David Paul Goldman (born September 27, 1951) is an American economic strategist and author, best known for his series of online essays in the Asia Times under the pseudonym Spengler with the first column published January 1, 2000.[1] The pseudonym is an allusion to German historian Oswald Spengler, whose most famous work, Decline of the West (1918), asserted that Western civilization was already dying. Goldman says that he writes from a Judeo-Christian perspective and often focuses on demographic and economic factors in his analyses; he says his subject matter proceeds "from the theme formulated by [Franz] Rosenzweig: the mortality of nations and its causes, Western secularism, Asian anomie, and unadaptable Islam."[2] On March 14, 2015, Goldman and longtime Asia Times associate Uwe Von Parpart joined an investor group that took control of Asia Times HK Ltd. He became Deputy Editor (Business) at Asia Times in 2020. Goldman was global head of credit strategy at Credit Suisse 1999-2002, Global Head of Fixed Income Research for Bank of America 2002-2005, and Global Head of Fixed Income Research at Cantor Fitzgerald 2005-2008. He subsequently was a partner at Yunfeng Financial in Hong Kong, an investment bank later acquired by Jack Ma. He continues to advise CEOs and institutional investors. He is a regular contributor to Claremont Review of Books, Law and Liberty, Tablet Magazine, the Wall Street Journal, and First Things (where he was senior editor during 2009-2011).
Panel at NATO75: Hungary and the Future of NATO Conference
From 1976 to 1982, Goldman was responsible for economic publications in the Lyndon LaRouche movement.[3] Goldman has described himself during that period as a radical and an atheist. After leaving the LaRouche movement, he became a conservative, and worked for the Reagan administration and later on Wall Street.[4]
Since 1984, Goldman has been employed as an economic strategist and CEO of investment funds and investment policies in senior positions in bodies such as Credit Suisse,[5] Bank of America, Cantor Fitzgerald, Asteri Capital,[5] and SG Capital. After leaving Wall Street, he became an editor for First Things magazine.[5] In September 2013, Goldman became a Managing Director and head of the Americas division of the Reorient Group investment bank based in Hong Kong. He left Reorient in early 2016.
Goldman has previously directed research departments at financial institutions, including global fixed- ncome research at Bank of America (2002-2005) and credit strategy at Credit Suisse (1998-2002). From 1994 to 2001 he was a columnist for Forbes magazine and had publish articles in publications such as The Wall Street Journal, Commentary, and Bloomberg Businessweek.[5]
Goldman has also published articles in musicology journals and other publications and written several books. Between 2002 and 2011, Goldman served as a member of the board of directors of Mannes School of Music, where he was formerly a teacher.[citation needed]
He is a Washington Fellow of the Claremont Institute, Senior Fellow at the London Center for Policy Research, and a member of the Board of Advisors of Sino-Israel Government Network and Academic Leadership (SIGNAL), and is Senior Editor of the American monthly First Things.[6]
Goldman regularly appears as a guest on CNBC's Larry Kudlow Program, where he has been an outspoken critic of Federal Reserve efforts to resuscitate the American economy.
In "Dumb and Dumber", a widely commented upon piece for Tablet magazine in May 2013, Goldman argued how both Republican and Democratic foreign policy elite in the United States have wrongly put their faith in the so-called Arab Spring.[8] In Goldman's view, economic and demographic realities could condemn many Arab states to state failure.[8][9]
In "Deplorably, Trump is going to win", published in Asia Times about two months before the 2016 U.S. Presidential Election, Goldman correctly predicted Donald Trump would win the presidency.[10]
In "Why Russia won't invade Ukrainistan," published three days before the Russian invasion of Ukraine in Asia Times, Goldman incorrectly predicted that Russia wouldn't invade Ukraine.[11]
↑ Goldman, David Paul (May 7, 2009). "Confessions of a coward". First Things. I have good reason to believe it to be true, having spent some years — from 1976 to 1986 — in a gnostic cult under the leadership of a man named Lyndon LaRouche.
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