The Fed is a self-described ‘data dependent’ decision-maker. But that’s not all. Its aversion to inflation risk and its abiding reliance
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.
Are Stocks and Bonds Poised to Sell-Off?
In 2022, rising inflation triggered a simultaneous sell-off in stock and bond markets. Are we now poised for a repeat?
Who Can Trash China’s Economy Most?
Is China’s economy in real trouble, or is the pessimism unwarranted? The answer likely depends on whether Xi’s authoritarianism erodes
Landing in Fog
The Fed is flying through a fog of conflicting data, trying to soft land the economy. Rarely has visibility been this poor. The glide path
Why Debt is Too Often Misunderstood
Understanding how private, public, and foreign debt are interrelated yields important insights into the workings of the economy. It also leads
Artificial Intelligence, Economics and the End of Business
Humans are not destined to be slaves to either technological innovation or economics.
Our Summer (But not Necessarily Beach) Reading List
Are you looking for different kind of beach reading this summer? If so, you might enjoy these thoughtful perspectives.
De-Leveraging: The Secret to US Economic Resilience?
The US economy has confounded economists and markets by avoiding recession. Perhaps it is less interest rate sensitive than commonly believed.
We Celebrate Struggle
On July 4 Americans celebrate their independence and freedom. But they also celebrate the permanent struggle to form a more perfect
Fly-Casting for Recession
Fly fishing, like economic forecasting, is nothing if not an exercise in patience. Wait long enough, and fortunes may change.
Don’t Look Up
In the movie, “Don’t Look Up,” scientists played by Jennifer Lawrence and Leonardo DiCaprio try to warn the US government to take action
The Beauty of Complexity
In looking for simple answers—or worse, easy villains to blame for what goes wrong—we all too often suppress the realities of complexity.