in June, 2020. This data was the basis for the Great Barrington Declaration…which Fauci, et al decided to censor. They could have said don’t close schools, don’t lock down the economy…but they didn’t.
The Fed minted 40% more M2 and those of us who follow Friedman knew this would cause inflation. But inflation was still a surprise to most, because they dismiss Friedman. Well, when a recession happens, they will be surprised, too. Ignore money at your peril.
Well, what do you know? I guess restricting flow at the border isn’t the Republicans responsibility after all. Wow…any apologies forthcoming? Biden expected to unveil immigration order severely limiting asylum-seeker crossings | CNN Politics cnn.com/2024/06/03/pol…
Message to our young people. If you are setting up your life to depend on government, you are missing out on the greatest things in life. Government is boring and predictable, the free market is challenging and exciting. If you choose boring, if you choose accepting bribes, if…
Q: Why are liberals so outraged about flags flown at Justice Alito’s house by Justice Alito’s wife? A: Because they think these types of gestures are theirs and theirs alone. They do it all the time. Two examples below. Who needs to recuse themselves, and from what?
America was born to end Feudalism. But human nature, being what it is, means those who will abuse power never completely go away. One way to keep it in check is to cut the size of government until the power from being a Lord comes back more into line with the Peasants.
Can you say Martyr? I see never-Trumpers all over X who are outraged. And if Biden spikes the ball, it will backfire even more.
The Federal Reserve now has over $1 trillion in losses on its books, which represents 24 times its total capital. It also lost $26.8 billion last quarter (expenses over earnings) and now has total losses, which it calls a “deferred asset” of $160.4 billion. Taxpayers beware.
Here are federal tax receipts over the past 14 years. Three questions: 1) When exactly did revenues fall by trillions because of the Trump tax cuts? 2) How did revenues rise to a record during COVID? 3) How would Keynes justify a $2 trillion deficit in 2024?
Well, the 7-year Treasury auction was weak. Of course it was: the US is running massive deficits for no reason except to buy votes, inflation is higher than Fed thought it would be, and rate cuts, if they happen, will be political. It’s like the 1970s all over again.
And they actually think average Americans will accept this? Of course they won’t, because guess what? If it happens to someone else it could happen to you. America has returned to feudalism. Never thought it was possible.
...Merchan just delivered the coup de grace instruction. He said that there is no need to agree on what occurred. They can disagree on what the crime was among the three choices. Thus, this means that they could split 4-4-4 and he will still treat them as unanimous...
”We know printing money creates inflation, so when we print it we need to tell people ahead of time that corporate greed and Putin cause inflation. That way, we get away with it.” And, at the same time, dismiss Milton Friedman, because he already pre-bunked our de-bunking.
Monday Morning Outlook: Update on the housing market. ftportfolios.com/Commentary/Eco…
Here Rests in Honored Glory, A Comrade In Arms Known But to God Normandy American Cemetery, Colleville-sur-Mer, France. Happy Memorial Day…enjoy your freedom and honor those who defend it. Especially those who made the ultimate sacrifice.
The truly unfortunate reality is that our bureaucracy is entrenched and corrupt - and they do it with our money. WE MUST CUT THE SIZE OF GOVERNMENT! Not, just by a little. But, who will actually do it?
I used to think that Anthony Fauci was a mostly-well-intended but full-of-himself bureaucrat who condescended to the public. Now I think he's a villain who knowingly lied to the public about almost everything of importance about #COVID to protect his own and his friends'…
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