Upcoming Events
OUTLOOK FOR THE HONG KONG ECONOMY AND FINANCIAL SYSTEM
John Greenwood, founder and chief economist of the International Monetary Monitor started his career in 1970 as a visiting research fellow at the University of Tokyo. In 1974 he joined GT Management as Chief Economist, based initially in Hong Kong and later in San Francisco. The firm was acquired by Invesco in 1998. When GT Management merged with Invesco, he became Chief Economist with responsibility for providing economic analysis and forecasts to portfolio managers and clients until he retired in 2021.
As editor of Asian Monetary Monitor in 1983, he proposed a currency board scheme for stabilising the Hong Kong dollar that is still in place today. John was a director of the Hong Kong Futures Exchange Clearing Corporation (1987-91), and in 1992 became a council member of the Stock Exchange of Hong Kong. He was also an economic adviser to the Hong Kong Government. He has been a member of the Committee on Currency Board Operations of the HKMA since 1998.
John’s most famous book is a compendium of essays written in Asian Monetary Monitor together with additional explanatory text and published by Hong Kong University Press: “Hong Kong’s Link to the US Dollar: Origins and Evolution” (1st edition 2007, 2nd updated edition 2022).
John is a Fellow of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at Johns Hopkins University in Baltimore. He holds an MA and an Honorary PhD from the University of Edinburgh.
Past Events
BROKEN BRITAIN AND HOW TO FIX IT!
Allister Heath became editor of The Sunday Telegraph in April 2017. His columns are widely read for their penetrating insights and provocative commentary on economic and financial affairs.
He has worked for The Daily Telegraph, initially as a columnist, from 2012. From 2014 to 2017, he was deputy director for content and the paper’s deputy editor. Previously, he was editor of City A.M., a business newspaper, from 2008 to 2014; he was an associate editor at The Spectator, continuing in this role until 2008, and a contributing editor at the magazine from 2008 to 2011.
Heath undertook a number of roles at The Business, a London-based magazine. In 2002, he was its economics correspondent, then from 2002 to 2005 was economics editor and leader writer, rising to the roles of deputy editor (2005–06) and editor (2007–08).
From 2000 to 2002, Heath was editor of the European Journal and head of research at the European Foundation. Since then, he has mostly worked in journalism. In 2006, he became an associate editor at The Spectator, continuing in this role until 2008. He was a contributing editor at the magazine from 2008 to 2011.
Heath has also been Wincott Visiting Professor of Business Journalism at the University of Buckingham (2005–2007). He was chairman of the 2020 Tax Commission from 2011 to 2012, authoring The Single Income Tax: Final Report of the 2020 Tax Commission for it in 2012.
His first book, A Flat Tax: Towards a British Model (co-written with D. B. Smith), was published in 2006.[6][7][8] The same year, his book At a Price: the true cost of public spending, was also published.
THE OUTLOOK FOR HOUSING MARKETS, FOCUSING ON THE US AND UK, WITH OBSERVATIONS ON GERMANY AND CANADA
Halkin is very pleased to welcome John Calverley, as the lunchtime speaker on Tuesday 20 February 2024.
John is Chief Economist at Tricio Investment Advisors, a consulting firm providing investment research and advice to professional investors including IFAs, family offices and fund managers. He has over 45 years’ experience in international economic research, investment advice and risk analysis. He was Chief Economist and Strategist for American Express Bank and Head of Macroeconomic Research for Standard Chartered. He has sat on asset allocation committees in London, New York and Geneva and advised wealth managers and private clients around the world.
John contributed to the CFA training programme materials on Capital Market Expectations and has run numerous investment training programmes for clients. He is a Fellow and former Chairman of the UK Society of Professional Economists.
His books include Investors Guide to Economic Fundamentals, (2002) and Bubbles and how to survive them, (2004) which warned of the risks of a US housing crash.
CANCELLED – THE DILEMMA OF THE US FED IN SEEKING TO MANAGE THE TREASURY YIELD CURVE IN 2024
Brian’s concern is that, if the Fed keeps marching on with QT it will eventually run into a banking crisis and overcorrect with liquidity provisions that are likely to lead to credit expansion and soon after inflation. There is a risk that the Fed will bumble into “too tight” and jump backwards in shock to “too easy”. Either the BTFP becomes permanent (another brick in the Yield Curve Control (YCC) structure), or they’ll have a liquidity crisis on their hands come the spring and they’ll end up providing emergency liquidity and then still end up with a permanent term repo facility.
Brian Pellegrini is the Founder of Intertemporal Economics and the firm’s Senior Analyst. Brian founded Intertemporal Economics in 2018, previously he worked with Bernard Connolly as a senior analyst at Connolly Insight, where he specialised in Geopolitical Event risk, Monetary Policy, Labour Markets and Energy. Prior to Connolly Insight, Brian was employed in various positions across Wall Street, including working with high-growth technology firms raising capital, structuring options trades and valuing asset-backed securities. Brian has an MBA from Columbia University, a Master of Science in Finance from North-Eastern University and a Bachelor of Science in Computer Science from Columbia University. He is also a CFA charter holder.
Intertemporal Economics uses an in-depth analytical framework, which is based on microeconomic foundations. This allows an understanding of endogenous factors and patterns of human behaviour that cannot be analysed using quantitative techniques alone. The firm’s research focuses on topics affecting economics, interest rates and asset prices in developed and emerging markets.
Please let me know if you would like to join this zoom event.