In this episode of The Sherman Show, David Zervos, Ph.D., Chief Market Strategist for Jefferies LLC and Chief Investment Officer for the Global Macro Division of Jefferies Investment Advisers, LLC, describes how his academic path mutated to macroeconomics from electrical engineering, his stints in the Federal Reserve and Bank of England, and ultimately making his way into the private sector, including hedge funds and sell-side firms before matriculating at Jefferies. Then Mr. Zervos and DoubleLine’s Jeffrey Sherman and Samuel Lau dive into a discussion of managing money through financial crises, his insider’s view at the Fed during the crafting of Quantitative Easing to avoid another Great Depression, unconventional monetary policy becoming conventional, why he disbelieves Phillips Curve theory, his evolving views on inflation and risk parity among other topics.
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