Looking Ahead: Potential Effects on Inflation and Growth
November 25, 2024
With a slow week for data, we thought we would begin to discuss the potential consequences of proposed Trump policies. Our goal here is not to critique new policies, but to ruminate about their potential effects on inflation and growth – and what guideposts to look for in determining whether our expectations are correct. As […]
In Search of Truth and Wisdom
May 23, 2023
GIC Board Member, Michael Drury, reflects on his travels throughout Europe including GIC’s recent event with the Central Bank of Ireland.
Insights on the changing behavior of the financial markets by Michael Drury
June 11, 2021
In his Weekly Economic Update, Michael Drury, Chief Economist of McVean Trading and GIC Vice Chair of International, shares his insights on the changing behavior of the financial markets due to inflation and equality.
Insights on The Great Demographic Reversal by Michael Drury before the Frederick Heldring Award for Global Leadership on April 29
April 23, 2021
In his Weekly Economic Update, Michael Drury, Chief Economist of McVean Trading and GIC Vice Chair of International, shares his insights on The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival, leading up to the presentation of the 2021 Frederick Heldring Award for Global Leadership to Dr. Charles Goodhart on April 29, 2021.
An optimistic Outlook after Reflecting on the Global Economy’s Challenges.
November 25, 2020
GIC Vice Chair of International, Michael Drury, gives his optimistic outlook after reflecting on the global economy’s challenges.
Weekly Economic Update by Michael Drury
March 30, 2020
In his Weekly Economic Update, Michael Drury, Chief Economist of McVean Trading and GIC Vice Chair of International, shares his insights on the Nominal GDP.
Weekly Economic Update by Michael Drury
July 15, 2019
In his Weekly Economic Update, Michael Drury, Chief Economist of McVean Trading and GIC Chair Emeritus, shares his insights from the Eleventh Annual Rocky Mountain Economic Summit, held on July 11, 2019.
McVean Trading & Investments, LLC Weekly Economic Update: Mexico
October 6, 2017
GIC Chairman, Michael Drury, shares his insights from GIC’s recent conference in Mexico City from October 4-6, 2017.
Weekly Economic Update: Post-Brexit
June 29, 2016
The British are leaving! The British are leaving! – Maybe. Friday provided a profound shock for the financial markets as the UK voted to leave the EU in the Brexit referendum. Over the past week, following the assassination of Labour MP Jo Cox, polls had shifted from favoring Leave to favoring Stay – right up until the last polls before voting. Indeed, even UKIP party leader Nigel Farage was indicating Thursday that Stay would scrape out a victory. The unexpectedness of the outcome generated substantial volatility and market angst in part because over optimism had led some to exit protective positions and they were forced to run to cover. What we learn from this is that predicting the future is never easy. Now economists have both weather forecasters and pollsters to joke about.
A Nuanced Tone
September 4, 2015
Last week, many Fed officials gathered at the Kansas City Fed’s Jackson Hole Symposium to give their take on the need to make or delay the initial rate hike. Vice Chairman Stanley Fisher carried the Fed’s central message – it is still too early to decide about a September hike. Before he spoke, several speakers […]
An Unsettling Equilibrium
August 6, 2015
GIC Chairman Michael Drury takes a look at the global economy today.
The Global Expansion
July 2, 2015
GIC Chairman Michael Drury takes a look at the state of the global economic expansion.