David A. Levy, Director/Chairman
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Levy was appointed by President Clinton to the Commission to Study Capital Budgeting in 1997 and was also selected for the federal government’s Competitive Policy Council Infrastructure Subcouncil. He has given briefings, consultations, and testimony to members of Congress, administration officials, and Federal Reserve governors. Levy has been frequesntly quoted and cited in financial press and general press and appeared on financial and general current event programs on the major broadcast and cable networks, including Bloomberg, CNBC, CNNFN, and BBC. He has been featured on such programs as the Lehrer NewsHour, Firing Line and the Today Show. Early in his career, Levy spent two years in market research before leaving the field to work closely with S Jay Levy as an associate and then partner at Levy Economic Forecasts. He became the director of the Levy Institute Forecasting Center when it was established in 1991. He also served on the Board of Governors of The Jerome Levy Economics Institute of Bard College from 1986 until 2001, and as vice chairman from 1988 to 2001. Levy is the author of many articles and the coauthor, with S Jay Levy, of Profits and the Future of American Society, published by HarperCollins. He graduated from Williams College Phi Beta Kappa with a B.A. in mathematics and received an M.B.A. from the Columbia University School of Business, where he was elected to the Beta Gamma Sigma honor society.
THE JEROME LEVY FORECASTING CENTER, LLC
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David A. Levy is the world’s foremost expert in applying
the powerful profits perspective to economic analysis. He scored his
first professional forecasting coup (while still an undergraduate) when
he predicted the explosive 1975 to 1980 growth of the labor force, which
virtually everyone, including the Labor Department, failed to anticipate.
Now, three decades later, he is widely recognized as one of the
nation’s most insightful and original economists and forecasters.
One of Levy’s best-known triumphs was forecasting (and coining
the term) "the contained depression" of the early 1990s; he
anticipated both the nature of the unfolding malaise and the financially
troubled, sporadic recovery that followed it—before most analysts
even recognized there was a danger of recession. This analysis and interest
rate forecasts associated with it led to record gains in financial markets
for many of his clients. He also exposed the 1990s stock market
boom as a crucial part of a global financial bubble, forecasting that
it would end when the Federal Reserve was forced to restrain the U.S.
economy, causing a slowdown that would spiral into a severe global recession
and debt crisis.