Terry Burnham is a former Goldman Sachs employee, money manager, biotech entrepreneur and economics professor at the Harvard Business School. He’s the author of “Mean Genes” and “Mean Markets and Lizard Brains” and now teaches finance at Chapman University. You can follow him at www.terryburnham.com.
Terry’s Recent Stories
Economy Jan 31Column: The stock market hates Trump’s economic policies
Don't let Dow 20,000 fool you. Stock market behavior indicates for every $3 the Trump plans give to companies in taxes, $1 is being destroyed by other actions, Terry Burnham writes.
Economy Jan 25Column: How Chicken Little got Dow 20,000 so terribly wrong
Economist Terry Burnham predicted that the Dow Jones Industrial Average would hit 5,000 before it hit 20,000. With the Dow hitting 20,000 today, Burnham discusses how he got it so wrong.
Economy Dec 12Column: Why the Fed may aggressively raise rates in 2017
To understand Janet Yellen’s motivation, consider that it has been seven years since the last U.S. recession ended. Since World War II, recessions have arrived about once every six years. Another recession is coming; the only unknown is the date.
Economy Jun 29Column: The monetary bubble to end all bubbles is coming
The world’s central banks are likely to vastly increase their money creation, resulting in the biggest monetary bubble ever, with perhaps $100 trillion more new money on its way into the global economy, predicts economist Terry Burnham.
Economy Apr 08How have Chicken Little’s investments fared in this rough year for stocks?
Terry Burnham is the “Chicken Little” of finance because of his repeated calls that the Dow will plummet. So how does Burnham invest his own money?…
Economy Nov 16Column: The 3 poisonous pillars of government economic policy
Increased government debt, stimulative Chinese government policy and loose money created by central banks do more harm than good, writes economist Terry Burnham.
Economy Sep 17Column: We have met the enemy, and it is the Fed
What the economy needs is not an end to the Federal Reserve’s interest rate policy, but rather an end to the Federal Reserve itself.
Nation Apr 01Where does Chicken Little invest?
You might think of economist Terry Burnham as the "Chicken Little of Finance." That's because he's repeatedly argued that the Dow will hit 5,000 before it hits 20,000. Since he first made that forecast in the summer of 2013, the…
Nation Feb 16The Pleistocene investor who predicted Dow 5K: How does 18K feel?
Economist Terry Burnham is well know for predicting that the Dow would hit 5,000 before it hit 20,000. Now that the Dow has closed above 18,000, Burnham isn't abandoning his forecast, but he is speaking openly about the physical and…
Nation Nov 24So you thought quantitative easing was over? Think again
The Federal Reserve ended its bond buying program, known as quantitative easing, at its latest policy meeting in October. But economist Terry Burnham isn't buying that. He sees a form of "stealth QE" continuing where the Fed buys even more…