Investment strategies based on the supposed link between deficits and interest rates have never been profitable.
More Quotes from Brian Wesbury:
Those who fear deflation thought they were watching a horror flick this morning when the PPI was reported as falling 1.9 percent in April,Brian Wesbury
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.
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
I think there is a very good possibility, 80 percent or so, that the Fed's going to cut rates today,
Brian Wesbury
I believe the Fed is holding rates excessively low today -- current monetary policy is inflationary, ... they could scratch out 200 basis points over six months and have minimal effect.
Brian Wesbury
I think rules are made to be broken and history isn't always a perfect guide. Today the stock market is very undervalued. As I look into the future, the gains of the past few weeks are a precursor to what is going to happen in the future.
Brian Wesbury
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