This week on our Masters in Business podcast, we speak with Ed Yardeni of Yardeni research.
He studied economics under Nobel Laureate James Tobin at Cornell, then got his Ph.D. from Yale. His first job after school was as an economist at the Federal Reserve in Washington, D.C. and in New York City. But he became bored with what was an academic-like job, and craved the immediate feedback of markets.
Yardeni headed to Wall Street, rising to become Yardeni was Chief Economist at E.F. Hutton, Prudential Securities, and CJ Lawrence. He eventually became Chief Investment Strategist at Deutsche Bank Securities. He is the rare economist who focuses more on the investments than he does on official government data.
Yardeni describes how he happened to discovered potential problems with computer code in the 1990s. He was an early and vocal advocate for upgrading information systems to avoid potential catastrophe. We also discuss the impact of the Fed on markets, and what challenges the global economy face.
Next week we speak with Laurence Juber, 2-time Grammy Award winning recording artist and former lead guitarist for Paul McCartney & Wings.