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The Profits Perspective focuses on the determinants of total business profits and connects them to the financial workings of the economy. It uncovers hidden macroeconomic phenomena and provides unique, actionable investment insights.




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Latest Publications

SPECIAL REPORT: Bubble or Nothing

How the Long-Term Swelling of Household and Business Sector Balance Sheets Has Increasingly Forced Lenders, Investors, and Borrowers to Sacr…

In the News

  • David Levy tells Liz McCormick of Bloomberg news that ultimately there are limits to government debt–but the U.S. is nowhere near hitting them (September 11, 2020)
  • Research director Srinivas Thiruvadanthai discusses the disparity between surging profits and burgeoning small business failures on Bloomberg’s What’d You Miss? (August 26, 2020)
  • Larry Light writes in CIO Magazine about David Levy’s forecast for profits to hit a “sweet spot” in the third quarter of 2020 (August 12, 2020)
  • Kevin Kelly of The Delphi Podcast hears from Srinivas Thiruvadanthai about the economic and financial implications of global policy responses to the coronavirus crisis (August 7, 2020)
  • Srinivas Thiruvadanthai discusses post-crisis economic policy with Joe Weisenthal of Bloomberg (July 22, 2020)
  • David Levy tells Russ Banham of Chief Executive magazine to expect U.S. business profits to perk up in the third quarter (June 12, 2020)
  • Martin Wolf in the Financial Times discusses some of the conclusions of David Levy’s white paper, Bubble or Nothing (May 5, 2020)
  • CBS News quotes The Levy Forecast assessing the economic toll of the coronavirus: “Shuttering a sizable part of the economy is so devastating and financially destabilizing that, if not successful fairly quickly, it may become unsustainable.” (March 25, 2020)
  • The global economy has been a financial accident waiting to happen, and the catalyst may be a virus, says David Levy on Yahoo! Finance (March 12, 2020)
  • Randall Forsyth in Barron’s cites Srinivas Thiruvadanthai’s analysis of Treasuries as an increasingly effective hedge against equity market declines (February 28, 2020)
  • David Levy quoted in Associated Press saying that epidemic will test fragile global pyramid (February 26, 2020)
  • Srinivas Thiruvadanthai talks with Aaron Task and Stephen Alpher about government deficits as a reflection of the private profit sources on the Alpha Trader podcast (February 4, 2020)
  • Peter Coy of Bloomberg Businessweek writes on Minsky, profits, and the insights from David Levy’s white paper, Bubble or Nothing (December 19, 2019)
  • Srinivas Thiruvadanthai talks with Joe Weisenthal on Bloomberg’s Odd Lots about whether monetary policymakers focus too much on inflation at the expense of financial imbalances (December 6, 2019)
  • Kathryn Welling interviews David Levy on his new paper Bubble or Nothing and what makes the Profits Perspective so unique in Welling on Wall Street (November 1, 2019)
  • David Levy discusses in new detail the new paper Bubble or Nothing with Joe Weisenthal and Tracy Alloway on Bloomberg’s Odd Lots podcast (October 18, 2019)
  • Srinivas Thiruvadanthai discusses the sectoral financial balance approach to macroeconomics on the Macro Musings podcast with David Beckworth of the Mercatus Center at George Mason University (October 14, 2019)
  • David Levy talks about the Bubble or Nothing outlook for the global economy on Bloomberg’s What’d You Miss? with Joe Weisenthal (October 3, 2019)
  • Izabella Kaminska of FT Alphaville shares some thoughts on Levy’s new paper, Bubble or Nothing (September 27, 2019)
  • Randall Forsyth in Barron’s discusses David Levy’s call that cheap credit will impede, but not halt, a global weakening (August 9, 2019)
  • Larry Light writing in Fortune Magazine cites the Jerome Levy Forecasting Center’s warning that economic stress will spoil the illusion of safety in global credit (August 9, 2019)
  • Srinivas Thiruvadanthai describes the critical interplay between financial markets and the economy on Bloomberg’s What’d You Miss? (August 7, 2019)
  • Srinivas Thiruvadanthai discusses global markets from the Profits Perspective on Behind the Markets podcast with WisdomTree’s Jeremy Schwartz (April 16, 2019)
  • Srinivas Thiruvadanthai talks about the outlook for the Fed and fiscal policy and the intersection of the Profits Perspective with Minsky and Modern Monetary Theory on Real Vision with Michael Green (February 27, 2019)
  • Srinivas Thiruvadanthai on the prospects for Chinese stimulus and the 2019 economy on Bloomberg with Joe Weisenthal (December 20, 2018)
  • Srinivas Thiruvadanthai discusses the U.S. dollar, oil prices, and faltering emerging market growth on Bloomberg’s What’d You Miss? (October 20, 2018)
  • In two separate segments on Bloomberg’s What’d You Miss? Srinivas Thiruvadanthai discusses the reasons for EM weakness and the long-term bullish case for U.S. Treasuries (October 11, 2018)
  • In this wide-ranging interview, Joe Weisenthal of Bloomberg’s Odd Lots podcast hears from Srinivas Thiruvadanthai on the Profits Perspective, Post-Keynesianism, and the constraints on credit-driven economies (August 6, 2018)
  • David Levy on Bloomberg Radio discusses the market implications of a pickup in wage inflation (August 1, 2018)
  • Lawrence Light writes on David Levy’s inflation forecast in CIO magazine (July 2, 2018)
  • Randall Forsyth in Barron’s quoting the latest issue of The Levy Forecast® (June 30, 2018)
  • Greg Robb of Marketwatch writes about the Levy Forecasting Center’s forecast for an inflationary shock in the second half of 2018 (June 28, 2018)
  • Srinivas Thiruvadanthai on Bloomberg TV’s What’d You Miss? explaining why emerging markets are the weak link in the global economy (May 29, 2018)
  • Srinivas Thiruvadanthai sits down with Joe Weisenthal of Bloomberg to discuss the forces behind U.S. dollar strength in 2018 (May 15, 2018)
  • David Levy discusses the battle between higher profits and higher interest rates with Carol Massar on Bloomberg Radio (March 28, 2018)
  • Srinivas Thiruvadanthai cited in Bloomberg Markets saying that U.S. economic strength means interest rates are going up (March 14, 2018)
  • Srinivas Thiruvadanthai talks on Bloomberg Radio about why Bitcoin is a bubble but still has a lot further to go (December 26, 2017)
  • David Levy tells Larry Light of CBS Moneywatch that there is more to the stock market than politics (December 5, 2017)
  • Srinivas Thiruvadanthai discusses the interaction between financial markets and the real economy, as well as the reasons for hedge fund underperformance on Bloomberg’s What’d You Miss (November 13, 2017)
  • Srinivas Thiruvadanthai talks investing in a time of bubbles with Bloomberg’s Sid Verma (August 9, 2017)
  • David Levy discusses with journalist Cameron Cooper the role of excessive balance sheets in financial crises (August 8, 2017)
  • David Levy talks with Aleksandra Michalska of Reuters about the consequences of Fed interest rate and balance sheet moves in 2017 (July 25, 2017)
  • David Levy tells CBS Moneywatch that profits disappointments are coming in 2017 (June 21, 2017)
  • David Levy tells Larry Light of CBS Moneywatch that a change in Fed balance sheets “is not the issue most people think it is” (June 13, 2017)
  • Cardiff Garcia of FT Alphaville recommends a recent Levy Forecasting Center piece on weak business investment (June 6, 2017)
  • David Levy explains to Carol Massar and Cory Johnson of Bloomberg Radio why the Fed will have trouble getting back to “normal” (May 24, 2017)
  • Srinivas Thiruvadanthai talks tax cuts, emerging markets, and interest rates with Bloomberg Radio’s Lisa Abramowicz (May 17, 2017)
  • David Levy talks with Randall Forsyth of Barron’s about the outlook for profits in the first half of 2017 (March 25, 2017)
  • Srinivas Thiruvadanthai takes an in-depth look at the Treasury bond market on Bloomberg’s Odd Lots podcast (March 10, 2017)
  • David Levy discusses the 2017 outlook for profits, interest rates, and the U.S. dollar with Doug Krizner and Shery Ahn of Bloomberg Radio (January 25, 2017)
  • Srinivas Thiruvadanthai discusses both the short-term and long-term outlook for U.S. Treasury bonds on Bloomberg TV’s “What’d You Miss?” (January 25, 2017)
  • Robert King talks about how to spot a housing bubble with New Zealand’s Fairfax Media NZ (December 6, 2016)

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