Would You Let An Economist Invest Your Money?

Those Who Don’t Remember The Past
Do you ask your butcher which stock to buy? He or she is probably not qualified to advise you well. An economist, however, relies on their knowledge of monetary trends (past and present) as an indicator of future financial probabilities. The better they are at this analysis, the better their career becomes. They are literally paid for their research of the economic data of the past as it likely forecasts financial happenings tomorrow and beyond. Therefore, they, and those who consider their analysis, are not “condemned to repeat” monetary meltdowns in the future. We can make our investment decisions after considering their track record of advice. Or we can consult our butcher.
Modern-Day Economists: A Case In Point
A respected viewpoint of economics is not the domain of just elderly stuffed-shirt academic figures. A current example of a well-regarded and quoted economist is Christian Broda. Upon graduating from the Universidad de San Andres in Argentina in 1997, he took his degree in economics to MIT. He came out of MIT with a Masters and a PhD. His resume includes a stint as a tenured professor of economics at the University of Chicago. At this writing he is at Duquesne Capital Management. His well-educated thoughts and advice on world trade and finance have been in notable journals such as the Quarterly Journal of Economics and the American Economic Review. He’s an example of an involved economist that the financial institutions would consult for “macro” investing wisdom.
The Economist And The Common Man
Like most people, you probably don’t hang on every opinion of economists and probably couldn’t even name more than one or two. However, the collective leanings of the highest regarded financial minds affect us all. The Federal Reserve determines its interest rate adjustments (or non-adjustments) based on economic data supplied and/or analyzed by economists. This “group thinking” affects credit matters, car and home loans, etc. So the influence of economists on our daily concerns is huge. But like the average person, you deal with your vocation as well as you can and leave national financial decisions to professionals. Like economists.