Paul Allen McCulley (born March 13, 1957) is an American economist and former managing director at PIMCO. He coined the terms "Minsky moment" and "shadow banking system", which became famous during the Financial crisis of 2007–2009. He is currently a senior fellow at Cornell Law School. He was also a generalist portfolio manager and member of the investment committee in the Pimco Newport Beach office. In addition, he headed PIMCO's short-term bond desk, led PIMCO’s cyclical economic forums and was author of the monthly research publication, Global Central Bank Focus. Prior to joining PIMCO in 1999, he was chief economist for the Americas at UBS Warburg. During 1996–98, he was named to six seats on the Institutional Investor All-America fixed-income research team. He has 25 years of investment experience and holds an M.B.A. from Columbia Business School. He received his undergraduate degree from Grinnell College. He retired from PIMCO in December 2010 and joined the Global Interdependence Center thinktank. McCulley adheres to Keynesian economics, and was particularly influenced by Hyman Minsky. He is a regular guest of CNBC and Bloomberg Television providing investment commentary.
Paul McCulley, former PIMCO chief economist, David Zervos, Jefferies chief market strategist, and Seth Carpenter, Morgan Stanley global chief economist, join 'Closing Bell' to recap Federal Reserve Chair Powell's press conference. Powell announced the Fed will double the speed of the taper and leave rates unchanged.
Watch Tuesday's full episode of Mad Money with Jim Cramer — November 23, 2021. Watch Jim Cramer's full interview with Gap CEO Sonia Syngal. Cramer discusses rising food prices, says some inflation is tolerable as labor market recovers. 2 hours ago. watch now. VIDEO07:35. Watch Jim Cramer's full interview with...
America wants a kinder, gentler capitalism; it doesn't want galloping socialism. You get it: Trickle up must reassert its democratic power against plutocratic trickle down. Pursuit of a more perfect union between the equity imperative of democracy and the profit imperative of capitalism should not, and need not, always be a partisan spitting contest.