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Recovery 2013 — Strength or Stagnation?

VIDEO May 23, 2013

After Michael Drury of McVean Trading & Investments welcomes guests to Milan, President Charles Plosser of the Federal Reserve Bank of Philadelphia speaks, and David Kotok of Cumberland Advisors and John Silvia of Wells Fargo respond (moderated by Manus Cranny of Bloomberg).

Speaker / Author

Charles I. Plosser, Ph.D.

Board Member, FINRA and Former President and CEO, Federal Reserve Bank of Philadelphia

Dr. Charles Plosser was president and chief executive officer of the Federal Reserve Bank of Philadelphia. In this role, he participated on the Federal Reserve System's Federal Open Market Committee, which is responsible for conducting our nation's monetary policy. He currently serves on the FINRA Board of Governors. Dr. Plosser joined the Philadelphia Federal Reserve Bank in 2006. During his term, he and his colleagues faced the challenges of a global financial crisis followed by a severe recession. The Federal Reserve took unprecedented actions, in both monetary policy and in its lending operations, that helped mitigate the effects of the financial crisis and ... Read More

Manus Cranny

Markets Reporter, Bloomberg Television

Manus Cranny is a markets reporter for Bloomberg Television, covering international equities, treasury bonds, commodities, Forex trading and breaking business news around the world. He is based in London. Cranny brings more than 20 years of business and media experience to his role at Bloomberg Television. He began his career in boutique fund management for high-net worth investors and went on to become a London-based institutional broker at First Chicago Bank, now part of JP Morgan Chase. In that role, Cranny covered futures, options, derivatives and bonds for institutional investors in the Middle East including Saudi Arabia, Dubai, Oman and Abu ... Read More

Michael Drury

Chief Economist, McVean Trading & Investments

Michael Drury is the chief economist for McVean Trading & Investments, LLC. He joined the firm in 1992, after serving for five years as senior economist with Allen Sinai at Shearson Lehman Brothers and its successor firms. Michael began his career in New York in 1982 as senior economist at A. Gary Shilling and Company. He received his B.S. in economics from the Georgia Institute of Technology and did his graduate work at the University of Wisconsin-Madison. Michael assesses macroeconomic developments around the world to help develop hedging strategies using futures markets in interest rates, currencies and industrial materials. He travels ... Read More

David Kotok

CIO of Cumberland Advisors

David R. Kotok cofounded Cumberland Advisors in 1973 and has been its Chief Investment Officer since inception. He holds a B.S. in economics from The Wharton School of the University of Pennsylvania, an M.S. in organizational dynamics from The School of Arts and Sciences at the University of Pennsylvania, and an M.A. in philosophy from the University of Pennsylvania. Mr. Kotok’s articles and financial market commentaries have appeared in The New York Times, The Wall Street Journal, Barron’s, and other publications. He is a frequent contributor to Bloomberg TV and Bloomberg Radio, Fox Business, and other media. Mr. Kotok has served as ... Read More