GIC Economic Outlook: First Thoughts on the Coming Decade
Date: Monday, June 24, 2019
Chicago, IL
$50.00 – $75.00
Mark your calendar: GIC is returning to Chicago this June!
Presentation Documents
- Session I: Macro Outlook: Housing Markets, David Berson
- Session I: Discussing Monetary Policy, James Bianco
- Session II: Productivity in the U.S., William Strauss
- Session II: The Outlook for Business Fixed Investment, Kevin Kliesen
- Session II: Manufacturing & Productivity and the US Labor Force: US Labor Force, Leslie McGranahan
- Session II: The U.S. Economy and the Marginalized Worker, Jeff Korzenik
- Session III: Perspective of a Portfolio Manager, John Mousseau
- Session III: State of the State’s Fiscal Challenges, Rick Mattoon
- Session III: Household and Payroll Employment, Steve Sexauer
Presentation Videos
Event Detail
GIC Economic Outlook: First Thoughts on the Coming Decade
Register today! The Global Interdependence Center is returning to Chicago, IL for a conference with the Federal Reserve Bank of Chicago. Join us on Monday, June 24, 2019 to discuss topics such as monetary policy, trade, manufacturing, productivity and labor force issues and to hear a keynote address on globalization by Catherine L. Mann, Ph.D., Global Chief Economist, Citi.
Agenda
10:00 – 10:30 a.m. | Registration/Coffee
10:30 a.m. | Welcome and Opening Remarks
- Don Rissmiller, Chief Economist, Strategas Research and GIC Chairman
10:30 a.m. – 12:00 p.m. | Session I: Global Macro Outlook: Financial Markets and Housing
- David Berson, Senior Vice President and Chief Economist for Nationwide Mutual
- Laura Speake, Regional Economist, Energy & Transportation, Caterpillar Inc.
- Jim Bianco, President and Macro Strategist, Bianco Research, LLC
- Moderator: Michael Drury, Chief Economist, McVean Trading & Investments and GIC Chair Emeritus
12:00 p.m. | Luncheon Keynote: For Better or Worse, Has Globalization Peaked?
By many metrics, global integration has peaked. Is this a natural evolution– e.g. Is there a maximum desired share of foreign products in the consumption basket or maximum fragmentation of production into global value chains that can be achieved? Is this a beneficial outcome– e.g. Global integration has gone too far anyway, especially financial globalization. Considering these issues, the question really is– If globalization has peaked, is this to be welcomed or countered?
- Catherine L. Mann, Ph.D., Global Chief Economist, Citi
1:30 – 3:00 p.m. | Session II: Manufacturing & Productivity and the US Labor Force
- William Strauss, Senior Economist and Economic Advisor, Federal Reserve Bank of Chicago
- Kevin Kliesen, Business Economist and Research Officer, Federal Reserve Bank of St. Louis
- Leslie McGranahan, Vice President and Director of Regional Research, Federal Reserve Bank of Chicago
- Jeff Korzenik, Chief Investment Strategist, Fifth Third Bank
- Moderator: Kathleen Stephansen, Independent Trustee to the AXA-Equitable Mutual Funds, Senior Economic Advisor to the Boston Consulting Group Henderson Institute Center for Macroeconomics and GIC Vice Chair of Programs
3:00 – 4:15 p.m. | Session III: State of the State’s Fiscal Challenges
- Philippa Dunne, Editor, The Liscio Report
- John Mousseau, President, Chief Executive Officer & Director of Fixed Income, Cumberland Advisors
- Rick Mattoon, Senior Economist and Economic Advisor, Federal Reserve Bank of Chicago
- Moderator: Steve Sexauer, CIO, San Diego County Employees Retirement Association
4:15 p.m. | Concluding Remarks
- Don Rissmiller, Chief Economist, Strategas Research and GIC Chairman
Event Location
Federal Reserve Bank of Chicago
Moskow Auditorium
230 South LaSalle Street, Chicago, Illinois 60604-1413
Speakers
Jim Bianco
President and Macro Strategist at Bianco Research, L.L.C.Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim’s commentaries have offered a unique perspective on the global economy and financial markets.
Michael Drury
Chief Economist, McVean Trading & InvestmentsMichael Drury is the chief economist for McVean Trading & Investments, LLC. He joined the firm in 1992, after serving for five years as senior economist with Allen Sinai at Shearson Lehman Brothers and its successor firms. Michael began his career in New York in 1982 as senior economist at A. Gary Shilling and Company. He received his B.S. in economics from the Georgia Institute of Technology and did his graduate work at the University of Wisconsin-Madison.
Philippa Dunne
Co-Editor, The Liscio Report and Sightlines BulletinPhilippa Dunne is co-editor of two independent macro-economic newsletters: The Liscio Report, with a trading focus, and Sightlines Bulletin, which takes a longer perspective.
Kevin Kliesen
Business Economist and Research Officer, Federal Reserve Bank of St. LouisKevin L. Kliesen is a business economist and Bank Officer in the Research Division at the Federal Reserve Bank of St. Louis.
Jeffrey Korzenik
Chief Investment Strategist, Fifth Third BankJeff Korzenik is the Chief Investment Strategist for Fifth Third Bank. Jeff is a regular guest on CNBC, Bloomberg and Fox Business News, and his writings on economics and public policy have appeared in numerous national and regional publications.
Catherine L. Mann, Ph.D.
Member of the Monetary Policy Committee, Bank of EnglandDr Catherine L Mann joined the Monetary Policy Committee of the Bank of England on 1 September 2021. She is a member of the Council on Foreign Relations and the American Economic Association, among others. Previously she was Chair of the Economic Advisory Committee of the American Bankers Association.
Rick Mattoon
Senior Economist and Economic Advisor, Federal Reserve Bank of ChicagoRick Mattoon is a senior economist and economic advisor in the economic research department of the Federal Reserve Bank of Chicago. Mattoon's primary research focuses on issues that face the Midwest regional economy. Mattoon began his career at the Chicago Fed in 1990.
Leslie McGranahan
Vice President and Director of Regional Research, Federal Reserve Bank of ChicagoLeslie McGranahan is a vice president and director of regional research in the economic research department at the Federal Reserve Bank of Chicago. Her primary research interests relate to the effects of federal, state, and local government policy on individuals and households.
John Mousseau
President, Chief Executive Officer & Director of Fixed Income, Cumberland AdvisorsJohn Mousseau is currently the President, Chief Executive Officer, and Director of Fixed Income at Cumberland Advisors. In this capacity, John also serves as a portfolio manager and has overall responsibility for portfolio construction, management, analysis, trading, and research for all tax-free and taxable bond accounts. His comments and analyses have appeared in The Bond Buyer, Barron’s, the Wall Street Journal, Bloomberg, Forbes, the Philadelphia Inquirer, and the New York Times.
Donald Rissmiller
Founding Partner and Chief Economist of StrategasMr. Rissmiller is a founding Partner of Strategas and has directed the Firm's macroeconomic research efforts since 2006. He oversees Strategas' thematic research as well as high-frequency econometric forecasting.
Stephen Sexauer
Chief Investment Officer, The San Diego County Employees Retirement AssociationStephen Sexauer is SDCERA’s Chief Investment Officer and oversees SDCERA’s $14 billion Trust Fund, investment team, and investment consultants. In addition to the day-to-day operation of SDCERA’s Investment Division, he also assists SDCERA’s Board with determining the Fund’s investment policies, strategy and asset allocation.
Laura D. Speake
Energy & Transportation Regional Chief Economist, CaterpillarLaura joined Caterpillar in her current role in 2014. She is driven to develop a deep understanding the energy markets today, how the changes that are occurring in the near term and what the future may look like. Her experience from 19 years in the energy business cutting across technologies and fuels offers a unique perspective on the energy landscape of the future and the implications for Caterpillar.
Kathleen Stephansen
GIC Chair Emerita, Senior Economist for Haver Analytics and Trustee of EQAT Trust FundsKathleen Stephansen is GIC Chair Emerita, Senior Economist for Haver Analytics and Trustee of EQAT Trust Funds. She is the former Chief Economist of Huawei Technologies, Chief Economist of the American International Group (AIG) and AIG Asset Management’s Senior Strategist and Global Head of Sovereign Research. Prior to joining AIG in 2010, Kathleen was Chief Economist at Aladdin Capital Holdings, Credit Suisse’s Head of Global Economic Research, and Donaldson, Lufkin and Jenrette Securities Corporation’s co-head of Fixed Income economic research and Chief International Economist.
Bill Strauss
Senior Economist and Economic Adviser, Federal Reserve Bank of ChicagoWilliam A. Strauss is a senior economist and economic adviser in the economic research department at the Federal Reserve Bank of Chicago, which he joined in 1982. His chief responsibilities include analyzing the current performance of both the Midwest economy and the manufacturing sector for use in monetary policy.
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