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meet the team
Led by Dr. Allen Sinai, Chief Economist and Strategist, the DE Global Research Team collaborates to provide comprehensive monitoring, interpretation and analyses of fundamentals and factors impacting U.S. and Global Economies and Markets. The Team is comprised of several of the most talented researchers, central bank and policy analysts and econometric modeling professionals on Wall Street. Our approach includes a strong independence and objectivity which is evident in all aspects of our research and conclusions.
- allen at a glance:
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- allen in the press:
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CHIEF GLOBAL ECONOMIST AND STRATEGIST
Dr. Allen Sinai is Chief Global Economist and President of Decision Economics, Inc. (DE), a U.S. and Global
economic and financial market information, forecasting, and advisory firm with locations in New York, London, and
Boston. He is responsible for the forecasts and analyses of the U.S. and Global economies and financial markets
and translating this information to decisionmakers in financial institutions, corporations, and government. Over
many decades, independent and nonpartisan, he has advised policymakers in Washington, Japan and globally, the
U.S. Congress, and both Republican and Democratic Administrations on the economy, macroeconomic outlook and
policies, the financial markets, and strategy.
Known for his forecast accuracy and pioneering use of a National Economic and Financial Information Systems
(NEFIS) approach to forecasting and the identification and forecasting of “Big Wave” trends in the U.S. and world
economies. Dr. Sinai brings to his work a unique blend of academic research, understanding of the structure and
workings of the U.S. and Global economies and financial markets, extensive hands-on experience working and
participating in financial markets and for financial institutions, involvement in Washington and other centers of
policy, business and investment experience.
Among his most well-known forecasts was advance warning and the forecasting of “The Great Recession and
Financial Crises of 2006-07 to 2009” and the “L”-like anemic and unprecedented lackluster upturn thereafter instead
of the widely expected “V” rebound. The collapse of the U.S. economy and financial markets was forecast well inadvance
by Dr. Sinai. The subsequent Equity Bull Market, still ongoing eight years later, that began in March 2009
was forecasted by Allen in late 2008 and early 2009, cemented on March 10, 2009 by him. Earlier in his forecasting
career, in 1983, Allen correctly forecasted the coming Reagan economic boom and later the Stock Market Crash of
October 1987, where on the Friday night before the Monday Crash on Louis Rukeyser’s Wall Street Week, Allen
indicated the coming collapse. And, as early as 1992, he forecasted the coming 1990s economic boom and the Great
Equity Bull Market of the 1990s. He correctly forecasted the Recessions of 1990-91 and 2000-01, the former even
though the original published data did not say so.
While teaching at the University of Illinois-Chicago in 1971, Allen was hired by the pioneer econometric forecasting
firm, Data Resources, Inc. (DRI), headed by Harvard Professor Otto Eckstein, in Lexington, Mass., with whom he
worked closely for almost 15 years (1971-83), rising to Chief Financial Economist, Co-Builder of the DRI Model of
the U.S. Economy, and Co-Director of the Financial Institutions Group (FIG). Hired by Lehman Brothers in 1983,
he went to “Wall Street” where he became a Managing Director and Lehman’s Chief Global Economist from 1983-
96, working with all areas of the Firm and its clients. He was also Executive Vice President and Chief Economist at
The Boston Company (1987-93), an investment and private banking subsidiary of Shearson Lehman Brothers. For
22 years, 1992-2014, he served on the Board of Directors of Boston Private Financial Holdings (BPFH), a national
private banking and wealth management firm.
In addition to being Full Professor (from Asst. Professor) at the University of Illinois-Chicago (1966-75), Allen has
taught at a number of universities and colleges, including Brandeis University (1988-96), the Sloan School of
Management at MIT (1989-91), New York University (1984-88), Boston University (1981-83), the Massachusetts
Institute of Technology (1975-83), Lake Forest College (1964-65), and Northwestern University (1963-64). He has
published over 60 articles in academic journals and books, testified before the U.S. Congress dozens of times,
regularly writes Commentaries and Economic Studies for clients. He is a past President of the Eastern Economic
Association (EEA) (1990), was President of the North American Economics and Financial Association (NAEFA)
(2004), and a Member of the Board of Economists for Peace and Security (EPS).
Dr. Sinai has been often quoted in the written media and has frequently appeared on U.S. and international television
and radio, as perhaps the most widely quoted economist of his time. He has given hundreds of speeches, lectures
and seminars to organizations and associations in academics, business, financial and other settings in the U.S. and
internationally. In 1992, Dr. Sinai was selected as one of the ten “Smartest People” in Boston by Boston Magazine.
As a Member of the Time Magazine Board of Economists (1980s and 1990s), Time has said of him, “Anyone who
thinks economics is a dismal science has never been treated to the vivid commentaries of Allen Sinai.”
Allen obtained a B.A. Degree in Economics from the University of Michigan (1961), M.A. and Ph. D. Degrees in
Economics from Northwestern University (1966 and 1969). His wife Lee is a U. of M. graduate (1963) and an
The Sinais have two children and five grandchildren—daughter Lauren is also a graduate of U. of M. and holds an
MBA from Northwestern’s Kellogg School. Their son Todd is a Professor at the Wharton School, with a Ph.D. in
Economics from M.I.T.. The Sinais reside in Lexington and Edgartown, Massachusetts, their daughter Lauren and
her family live in Evanston, Illinois, and son Todd and his family are in Merion Station, just outside of Philadelphia.
Click on a video below to watch a compilation of Allen’s interviews
A History of Early and Accurate
As a true conduit between Economies and Financial Markets, Allen Sinai has become known for anticipating several key shifts in market cycles and the fundamentals behind them. The timeline below highlights key events in economic history and Allen’s conclusions in advance. Full reports are available upon request.
|A. 2008 US Economic Recession and Financial Market Devastation||E. May 2012: Equity Market Correction|
|B. April 2009: US Equity Bull Market Begins||F. June 2015: Yellow Flag of Caution|
|C. 2010 A Jobless Recovery, L with and uptilt and Shocks to the system||G. August 2015: Yellow Flag of Correction 10%-15%|
|D. 2011 No Double Dip, Upside to US GDP, Equities Benefit||H. October 2015: The Correction is Over|
Dr. Cary Leahey
Senior Adviser and Chief U.S. Economist
Dr. Cary Leahey is a Senior Adviser and Chief U.S. Economist of Decision Economics. Prior he was Chief U.S. Financial Markets Economist at Lehman Brothers and held positions with Deutsche Bank, High Frequency Economics, and General Motors. Dr. Leahey also served on the staffs of the White House OMB and CEA. Dr. Leahey has a Ph.D. in Economics from the University of Pennsylvania. Within his primary focus on the US economy, he gives special attention to fiscal and monetary policy, The U.S. Budget and Capital Formation
Mr. Andrew Husby, CFA
Associate Chief U.S. Economist and Chief Sector/Industry Economist
Mr. Andrew Husby specializes in investment strategy, working to develop U.S. and Global Asset Allocations, and maintains the bottom-up S&P500 Sector Industry earnings models. He also covers Canada and a number of Emerging and Developing Countries. Mr. Husby earned an A.B. in Economics from Princeton University and is a CFA charter holder.
MR. RAN LIU
Mr. Ran Liu develops, operates, and maintains high-frequency econometric forecasting models and collateral information systems of the major economies. He contributes analytical research reports with an emphasis on China and Japan. Prior to DE, he was an analyst at a quantitative macro hedge fund. Mr. Liu earned his B.A. in Mathematics and Economics from Franklin & Marshall College and is currently a CFA Level II candidate.