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
Nation Sep 17Is the Federal Reserve printing a free lunch?
The Federal Reserve is nearing the final drawdown of its quantitative easing program, which, in several ways, has helped reduce the budget deficit. But has that really been such a free lunch, asks economist Terry Burnham?…
Nation Aug 28The real financial monster: low interest rates
At an economic conference in Jackson Hole, Wyoming, last week, Federal Reserve Chair Janet Yellen said the central bank is awaiting more recovery in the labor market before deciding when to raise interest rates. That was bad news for economist…
Nation Jul 14The Dow may be above 17,000, but not for long
A year after economist Terry Burnham predicted the Dow Jones Industrial Average would hit 5,000 before 20,000, it closed above 17,000 Monday. But Burnham is sticking by his call, introducing a scorecard to track the macroeconomic policies underlying the impending…
Nation May 21Why one economist isn’t running with the bulls: Dow 5,000 remains closer than you think
The impending end of the government's unprecedented monetary and fiscal policies will be a revelatory moment for the U.S. economy. Will the market continue booming without those interventions? Terry Burnham isn't buying that it will.
Economy Jan 30Is your money safe at the bank? An economist says ‘no’ and withdraws his
The Fed policies of Ben Bernanke and Janet Yellen, who begins her term Feb. 1, are making former Harvard economist Terry Burnham withdraw his money from Bank of America.
Economy Jul 11Ben Bernanke as Easter Bunny: Why the Fed Can’t Prevent the Coming Crash
The Dow may have risen nearly 170 points Thursday, but don't expect it to stay that way, argues Terry Burnham. Photo courtesy of Stan Honda/AFP via Getty Images. Paul Solman: Despite today's 170 point rise in the Dow, Terry…
Economy May 08The Stockholm Syndrome and Printing Money
By Terry Burnham A note from Paul Solman: Former Goldman Sachs trader, biotech entrepreneur, money manager and economics professor at Harvard's Business School and Kennedy School of Government (where he taught me microeconomics), Terry Burnham, now teaching at Chapman College,…