“Asset Classes for Strategic and Tactical Allocation”
Featured Speaker
David Ranson
President and director of research
H. C. Wainwright & Co. Economics Inc.
The chief economic drivers of asset performance are growth and inflation. But economic statistics are snapshots of the past, and provide little guidance to asset allocation. The best leading indicators of economic and investment performance come from financial asset prices.
Movements in spreads in the multinational corporate bond market foretell whether economic growth will be above or below average. Movements in the gold price foretell whether inflation will be above or below average.
Four primary asset classes can be identified, each of which excels in a different combination of above- or below-average growth and inflation. They are: domestic equities, government bonds, gold and non-precious commodities.
Guests: $15.00
Speaker's Bio:
Prior to becoming a general partner of Wainwright in 1977, Mr. Ranson taught economics at the University of Chicago Graduate School of Business. He has been an assistant to then Treasury Secretary William E. Simon, and a member of George P. Shultz’s personal staff at the Office of Management and Budget. Prior to his service in Washington, he was a member of the Boston Consulting Group. David Ranson has addressed audiences and published articles on a wide range of economic and investment topics, and has provided testimony to a number of Congressional committees. His work has also appeared in the Wall Street Journal, The New York Times, The Christian Science Monitor and other publications. He holds an M.A. and B.Sc. degrees from Queen’s College, Oxford, and an M.B.A. in finance and a Ph.D. in business economics from the University of Chicago.