John Slater, a FOCUS Partner and Capital Financing Team Leader, has twenty eight years of M&A and capital raising experience. Prior to that time, he spent nine years as a practicing attorney, focused primarily on financial transactions, securities and tax matters. Mr. Slater has served clients in industries ranging from information technology and software based services, telecom, broadband distribution, digital media, and business services to manufacturing, health care and distribution logistics. At FOCUS, Mr. Slater heads the firm’s corporate financing efforts as well as managing M&A transactions for clients. Located in Memphis, he represents the firm in the mid-Continent region and is working actively to build FOCUS’ practice in the central U.S. He publishes the Capital Matters blog at www.capmatters.com. The site provides information and tools to assist entrepreneurs and their advisors in accessing sources of financing needed to support renewed business growth as the U. S. begins to emerge from the recession. Prior to joining FOCUS in 2005, Mr. Slater was Managing Principal of Slater & Company and its predecessor, Asset Services, LP, which he founded in 1985 to provide investment banking services focused on entrepreneurial companies. Over the past thirty years, Mr. Slater has managed more than 200 M&A and capital raising transactions with aggregate values in excess of $3 billion. His experience includes mergers, acquisitions and divestitures, private placement of debt and equity, transition planning for family businesses, business valuations, going private transactions, industrial revenue bond financings and initial public offerings. John Slater graduated from Princeton University with an AB degree in Economics in 1970 and the University of Virginia Law School in 1973 with a JD degree. In 1982, after nine years of successful law practice with a focus on financial and securities law, Mr. Slater embarked on a new career to provide capital raising and financial advisory services to the entrepreneurial community. He joined the then embryonic corporate finance department at Morgan Keegan & Company and participated in a variety of capital raising projects, including both private placements and public offerings. After several years, Mr. Slater realized that there was a need for investment banking services among private businesses that were too small to attract larger national investment banking firms . To meet this need, he founded Asset Services in 1985. The firm grew steadily and became a regional leader in its field. In 1995, as President of M&A International, a global network of independent merger and acquisition firms, Mr. Slater championed the use of advanced communications technologies to create a real time, online, worldwide internal information and deal sharing network for the organization during the very early stages of internet adoption. Mr. Slater has maintained a strong interest in information technologies; particularly broadband distribution and web based technologies and services as well as digital media and digital video and he has managed a number of transactions in these fields.
Donald R. van Deventer founded the Kamakura Corporation in April, 1990 and is currently Chairman and Chief Executive Officer. Dr. van Deventer's emphasis at Kamakura Corporation is enterprise wide risk management and modern credit risk technology. The second edition of his newest book, Advanced Financial Risk Management (with Kenji Imai and Mark Mesler) was published in 2013 by John Wiley & Sons. In 2003 Dr. van Deventer co-authored Credit Risk Models and the Basel Accords with Kenji Imai. His second book, also with Kenji Imai, is Financial Risk Analytics: A Term Structure Model Approach for Banking, Insurance, and Investment Management published by Irwin in 1996. Dr. van Deventer's first book Financial Risk Management in Banking (with Dr. Dennis Uyemura, Probus Publishing, 1993) is one of the best known books in its field. He has served on the editorial board of the Journal of Credit Risk since 2005. Dr. van Deventer's primary financial consulting and research interests involve the practical application of leading edge financial theory to solve critical financial risk management problems. Dr. van Deventer has been involved in financial advisory assignments including both risk management and mergers and acquisitions. He has worked on assignments for the municipalities affected in the Orange County bankruptcy, in a major derivatives dispute between JPMorgan and a Korean securities firm, for Bank Negara Malaysia, the Department of the Treasury of the United States, governments of three of the OECD countries and many of the world’s largest financial institutions. Prior to founding Kamakura Corporation, Dr. van Deventer was senior vice president in the investment banking department of Lehman Brothers (then Shearson Lehman Hutton) from 1987 to 1990. During that time, he was responsible for 27 major client relationships including Sony, Canon, Fujitsu, NTT, Tokyo Electric Power Co., and most of Japan's leading banks. Dr. van Deventer completed three of the first four mergers and acquisitions assignments for a Japanese client by Lehman Brothers and the first domestic Japanese corporate straight bond underwriting by the firm. From 1982 to 1987, Dr. van Deventer was the treasurer for First Interstate Bancorp in Los Angeles. In this capacity he was responsible for all bond financing requirements, the company’s commercial paper program, and a multi-billion dollar derivatives hedging program for the company. During this time, First Interstate became the first issuer of medium term notes in the Euro market and first issuer of bank medium term notes. Dr. van Deventer also served as senior planning officer for acquisitions, new ventures and corporate strategy, participating in the 1986 attempted take-over of BankAmerica Corporation. Dr. van Deventer was a Vice President in the risk management department of Security Pacific National Bank from 1977 to 1982, where he initiated the duration-based futures hedging program for the bank. Dr. van Deventer holds a Ph.D. in Business Economics, a joint degree of the Harvard University Department of Economics and the Harvard Graduate School of Business Administration. He was appointed to the Harvard University Graduate School Alumni Association Council in 1999 and has now completed more than a decade of service on the Council. Dr. van Deventer served as Chairman of the Council for four years from 2012 to 2016. From 2005 through 2009, he served as one of two appointed directors of the Harvard Alumni Association representing the Graduate School of Arts and Sciences. Dr. van Deventer was named to the CFA Hawaii Advisory Board in 2010. Dr. van Deventer was also named to the Advisory Board of the Pacific Asian Center for Entrepreneurship and E-Business at the University of Hawaii Shidler College of Business in 2012. He served as a director of the Hawaii Bicycling League from 2005 to 2014. Dr. van Deventer also holds a degree in mathematics and economics from Occidental College, where he graduated second in his class, summa cum laude, and Phi Beta Kappa. Dr. van Deventer speaks Japanese and English.
My name is Phil Mause. I am a Senior Advisor with the Pacific Economics Group, focusing on energy, regulatory and valuation issues. I retired from 40 years of law practice earlier this year. I am a yield oriented investor and in the last two years, I have done reasonably well in junk bonds, BDCs, mortgage REITS, and dividend paying blue chip stocks. As an avocation, I dabble in stand up comedy.
James A. Kostohryz has accumulated over twenty years of experience investing and trading virtually every asset class across the globe.
Kostohryz started his investment career as an analyst at one of the US's largest asset management firms covering sectors as diverse as emerging markets, banking, energy, construction, real estate, metals and mining. Later, Kostohryz became Chief Global Strategist and Head of International Investments for a major investment bank. Kostohryz currently manages his own investment firm, specializing in proprietary trading and institutional portfolio management advisory.
Born in Mexico, Kostohryz grew up between south Texas and Colombia, has lived and worked in nine different countries, and has traveled extensively in more than 50 others. Kostohryz actively pursues various intellectual interests and is currently writing a book about the impact of culture on economic development. He is a former NCAA and world-class decathlete and has stayed active in a variety of sports.
Kostohryz graduated with honors from both Stanford University and Harvard Law School.
You can receive custom delivery of all of Mr. Kostohryz's published work on Seeking Alpha, The Street, and other media, as well as exclusive material, by following the link below. It is absolutely free:
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David Warsh is proprietor of EconomicPrincipals.com (http://www.EconomicPrincipals.com), an independent, reader-supported, Web-based weekly that he started in 2002. Before that, he covered economics for The Boston Globe for 20 years and, earlier, reported on business for Forbes Magazine and The Wall Street Journal; from Vietnam for Pacific Stars and Stripes and Newsweek Magazine; and for the City New Bureau of Chicago. A two-time winner of a Gerald Loeb Award, he is the author of three books: The Idea of Economic Complexity (Viking, 1984); Economic Principals: Masters and Mavericks of Modern Economics (The Free Press, 1993); and, most recently, Knowledge and the Wealth of Nations: a Story of Economic Discovery (Norton, 2006).
Joseph has been an analyst, investor, and student of economic theory; money and banking; and statistical methods for evaluating and implementing risk/reward trading algorithms since 1972. Joseph is also an occasional contributor to financial publications and his essays are frequently cited by other financial websites and publications.
Since the end of the Great Recession, Joseph came to recognize that traditional methodologies for forecasting economic growth and investment asset pricing are no longer of value, and a broader understanding of the post Glass Steagall, financially engineered world that has driven markets and economies since the turn of the century is required today.
He has a good grasp of Shadow Banking, High Frequency Trading, and Dark Pools, and their impact on today’s markets. He has also spent considerable time understanding the new global paradigm of central bank involvement in experimental policy designed to better control economies.
Joseph doesn’t subscribe to a specific school of theory on economics. Rather, his thinking is based on a combination of the Classical School, the Austrian School, and the Keynesian School. He even sees the writings of Karl Marx as particularly instructive.
Joseph is particularly fond of the following quote from Albert Einstein and sees his own work as driven by that same passionate curiosity that Einstein refers to:
“I have no special talents. I am only passionately curious.”
Coming in a close second in terms of favorite quotes that express his views, Joseph embraces Lord Acton’s views expressed here:
“The danger is not that a particular class is unfit to govern.
Every class is unfit to govern."
Jeff is the President of NewArc Investments Inc., manager of both individual and institutional investments. Jeff is a registered investment advisor, and portfolio manager for NewArc's investment programs. Jeff is a former college professor with a hands-on, real world attitude. His quantitative modeling helped inform state and local officials in Wisconsin for more than a decade. A Public Policy analyst, he taught advanced research methods at the University of Wisconsin, and analyzed many issues related to state tax policy. Jeff began in the financial business as Research Director for trading firm at the Chicago Board Options Exchange. He investigated anomalies in the standard option pricing models, taught classes for beginning options traders, and developed new forecasting techniques. In 1991 he established a general research consultancy, working with professional traders at all of the Chicago financial exchanges. In 1998 he started NewArc Investments, Inc. Jeff has a commitment to the specific needs of individual investors. It is not a one-size-fits all approach, but one that emphasizes the unique circumstances of each client. Jeff also serves on the board of two small technology companies (currently Chairman at one). He is occasionally as an expert witness in legal cases involving financial markets and hedging.
Economics PhD, Business School Dean, University Chancellor, Books and articles on macroeconomics, economic development, unemployment, and taxation. Legislator on ways and means committee, Regulatory commissioner, CEO Newspaper and radio station chain, CEO of Internet company. Investor,
Operates a forecasting consultancy and manages individual investment accounts oriented towards long-term appreciation. Presently he is funding high risk/high return micro-equity investments overseas.
Hale Stewart spent 5 years as a bond broker in the late 1990s before returning to law school in the early 2000s. He is currently a tax lawyer in Houston, Texas. He has an LLM from the Thomas Jefferson School of Law in domestic and international taxation where he graduated Magna Cum Laude and is also a Chartered Asset Manager, Chartered Wealth Manager and Chartered Trust and Estate Planner from the American Academy of Financial Management. He is the author of the book US Captive Insurance Law. You can read him daily at the XE.com currency blog (http://community.xe.com/blog/xe-market-analysis).
James Picerno is a financial journalist who has been writing about finance and investment theory for more than twenty years. He writes for trade magazines read by financial professionals and financial advisers. Over the years, he’s written for the Wall Street Journal, Barron’s, Bloomberg Markets, Mutual Funds, Modern Maturity, Investment Advisor, Reuters, and his popular finance blog, The CapitalSpectator.
Visit: The Capital Spectator (www.capitalspectator.com)
I am a retired accountant, investing in all varieties of instruments. I started investing on my own account in 1982. I have made money on a consistent basis. However I lost everything that i owned in 1987, but on the flip side, I sold UK property in 2006 and sold all stocks and shares in August 2007. You should only loose your shirt once in your lifetime! I do not purport to be a professional investor; however the 'Pros' nearly all have a vested interest in selling their firms, services or investments and this makes much of their advice tainted. If I write it is an unbiased personal opinion and should not be taken as investment advice.
I was originally a golf pofessional but qualified as an accountant in 2003. I am now retired and no longer have a practicing certificate in accountancy.
Peter started TF Market Advisors in 2011 as a platform to trade and provide market information. The trading strategies are macro, but the direction and value decisions are based on insights into the credit markets. The firm’s commentary has been gaining respect and Peter has become a recognized source of information on the developments in Europe in particular, but has also been very involved in recommendations on the banking industry and high yield bonds. He has appeared numerous times on Bloomberg TV and radio, and has been quoted in articles in the Wall Street Journal, the Associated Press, and Fox Business News. Many top hedge funds, money managers, and asset allocators have asked to be included on the distribution list.
Peter was a Portfolio Manager at KLS in the fall of 2008 and spring of 2009. He achieved positive performance for the period using a combination of single credit positions, well timed macro trading, and an active trading strategy that developed additional trading revenue around the core credit decisions and enhanced relationships to ensure allocations on investment grade new issues that could perform well. The returns were aided by product choice as much as specific credit decisions because the understanding of bonds, loans, and CDS, and investment grade and high yield, and single name and index, helped maximize returns or minimize downside for any level of risk.
Peter has been involved in all aspects of credit trading. He started his career with Bankers Trust in 1994 in the newly formed Credit Derivatives group. While at Bankers Trust and then Deutsche Bank, Peter ran High Yield Credit Derivatives which included cash, CDS, synthetic CDO’s, total return swaps on leveraged loans, and hybrid CLO’s. During this time he was very involved in the industry groups that developed the CDS product and that deep familiarity with the product helps when trading as the in depth knowledge can spot trading opportunities when markets are volatile or headline driven. He was hired by UBS to build out those businesses there, but over time became involved in the Credit Index Trading. He was a board member of CDS Indexco, which created the CDX suite of indices. He went on to start a successful index trading business at RBS in North America, where during 2007 and early 2008, the business went from nowhere to being profitable and a top 5 liquidity provider.
Peter received his Bachelors of Mathematics degree, Joint Honors Computer Science and Combinatorics and Optimization from the University of Waterloo, where he was a Descartes Fellow and graduated as the all-time leading scorer on the football team. He completed his MBA in Finance and Marketing at Vanderbilt University and was awarded the Matt Wiggington Leadership award for outstanding performance in finance.
My name is Hellasious (pseudonym), I was educated as a chemical engineer but spent almost my entire career in finance, particularly in money, FX and bond markets. The name stands for Hell-as-IOUs and the picture points to Quixotic endeavors.
Visit Hellasious's blog: Suddent Debt (http://suddendebt.blogspot.com//)
Note: Seeking Alpha editors have contact information for all contributors to enable ongoing communication regarding articles published.
Tom Evslin's career has taken him from nerd to CEO to novelist and consultant with a brief stop as Vermont's Transportation Secretary in the early 1980s.
Tom recently retired as CEO of NG Advantage LLC, a company he and wife Mary cofounded which trucks natural gas to industrial and commercial customers. He remains as Chair of NG Advantage. The company was the first to bring the environmental and economic benefits of the clean-burning North American fuel to US custoemrs beyond the reach of pipelines and is still the industry leader.
In the great recession Tom was volunteer Chief Recovery Officer for the state responsible for coordinating the state's use of federal stimulus funds and focusing them on the priorities of universal broadband penetration, a smart electrical grid, e-health, and e-education. He also volunteered as CTO for the state.
Tom's novel hackoff.com: an historic murder mystery set in the Internet bubble and rubble is available from Amazon in hardcopy or Kindle form. A short story "The Interpreter's Tale" can be downloaded to Kindle. His personal blog Fractals of Change is at blog.tomevslin.com.
Tom was cofounder (with Mary), Chairman and CEO of ITXC Corp. The NASDAQ-listed company grew from startup in 1997 to the world's leading provider of wholesale VoIP and one of largest carriers of international voice minutes of any kind by 2004 when it was acquired.
He conceived, launched, and ran AT&T's first ISP, AT&T WorldNet Service. WorldNet popularized all-you-can-eat flatrate monthly pricing for Internet access and forced the rest of the industry, including AOL and MSN, to follow suit. Tom has been blamed and praised for this ever since. He is unrepentant.
At Microsoft, Tom was responsible for the server products in Microsoft BackOffice including Microsoft Exchange and for Exchange's predecessor Microsoft Mail.
Tom went to Microsoft when key assets of Solutions, Inc. (a software company he founded and he and Mary ran) were sold to Microsoft. In the 1970s Solutions developed the first commercial EFT software for banks. In the 1980s Solutions was the first developer of commercial communications software for the Macintosh.
Tom was formerly on the boards of the Vermont Telecommunications Authority and the Vermont Clean Energy Development Fund. In the private sector, is a board member of FeedBlitz LLC as well as NG Advantage LLC.
For many years Tom was Policy Chairman of the Voice on the Net Coalition and a member of the organization's Board of Directors.
Tom is the inventor on eight US patents
All opinions in this blog not otherwise attributed are Tom's opinions alone and not necessarily the opinion of any organization or business he is associated with.
John M. Mason writes on current monetary and financial events. He is an entrepreneur and a writer. Current projects include a new banking institution, an Internet company, a private equity fund, two depository institutions and a community redevelopment fund. He formerly was on the faculty of the Finance Department, Wharton School, the University of Pennsylvania. Dr. Mason has been President and CEO of two publicly traded financial institutions and the executive vice president and CFO of a third. He has also served as a special assistant to the secretary of the Department of Housing and Urban Development in Washington, D. C. and as a senior economist within the Federal Reserve System. Dr. Mason has served on the boards of venture capital funds and other private equity funds. He has worked with young entrepreneurs, especially within the urban environment, starting or running companies primarily connected with Information Technology. Some of his new ventures are in the sustainable business and impact business space. .
HORAN Capital Advisors (http://www.horancapitaladvisors.com) is an SEC registered investment advisor that manages investment portfolios for individuals and institutions. Our firm utilizes a disciplined investing approach that should create wealth for our clients over time. Our investment bias is to invest in companies that generate a steady return over time, i.e., singles and doubles. This singles and doubles approach tends to lead to investments in higher quality dividend growth/cash flow growth companies. On the other hand, there are times when a company's stock price seems to be trading below its fair valuation. Short term gains are possible in these situations. I have been managing investment portfolios for individuals and institutions for over fifteen years and believe investing is like running a marathon and not a sprint. Taking the road less traveled, more often than not, leads to higher returns. Visit: The Blog of HORAN Capital Advisors at (http://disciplinedinvesting.blogspot.com/)
Abe is responsible for leading M&A transactions for the fastest growing private companies in America. Given his proximity to the markets, Abe’s opinions have become widely followed both on-air (Bloomberg and Fox Business) and on-line (FORBES, MarketWatch, Yahoo Finance and SeekingAlpha). He is a two-time featured speaker at the world’s largest e-commerce conference (IRCE). Over the course of his career he has worked in Merrill Lynch’s M&A Technology Group, and Ernst & Young’s Business Valuation Group. He is also a graduate and Board of Governors Emeritus, of the University of Southern California.
Taylor Cottam, has managed financial risk and traded fixed income products inside both GMAC bank and other financial institutions in Europe, North America and Canada. He has written about business and economic issues for prominent trade magazines and is the owner and principal contributor to www.economypolitics.com. He has published the 2010 Best to Invest Series at EconomyPolitics.com which focuses on Economic Efficiency (http://www.economypolitics.com/2009/12/first-annual-economypolitics-global_18.html), long-term growth rates (http://www.economypolitics.com/2010/01/growth-rates-first-annual.html) and incremental incremental economic activity (yet to be published). He is a CFA Charterholder, a Certified Financial Risk ...More Manager (FRM) and holds an MBA from INSEAD.
Dr. Mark J. Perry is a full professor of economics at the Flint campus of The University of Michigan, where he has taught undergraduate and graduate courses in economics and finance since 1996. Starting in the fall of 2009, Perry has also held a joint appointment as a scholar at The American Enterprise Institute. Perry holds two graduate degrees in economics (M.A. and Ph.D.) from George Mason University and in addition, and has an MBA degree in finance from The University of Minnesota. In addition to an active scholarly research agenda, Perry enjoys writing op-eds for a general audience on current economic issues and his opinion pieces have appeared in most major newspapers around the country, including USA Today, Wall Street Journal, Washington Post, Investor’s Business Daily, The Hill, Washington Examiner, Dallas Morning News, Sacramento Bee, Saint Paul Pioneer Press, Miami Herald, Pittsburgh Tribune-Review, Detroit News, Detroit Free Press and many others. Mark Perry has been best known in recent years as the creator and editor of one of the nation’s most popular economics blogs, Carpe Diem. Professor Perry has written on a daily basis since the fall of 2006 to share his thoughts, opinions and expertise on economic issues, with a strong emphasis on displaying economic data in a visually appealing way using graphs, charts and tables.
About a year ago, a company asked me to write a daily blog for them. I told them that I’d never read a blog and had absolutely no idea how to write one but sure, if you want to pay me for it, I’ll give it a shot. It was either my good or bad fortune to start at the beginning of the credit crisis. Good because there was a lot to write about, bad because they didn’t really want me to chronicle and opine on the disaster of the day. Guess who won that standoff. But I was hooked on blogging, so I started my own blog, called it But Then What and here we are.
I’m not sure that credentials mean much when it comes to writing about things but people seem to want to see them, so briefly here are mine. I have an undergraduate degree in economics from an undistinguished Midwestern university and masters in international business from an equally undistinguished Southwestern University. I spent a number of years working for large banks lending to lots of different industries. For the past few years, I’ve been engaged in real estate finance – primarily for commercial projects. Like a lot of other finance guys, I’m looking for a job at this point in time.
Given all of that, I suggest that you take what I write with the appropriate grain of salt. I try and figure out what’s behind the news but suspect that I’m often delusional. Nevertheless, I keep throwing things out there and occasionally it sticks. I do read the comments that readers leave and to the extent I can reply to them. I also reply to all emails so feel free to contact me if you want to discuss something at more length. Oh, I also have a very thick skin, so if you disagree feel free to say so.
Enjoy what I write and let me know when I’m off base – I probably won’t agree with you but don’t be shy.
Visit my blog http://www.butthenwhat.com or follow me on twitter at twitter.com/tomlindmark.
Mr. Roche is the founder of Orcam Financial Group, LLC, a low fee financial services firm based in San Diego, CA as well as the founder of the popular financial website Pragmatic Capitalism (some articles from Pragmatic Capitalism get syndicated on Seeking Alpha so please see the full site if you don't want to miss articles by Mr. Roche).
Orcam Financial Group, LLC (www.orcamgroup.com) is a low fee financial services firm offering asset management, personal advisory, consulting and educational services. Pragmatic Capitalism (http://pragcap.com) was founded by Cullen Roche in the midst of the financial crisis of 2008. Mr. Roche foresaw many of the events that led up to the crisis and felt that the government was slow to react and when it did finally react, responded with the wrong medicine.
Mr. Roche's primary areas of expertise include global macro portfolio construction, quantitative risk management, monetary economics and behavioral finance. Prior to establishing his own business, Mr. Roche worked at Merrill Lynch Global Wealth Management where he worked on a team overseeing $500MM+ in assets under management. Upon leaving Merrill Lynch, Mr. Roche managed a private investment partnership for 7 years generating substantial positive alpha (high risk adjusted returns) without a single negative year of returns. He has since transitioned back to retail asset management to better serve the much needed low fee retail space with sophisticated but simple asset management and financial planning services.
Mr. Roche is also a prolific writer. In addition to the daily musings on his website, he is the author of the popular book “Pragmatic Capitalism: What Every Investor Needs to Know About Money and Finance” as well as “Understanding the Modern Monetary System”, one of the top 10 all-time most downloaded research papers on the SSRN academic research network. He was named one of the “Top Wall Street Economists, Experts and Opinion Leaders” of 2011 by Wall Street Economists and was named one of the “101 Best Finance People” by Business Insider where he was described as “one of the most influential economic thinkers today.” In 2015 Mr. Roche was named one of the “40 Under 40” most influential people in finance by InvestmentNews. He is regularly cited in the Wall Street Journal, on CNBC and in the Financial Times.
Mr. Roche is a Georgetown University alumnus, growing up in the DC area and now living in Southern California with his wife Erica, troublesome collie Cal and 4 irritable laying hens. In addition to being a financial dork Cullen is an avid outdoorsman, mediocre gardener, proficient complex carbohydrate consumer (i.e., loves brownies and cake) and finisher of one of the most difficult IRONMAN races at Cabo in 2015.
Dr. Price writes about stocks, options, and the financial markets every weekday on Real Money Pro, a subscription site at The Street, and here, with Arrow Loop Partners at Seeking Alpha.
Paul has been a speaker at the International Traders Expo in New York City and the Options and Forex Expo in Las Vegas. He also gives investment seminars for subscribers of The Street's multiple subscription sites.
Dr. Price is also a featured contributor for Guru Focus.com, and here on Seeking Alpha.
Erik is the senior market technician for Prometheus Market Insight and has been performing chart analysis since 1995. The software program that he developed to monitor long-term stock market trends has correctly identified 92% of the cyclical turning points in the S&P 500 index since 1940. His Gold Currency Index has predicted every major trend change in the US gold market since its creation in 2005.
Econ Grapher currently publishes the Econ Grapher blog. He previously worked in markets, trading, investment management, and corporate strategy. He has also set up two internet research businesses in stock research and economic research.
Edward Harrison is the founder of the blog Credit Writedowns (www.creditwritedowns.com) and is a finance specialist at Global Macro Advisors. Previously, Edward was a strategy and finance executive at Deutsche Bank, Bain, and Yahoo. He started his career as a diplomat and speaks German, Dutch, Swedish, Spanish and French. Edward holds an MBA from Columbia University and a BA in Economics from Dartmouth College. Follow him on Twitter at twitter.com/edwardnh. Contact him at edh at creditwritedowns dot com as that's the only mailbox he reads regularly.
Bob McTeer is a Distinguished Fellow at the National Center for Policy Analysis (NCPA), covering macro-economic issues, including monetary policy, fiscal policy, tax and education policy. NCPA is a nonprofit, nonpartisan market-oriented public policy institute headquartered in Dallas, Texas, with offices in Washington, D.C. See www.ncpa.org.
Prior to joining the NCPA in January 2007, Bob was Chancellor of the Texas A&M University System from November 4, 2004 through November 22, 2006. The Texas A&M University System is composed of 9 universities, 7 state agencies and a statewide health science center. The system has approximately 25,000 employees and budgets totaling $2.5 billion. Its universities have approximately 102,000 students, including about 45,000 at its flagship, Texas A&M University in College Station.
Before becoming Chancellor of the Texas A&M University System, Bob had a 36-year career with the Federal Reserve System, including 14 years as President of the Federal Reserve Bank of Dallas and member of the Federal Open Market Committee (FOMC). While at the Federal Reserve Bank of Richmond in the 1970s, Bob taught economics as an adjunct faculty member at the University of Richmond and Virginia Commonwealth University. While he ran the Richmond Fed’s Baltimore Branch in the 1980s, Bob taught two classes per semester in the evening program of The Johns Hopkins University.
Bob got his B.B.A. and Ph.D. in economics from the University of Georgia and taught there for two years before joining the Fed in 1968. His graduate education was financed by a National Defense Education Act (NDEA) fellowship. He holds an honorary doctorate in the Humane Letters from Austin College.
Bob serves on the Boards of Directors the Westwood Holdings Group, and Refocus Group. He is a former member of the Board of Overseers of UGA’s Terry College of Business, where he was named Distinguished Alumnus in 1991. He is past president of the Association of Private Enterprise Education, a national association of free enterprise scholars and others who advocate market solutions to public policy problems, and a former board member of the National Council on Economic Education. Bob was featured as a Texas Legend in Business in 2004 by the Texas Cable News Network.
As a Fed policymaker, Bob gained a national reputation as an independent voice, or maverick, dissenting from the Alan Greenspan majority twice in 1999 and once in 2002.
His dissents and his outspoken views and plain talk got him the labels “Lone Star Loner” and “The Lonesome Dove.” He says he’s been called worse.
Bob’s free-market views in general and his vigorous support of free-trade in particular, gave the Dallas Fed its reputation during his tenure as “The Free-Enterprise Fed.” Bob is a CNBC contributor. He has written numerous opinion pieces for the Wall Street Journal and other publications and has spoken worldwide.
Bob’s poetry and vignettes have been featured twice on the Dallas Community News Network. You may find these and other articles and speeches on www.BobMcTeer.com.
Fred Wilson began his career in venture capital in 1987. He has focused exclusively on information technology investments for the past 17 years. From 1987 to 1996, Fred was first an Associate and then a General Partner at Euclid Partners, a New York based, early stage, venture capital firm founded in 1970. In 1996, Fred co-founded Flatiron Partners. He is currently the Managing Partner of Union Square Ventures (http://www.unionsquareventures.com/). Fred has a Bachelors degree in Mechanical Engineering from MIT and an MBA from The Wharton School of Business at the University of Pennsylvania. Fred is married with three kids and lives in New York City.
Visit Fred's blog: A VC (http://avc.blogs.com/a_vc/)
Steven Hansen is an international business and industrial consultant specializing in turning around troubled business units; consults to governments to optimize process flows; and provides economic indicator analysis based on unadjusted data and process limitations.
Martin O. Hutchinson is an investment banker with more than 25 years’ experience, Hutchinson has worked on both Wall Street and Fleet Street and is a leading expert on the international financial markets. At Creditanstalt-Bankverein, Hutchinson was a Senior Vice President in charge of the institution’s derivative operations, one of the most challenging units to run. He also served as a director of Gestion Integral de Negocios, a Spanish private-equity firm, and as an advisor to the Korean conglomerate, Sunkyong Corp. But it was Hutchinson’s work in Bulgaria, Croatia and Macedonia that solidified his reputation as a true “hands-on” expert on the developing economies. As the U.S. Treasury Advisor to Croatia in 1996, he helped the country establish its own T-bill program, launch its first government bond issue, and start a forward currency market. Hutchinson returned to the United States, was named Business and Economics Editor at United Press International, and was able to jump-start the financial-news operation of that historic wire service. In October 2000, Hutchinson began writing “The Bear’s Lair,” a weekly investment column that appears on the Prudent Bear Web site. Hutchinson earned his undergraduate degree in mathematics from Cambridge University, and an MBA from Harvard University. He lives in upstate New York.