Jim Hickey’s American Politics

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Christian Broda is the Intellectual of Wall Street

While most academics remain isolated in their ivory tower offices, a precious few get involved in the public arena to make things better for the masses of people. These experts are sometimes public intellectuals who critique social problems. Others offer their opinions on economic and political issues. One such intellectual is Christian Broda, a tenured professor at the University of Chicago. His ideas about the American and global economies are influencing the way that brokerage firms and governments set monetary policy.

Education
Mr. Broda is highly educated. Moreover, his schooling comes from a diversity of places. In 1997, Broda completed a Bachelor of Arts degree at the University of San Andres in Argentina. Through hard work and perseverance, he was able to do so with Summa Cum Laude honors.

Broda next matriculated at the Massachusetts Institute of Technology (MIT), where he graduated with a Master of Arts in economics two years later. Then, in 2001, only four years after finishing his undergraduate degree, Broda earned a doctorate (Ph.D.) in economics from MIT.

This rapid completion of a doctorate is rare, especially at such academically rigorous institutions as MIT. It was apparent to all at the school that Dr. Broda was one of the brightest in the economics community.

Positions
Since 2008, Professor Broda has served as a tenured member in the University of Chicago Economics Department. He has published numerous articles for some of the most widely regarded academic journals, including American Economic Review, Journal of International Economics and Quarterly Journal of Economics.

Broda also became the Managing Director of Duquesne Capital, a hedge fund, in 2010. A New York-based firm, Duquesne is at the center of global investing action.

Opinions
Unlike some of his colleagues and competitors, Mr. Broda refuses to take the easy road by criticizing U.S. monetary policy. When recession hit the country in 2009, many analysts embraced emerging market economies. The claim was that the U.S. had seen its best days. It was only a matter of time, this thinking went, that the American dollar would no longer be the benchmark of all other currencies.

Dr. Broda looked hard at the evidence, employed his years of experience and arrived at a different conclusion. The emerging markets had fundamental weaknesses that would keep inflation low in the United States. Consequently, inflation has not risen over 5 percent, proving the professor correct. The dollar remains overall strong and stable against other currencies.

Talk of the demise of the American dollar was premature, vindicating Christian Broda’s advice to continue investing in U.S. stocks. Then again, what else would one expect from such a successful economist but prescient analysis.

Not only does Christian Broda have opinions on the state of the national economy and globalization, he has also offered his advice on starting hedge funds as seen in CNN. For more information on Christian Broda, check out his Wikipedia page.

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