The 2005 Economy: Prosperity or Crisis?
The economic data point to prosperity, but the mainstream media and many Americans see a crisis on the horizon. Large budget deficits, growing trade deficits, outsourcing and job growth, major government policy initiatives, a falling dollar, Fed rate hikes, terrorism, and expensive energy are all causing concern.
But the U.S. remains a technological leader, productivity is booming, consumer spending is strong, and business investment is on the rise. Despite uncertainties, celebrated economist Brian Wesbury (KSM89) views the U.S. economic outlook with optimism, not pessimism, or even skepticism.
Lecture time: approximately 1 hour
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About the Presenter
Brian Wesbury (KSM89), Chief Investment Strategist, Claymore Advisors, LLC
In 2001, The Wall Street Journal ranked Wesbury as the nation’s #1 U.S. economic forecaster and USA Today ranked him as one of the nation’s Top 10 Forecasters in 2004.
Wesbury is regularly featured on CNBC, CNN and Bloomberg Business TV. He writes a monthly column on the economy for The American Spectator, and serves as the magazine’s senior economic editor. He also contributes to the editorial pages of the Wall Street Journal, and his comments and writing have appeared in Barron’s, Investor’s Business Daily, Forbes, and the U.S. News and World Report.
In 1995 and 1996, Wesbury served as chief economist for the Joint Economic Committee of Congress (JEC), advising members of Congress on economic issues relating to federal budget, tax, trade, and monetary policy.
Wesbury’s career as an economist began in 1982 at the Harris Bank in Chicago and he also served as vice president and economist for the Chicago Corporation. Wesbury’s first book, The New Era of Wealth, was published by McGraw-Hill in October 1999.
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