The COVID-19 epidemic is accelerating, and as the new coronavirus approaches pandemic status, it is increasingly likely that the economic
A COVID-19 Emergency Response Plan
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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.
Outlook 2020
As the US expansion approaches its eleventh year—its longest in the postwar era—many observers feel obliged to count its final days. Yet
What The Coronavirus Tells Us About Stocks and Bonds
Occasionally, the arrival of something unusual provides an opportunity to dispel lazy thinking about how things really work. The unusual is
Restoring Central Banks’ Credibility
The old central-bank playbook of slashing interest rates to spur consumption, investment, and employment has become less effective since the
The US economy’s strange decade
Weak productivity growth helps to explain the continued robust rates of job creation in the United States, as well as workers’ sluggish
An Interview with Larry Hatheway, UBS Chief Economist
In September 2011, the IMF estimated that roughly half of the Euro Zone’s $9 trillion in outstanding government debt was now at ‘heightened
Global Markets Q4 Outlook: Recession or Resilience?
Over the final quarter of 2019, the tug of war between economic resilience and recession risk is likely to dominate market outcomes and asset
We Are All Active Investors Now
Strategic asset-allocation decisions determine most of an investment portfolio’s subsequent return. Investors need to focus more on the
The Trade Leadership Deficit
Even if Donald Trump’s protectionism proves to be a short-run aberration, US global dominance is likely to continue to decline. To ensure
Equity-market smiles don’t have to become frowns
As 10-year Treasury yields climb, investors are fixated on 3 percent, a level where many fear an equity market meltdown. Yet that threshold
Welcome to the Post-New Normal Era in Markets
Get ready for the post-new normal.
Recent market volatility reflects more than just an unwinding of positions or the failure of a
What I learned at Davos
Davos man must change. But that cannot mean rejecting the core commitment to the view that human ingenuity, fostered by open societies and