David A. Levy is the world’s foremost expert in applying the Profits Perspective to economic analysis, with over 30 years of professional forecasting experience.
On multiple occasions, Levy’s maverick analysis and interest rate forecasts have led to extraordinary gains in financial markets for clients. In the latest business cycle, Levy’s forecasts for a severe collapse of profits and a financial meltdown led to large gains for investors in the Levy Forecast Fund. Another of Levy’s triumphs was forecasting (and coining the term) “the contained depression” of the early 1990s; he anticipated both the nature of the unfolding malaise and the financially troubled, sporadic recovery that followed it. He was also early to expose the 1990s stock market boom as a crucial part of a global financial bubble, forecasting that it would end when the Federal Reserve was forced to restrain the economy, causing a slowdown that would spiral into a severe recession and debt crisis.
Levy has given briefings, consultations, and testimony to members of Congress, administration officials, and Federal Reserve governors. He was appointed by President Clinton to the Commission to Study Capital Budgeting in 1997 and was also selected for the federal government’s Competitive Policy Council Infrastructure Subcouncil.
Levy has been frequently quoted in the press and has appeared on numerous major broadcast and cable networks, including Bloomberg, CNBC, and BBC. He has appeared on such programs as the Lehrer NewsHour, Firing Line and the Today Show.
Early in his career, Levy spent two years in market research before leaving the field to work closely with S Jay Levy as an associate and then partner at Levy Economic Forecasts. He became the director of the Levy Institute Forecasting Center when it was established in 1991. He also served on the Board of Governors of The Jerome Levy Economics Institute of Bard College from 1986 until 2001, at which time Levy Forecasts separated from the Institute and returned to the for-profit sector as the Jerome Levy Forecasting Center, LLC.
Levy is the author of many articles and the coauthor, with S Jay Levy, of “Profits and the Future of American Society,” published by HarperCollins. He graduated from Williams College Phi Beta Kappa with a B.A. in mathematics and received an M.B.A. from the Columbia University School of Business.