Brian Wesbury

Last updated
Brian Wesbury
Born
Brian S. Wesbury

(1958-09-08) September 8, 1958 (age 65)
Academic career
Institution Wheaton College
Field Macroeconomics
Economic forecasting
Alma mater

Brian S. Wesbury (born September 8, 1958) is an American economist focusing on macroeconomics and economic forecasting. He is the economics editor and a monthly contributor for The American Spectator , [1] in addition to appearing on television stations such as CNBC, [2] Fox Business, [3] Fox News, [4] and Bloomberg TV [5] frequently. He is a member of the Academic Advisory Council of the Federal Reserve Bank of Chicago, and for five years served as an adjunct professor of economics at Wheaton College in Wheaton, Illinois.

Contents

Webury is currently Chief Economist for First Trust.

Early life and education

Wesbury was born in Ann Arbor, Michigan. He attended Rock Bridge High School in Columbia, Missouri. [6]

In 1981, Wesbury received his BA in Economics from the University of Montana.

Wesbury also attended Northwestern University for graduate level business studies, and received his MBA from Northwestern University's Kellogg Graduate School of Management in 1989.

Professional career

In 1982, Wesbury began his career at the Harris Bank in Chicago.

Wesbury served as Vice President and Economist for the Chicago Corporation from 1990 to 1992 and then as Senior Vice President and Chief Economist for Griffin, Kubik, Stephens, & Thompson, a Chicago Investment Bank from 1992 until 2005, except for 2 years while he served on Capitol Hill.

In 1995 and 1996, Wesbury served as Chief Economist for the Joint Economic Committee of the U.S. Congress. [7]

In October 1999, McGraw-Hill published Wesbury's first book, "The New Era of Wealth". [8]

In 2004, Wesbury was honored by USA Today as one of the top 10 economic forecasters [9] in the United States, and ranked by The Wall Street Journal as the nation's #1 U.S. economic forecaster in 2001. [10]

In October 2009, Wiley & Sons published Wesbury's second book "It's Not as Bad as You Think" [11]

Chief Economist of the Joint Economic Committee

Beginning in January 1995, this Committee provided information for members of the US Congress regarding policy decision-making and economic growth objectives. Here, Wesbury directed and advised committee members and members of congress on policy matters and relating to the United States and other nations.

Wesbury after government

After a 13-year stay as Chief Economist for Chicago investment bank Griffin, Kubik, Stephens, & Thompson, and time away from the private sector to serve in government, Wesbury is currently Chief Economist for First Trust, a financial services firm located in Wheaton, Illinois. [12]

Related Research Articles

In economics, a recession is a business cycle contraction that occurs when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending. This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale anthropogenic or natural disaster.

Business cycles are intervals of expansion followed by recession in economic activity. A recession is sometimes technically defined as 2 quarters of negative GDP growth, but definitions vary; for example, in the United States, a recession is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." The changes in economic activity that characterize business cycles have implications for the welfare of the broad population as well as for private institutions. Typically business cycles are measured by examining trends in a broad economic indicator such as Real Gross Domestic Production.

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References

  1. "Brian Wesbury | The American Spectator". Spectator.org. Archived from the original on 2013-09-17. Retrieved 2014-08-27.
  2. "wesbury - CNBC". Search.cnbc.com. Archived from the original on 2016-12-20. Retrieved 2014-08-27.
  3. "Search for wesbury". Foxbusiness.com. Archived from the original on 2015-09-24. Retrieved 2014-08-27.
  4. "Search for wesbury". Fox News.
  5. "wesbury - Bloomberg Search". Bloomberg. Archived from the original on 2014-09-03.
  6. "Rock Bridge High School". Columbia.k12.mo.us. Archived from the original on 2014-05-20. Retrieved 2014-08-27.
  7. "Brian Wesbury, Nationally Renowned U.S. Economic Forecaster, Joins The Heartland Institute as Senior Fellow". Heartland Institute / Heartland.org. Retrieved 2014-08-27.
  8. "New Era of Wealth How Investors Can Profit from the 5 Economic Trends Shaping the Future Later Printing: Amazon.com: Books". Amazon. 1999-01-01. Retrieved 2014-08-27.
  9. "Top 10 economic forecasters". USA Today. March 29, 2004.
  10. "Economic Forecasters Expect Moderate Recovery in 2002 - Wesbury Led a Group Of Bears Who Called The Recession of 2001". Camillieconomics.com. 2002-01-04. Archived from the original on 2013-02-13. Retrieved 2014-08-27.
  11. Wesbury, Brian S. (9 November 2009). It's Not as Bad as You Think: Why Capitalism Trumps Fear and the Economy Will Thrive: Brian S. Wesbury, Amity Shlaes: 9780470238332: Amazon.com: Books. ISBN   978-0470238332.
  12. "Archived copy" (PDF). Archived from the original (PDF) on 2015-09-24. Retrieved 2010-12-17.{{cite web}}: CS1 maint: archived copy as title (link)

Bibliography