The US economy has achieved a super high growth rate in the process of rebounding from the pandemic interruption. As a result, despite a new round of shutdowns, recovery in real GDP is nearly complete as the first quarter came to an end. From here on out, there are widespread expectations of a boom on the pretext of “pent-up demand: and further “stimulus”.
This webinar invites David Ranson, president and director of research at HCWE & Co, who will cover why this is much less feasible than it sounds. Classical economics implies, once recovery is complete, that growth will slow to the long-term norm. – but there are reasons to believe it will slip below that.
Where recordings are made, these are a member benefit that are accessed through the member-only platform, CFA UK Discover.
Event: 13:00 - 13:40
CPD Points: 0.75
David Ranson, President and Director of Research, HCWE & Co
David is president and director of research at HCWE & Co., an independent investment research firm now located in Portland, Oregon. Originally known as Wainwright Economics, the economic-investment research arm of H.C. Wainwright & Company of Boston, Massachusetts, became an independent operation in 1978 and has since been renamed HCWE. David is also a Research Fellow at the Independent Institute, Oakland, CA.
Prior to becoming a general partner of H.C. Wainwright, David joined Director George P. Shultz’s personal staff at the Office of Management and Budget, served as an assistant to then Treasury Secretary William E. Simon, and taught economics at the University of Chicago Booth Graduate School of Business. He holds M.A. and B.Sc. degrees from Queen’s College, Oxford, and an M.B.A. in finance and Ph.D. in business economics from the University of Chicago.
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