Chan Economics LLC, Public Speaker
Chief Global Economist & Public Speaker JPM Chase ('94-'19).
Senior Economist Barclays ('91-'94)
Economist, NY Federal Reserve ('89-'91)
Econ. Prof. (Univ. of Dayton, '86-'89)
Rite of Passage
Life begins for most with the age of innocence. It is a time when we feel protected and insulated against many of the harsh realities of life
Exploring the Choices Ducks and Humans Must Make to Survive
The global pandemic hit the economy in a way that wasn’t dissimilar to the existential risk that ducks face each year in areas with variable climates. Some fly south in search of warmer weather. Others opt to stay and develop a survival strategy. For those that choose to stay, finding a place to reside with enough food until their favorite pond thaws is a priority.
The True Meaning of Green
As a child, my mom conditioned me to believe that green signaled success, happiness, and money! For a person growing up in a New York City low-income public housing project lacking at least two of these three amenities, it was something that left a deep impression on me as a child.
How a Bull Can Help Us Manage Our Careers
During his Wall Street career, Albert was able to experience many peaks and troughs in the economy and financial markets during his career. Although most people tracking the life of Wall Street investment bankers and traders tend to focus on the positive outcomes enjoyed by members of this club, many should know that the price of riding this profitable roller-coaster involves incredible bouts of stress and challenges.
How A Marigold Flower Saved Me from a Mental Breakdown
After losing his dad at the age of 10 due to a brain aneurysm, Alfred did whatever he could financially to help his mom. She worked cleaning offices and waitressing jobs. Alfred began working at the age of 11, selling a weekly local newspaper to commuters catching trains on their way to work. After doing this job for two years, he moved up to working at a local fast-food restaurant as a cook, janitor, and cashier. As Alfred started high school, he also worked as a janitor for a community center while continuing his fast-food career.
Growing Up With Sharks
Curiosity as a young child came with the territory for Aesop. That extended to sharks because of all the tales that he heard from his mom, Pamela, who often used scary tales as a disciplinary tactic. She told him that disobedient children were vulnerable to shark attacks whenever they visited the beach.
Will the Early Ending of the Extra $300.00 UI Benefit Lower U.S. Unemployment Rates?
Despite the rise in Initial Unemployment Claims for the week ended on July 17, 2021, the downtrend from the start of the year remains encouraging. And from an economic perspective, it would be reasonable to assume that reducing the financial incentive to stay at home for lower-income workers would boost employment levels. For example, an individual earning a minimum wage of $7.25 or lower (as is the case in 20 U.S. States) might be motivated to stay at home if they received $250.00 in regular UI benefits plus $300.00 in enhanced benefits, i.e., $550.00 per week. By way of comparison, at a $7.25 wage rate, that same individual working 40 hours per week would earn just $290.00 per week while also incurring commuting and possibly childcare expenses.
Finding a Mysterious Package
While the U.S. appears to be recovering from the destruction of Covid-19, the threat to its economic recovery remains real. After cycling through a healthy dose of stimulus payments, data from the University of Chicago, and the University of Notre Dame, estimated the U.S. poverty rate jumped rose to 11.7% in March 2021 from a reading of 9.1% in May 2020.