As the odds of a Bush victory fell in the summer, so did the stock market. In the past two weeks ... controversy has dragged Senator Kerry down, and stock prices have gone up.
More Quotes from Brian Wesbury:
Data are pointing to very strong growth in the fourth quarter. The pessimistic viewpoint, which has seen its grip on reality slip to the last knuckle in the past few months, is now holding on by its fingernails.Brian Wesbury
The Fed ignored falling commodity prices and a rising dollar in 1999 and 2000, tightening monetary policy anyway. The result was a recession and deflation. This time the Fed is making the same mistake, but in the opposite direction. The result will be rising inflationary pressures and bond yields.
Brian Wesbury
Any reduction is going to take away from my forecast of any boosted growth,
Brian Wesbury
It will lead to an increase in stock market value, which will help bring initial public offerings back into market, along with merger and acquisition activity, which has been sorely missed in past two or three years. That added financial market activity comes along with a lot of real economic activity as well.
Brian Wesbury
Real GDP in the third quarter and into the fourth will clear 4 percent, ... The economy has recovered after the war very strongly.
Brian Wesbury
This number is a one-month number. I would really be hesitant to make a trend out of this. If you strip out oil, these numbers do not look so bad and, especially in the producer price area, prices are still falling and this tells me that the pipeline does not have inflation in it.
Brian Wesbury
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