As of December 1, 2023, the Jerome Levy Forecasting Center LLC has ceased offering client services to focus on managing our own investments.

What people say about us

“[Jay and David Levy’s] predictions of the decline and fall of the economy have been right as rain. Father and son, 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.”


“I have followed the work of the Jerome Levy Forecasting Center for well over a decade and have found it a uniquely valuable and insightful resource. The Center’s dual focus on the sources of profits and the effects of financial activity on the economy substantially differentiates the analysis from traditional Wall Street macroeconomic research. As an aid to me in anticipating economic events and formulating investment strategies in these turbulent times, it stands heads above any other research available.”

CHUCK CLOUGH, Chairman and CEO, Clough Capital Partners, LLC; former Chief Investment Strategist, Merrill Lynch

“[T]he key determinant of [economic] system behavior remains the level of profits. [My] financial instability hypothesis incorporates the Kalecki-Levy view of profits, in which the structure of aggregate demand determines profits.”

HYMAN MINSKY, seminal 20th century economist whose financial instability hypothesis has gained popularity in the wake of the financial crises of recent years. Often overlooked by his admirers is that the Profits Perspective was at the core of his analysis.

“I learned to pay attention to the connections between economic theory and daily events by watching my father [Jerome Levy] investing according to his theories on the interplay of capital spending, profits, and the course of the economy… [L]ong after Dad died, I continued to turn to Jay, and then David as well, who have turned Dad’s ideas into a set of tools for making economic predictions.”

LEON LEVY, former senior partner of Oppenheimer & Co.; founder of the Oppenheimer mutual fund empire; founding partner in Odyssey Partners

“I have followed the Levy forecasts for 45 years. If I had to make do with only one tool to help me succeed, it would be the insights of the Levy Forecasting Center.”

BRIAN F. WRUBLE, former Chief Investment Officer and Executive Vice President of Equitable Life; former CEO, the Delaware Group Mutual Funds

“Mainstream economic theories are not adequately explaining consumer and government behavior in this cycle. Wall Street practitioners are thus turning to alternative theories, and the Levy-Kalecki formula—independently developed by New York physicist-entrepreneur Jerome Levy in 1914 and Polish economist Michal Kalecki in 1935 and then unified by American economist Hyman Minsky in the 1960s—is helping to better elucidate the relationship among debt, savings, and profits.”


PO Box 327
Mount Kisco, New York 10549


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