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The Jerome Levy Forecasting Center LLC is the world leader in applying the macroeconomic profits perspective to business conditions analysis and economic forecasting. It conducts cutting-edge macroeconomic and macrofinancial research for the principals’ own investment activities and provides research and consulting services to financial institutions, fund managers, and nonfinancial firms. The Forecasting Center helps clients improve their decision-making, financial security, and profitability with economic insights that reveal risks and opportunties. It has an enviable forecasting record spanning many decades. Of the Levys’ foresight in the latest business cycle, Alan Abelson recently wrote in Barron’s: “[their] predictions of the decline and fall of the economy have been right as rain... They’ve been at this game a lot of years, and while not infallible (a quality restricted to popes and financial journalists), they have a truly extraordinary record of being right.” The Forecasting Center was built on the conviction that the profits perspective represents a powerful view on the operation of the economy with numerous advantages over more conventional approaches. 1. It focuses on the determinants of the level of total business profits, which is at the heart of business cycle dynamics. 2. It better incorporates financial issues into macroeconomic analysis; the profits perspective is inherently a financial approach that deals with aggregate revenues, expenses, cash flow, debt service requirements, assets, liabilities, and so forth whereas conventional macro focuses on physical output of goods and services and lacks explicit balance sheets, debt quality issues, and profits. 3. It is more consistent with real-world behavior than more commonly used economic approaches, 4. It is more flexible and better able to address emerging influences than the prevailing theoretical models. Especially Powerful in the Present Era- Insights from the Profits Perspective are of especially great strategic benefit in this unique period of economic history. There is still almost universal misunderstanding of the economy’s underlying condition, and conventional macroeconomic models will likely prove especially ineffective in the coming years. Three Generations/100 Years of Levy Forecasting- The
Forecasting Center represents three generations of
Levy family economic analysis. Jerome Levy developed the profits approach at
the beginning of the twentieth century. Today, David A. Levy, with over a
quarter century of experience, is chairman of the
THE JEROME LEVY FORECASTING CENTER, LLC
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