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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.




Our clients are deep thinkers who want to understand macroeconomic phenomena before making investment or business decisions. If you are interested in having a member of our research staff contact you about our services, please provide an email address below and click ‘Submit.’


Latest Publications

SAMPLE: Did Treasury Yields Just Peak?

Writing just hours after Treasury bond yields reached their June zenith, David Levy gave several reasons why yields would not go higher in t…

SAMPLE: Inflation Complacency

In the wake of CPI inflation accelerating to a multidecade high in December 2021, a great many economists and other assorted analysts were f…

In the News

  • Peter Coy writes in the The New York Times about David Levy’s forecast for a rising personal saving rate in 2023 to cause “serious-to-severe recessionary profits declines.” (December 2, 2022)
  • David Levy pushes back against the idea that rising rates will not rock capital markets or the economy in an interview with CFO. (January 19, 2022)
  • Robert King tells Bloomberg news that strong aggregate profits and upward wage pressures go hand in hand. (November 30, 2021)
  • David Levy quoted in Bloomberg news, “Market constraints on the further expansion of fiscal deficits are far more likely to show up in emerging-market countries and some others, not in the United States.” (March 16, 2021)
  • 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)
  • 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)
  • 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)
  • 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)
  • 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)
  • 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)
  • 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)
  • David Levy discusses the battle between higher profits and higher interest rates with Carol Massar on Bloomberg Radio (March 28, 2018)
  • 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 talks with Randall Forsyth of Barron’s about the outlook for profits in the first half of 2017 (March 25, 2017)

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