Trick or treat? This cycle still looks more likely to deliver the mischievous than the sweet.
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.
Could It Happen Here?
The exact experience of the UK crisis will probably not be repeated elsewhere, but financial stress and crises are the norm when monetary
Is a Bottom in Sight?
Stocks and bonds will not find a sustainable bottom until investors are confident that market prices fully discount the degree to which central
Recession Watch
Don’t be fooled by mixed signals. The world economy is slowing down and recessions are arriving.
The Final Quarter
In American sports, the final quarter is often when the game is decided. Investors hope Q4 will salvage an awful year — they may be disappointed.
Straws and Camels’ Backs
The economic and financial market outcomes now unfolding will be unpleasant, but they are not likely to be cataclysmic.
Are Markets Headed Down?
It is premature to conclude that weak profits will force equity valuations down significantly.
Laboring Days
Summer is over and it is time for investors to get back to work. It may be hard labor.
Jackson Whole?
The Federal Reserve’s annual Jackson Hole conference is about to begin — don’t expect much clarity.
The Productivity Paradox
Short-term productivity growth is likely to come in weak, but the real problem is that American workers’ productivity gains have been suffering
Summer Heat
As investors get ready for an August break, most anticipate smooth sailing ahead — but many an August vacation has been ruined by market
A Tale of Two Economies
Investors are confused. Since early June US bond yields have gyrated like a drunken sailor, first soaring, then collapsing, and then surging