Evergrande is not China’s Lehman and a western style debt crisis will not be allowed to play out in China. Still, investors should prepare
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.
What Does it all Mean?
Unusual disruptions to labor markets, supply chains and production have slowed growth and boosted inflation, but those factors appear unlikely
The Cruelest Month?
September is the worst month for equities. And after a powerful bull market, investors might understandably be concerned. But this September
Pitchforks into Plowshares
Pitchforks are the symbol of popular unrest. Plowshares the biblical allusion to peace and prosperity. Technology companies would be wise
Peak Earnings, Peak Markets
Investors are unimpressed with Q2 earnings. Is the arrival of peak earnings a sign of peak markets? We doubt it.
The Calculus of Today’s Markets
Global markets are struggling to find direction and the reason resides in the calculus of markets, namely a divergence between first and second
Talking Inflation
Hear Larry Hatheway discusses the outlook for inflation and what it means for markets in this broadcast interview with journalist Carolin
Mixed Signals
The pandemic unleashed forces shifting the contours of supply and demand. Price and volume signals are tough to read—for economists and
TINA and the Curve
In a world of negative real interest rates, tight credit spreads and wobbly cryptocurrencies, investors are hemmed in. Stock markets win when
Well Fed
Has the Fed changed its tune about inflation? Is it still transitory, or is it now more evenly distributed? What does this mean for markets?
A Looming Tax Shadow?
What will the G7’s agreement to pursue a minimum global income tax rate of 15% mean for the markets?
From Goldilocks to Stagflation
Is the world economy restoring growth without inflation (‘Goldilocks’), overheating or succumbing to stagflation?