It is premature to conclude that weak profits will force equity valuations down significantly.
Larry Hatheway has over 25 years’ experience as an economist and multi-asset investment professional. He is co-founder, with Alexander Friedman, of Jackson Hole Economics, a non-profit offering commentary and analysis on the global economy, matters of public policy, and capital markets. Larry is also the founder of HarborAdvisors, LLC, an investment advisory firm catering to family offices and institutional clients worldwide.
Previously, Larry worked at GAM Investments from 2015-2019 as Group Chief Economist and Global Head of Investment Solutions, where he was responsible for a team of 50 investment professionals managing over $10bn in assets. While at GAM, Larry authored numerous articles on the world economy, policy-making, and multi-asset investment strategy.
From 1992 until 2015 Larry worked at UBS Investment Bank as Chief Economist (2005-2015), Head of Global Asset Allocation (2001-2012), Global Head of Fixed Income and Currency Strategy (1998-2001), Chief Economist, Asia (1995-1998) and Senior International Economist (1992-1995). Larry is widely recognized for his appearances on Bloomberg TV, CNBC, the BBC, CNN, and other media outlets. He frequently publishes articles and opinion pieces for Bloomberg, Barron’s, and Project Syndicate, among others.
Larry holds a PhD in Economics from the University of Texas, an MA in International Studies from the Johns Hopkins University, and a BA in History and German from Whitman College. Larry is married with four grown children and resides with his wife in Redding, CT, alongside their dog, chickens, bees, and a few ‘loaner’ sheep and goats.
Summer is over and it is time for investors to get back to work. It may be hard labor.
The Federal Reserve’s annual Jackson Hole conference is about to begin — don’t expect much clarity.
Short-term productivity growth is likely to come in weak, but the real problem is that American workers’ productivity gains have been suffering
As investors get ready for an August break, most anticipate smooth sailing ahead — but many an August vacation has been ruined by market
Investors are confused. Since early June US bond yields have gyrated like a drunken sailor, first soaring, then collapsing, and then surging
Democracy is not an outcome, but an ambition that requires we seek out our common values rather than fight for rights.
‘Recession now’ may not be what investors were hoping to hear, but it is probably preferable to the alternative of recession later.
Unless we take action to restore justice, our children will grow up in injustice. Now is the time to act.
QE is ending and QT is starting — is it time to prepare for temper tantrums?
The Fed is ready to wield the hammer of monetary policy on the nail of inflation – thumbs are going to get bruised.
Has an ‘all clear’ has been issued in the form of ‘peak inflation’, paving the way for investors to return with gusto into global