Independent Economist, Forecaster and Strategist

Thomas Lam

Tom has over two decades of experience in the realm of economics and finance, with expertise ranging from covering the global economy, deciphering financial markets, including macro forecasting, to advising on investment strategy.

He commenced his career in New York, initially at a large money-center bank and then at a hedge fund.  Thereafter, while in Singapore, he worked at two financial institutions and later joined academia.  

Tom has been consistently ranked among the top five most accurate economists in the world on forecasting the US economy overall (placed third, last published by the “Bloomberg Rankings of Top Forecasters”).  During the Global Financial Crisis, he was also acknowledged as the second-best US forecaster worldwide.  

Moreover, he was exclusively identified by Bloomberg to have accurately predicted the onset of the 2009 US recovery 16 months ahead of the official announcement.  Consequently, he has been widely publicized as one of “Wall Street’s Most Prophetic Economists”.

Charting Beyond the Sanguine Stock Market

Fed Snap (Jan 31 Meeting): Current & Future Takeaways

Is the Unemployment Rate Drifting Higher or Lower?

Taking a Stab at Monitoring the Macro Pulse of China

Will Euro Shrink to Parity to the Dollar on Diverging Macro Economic Conditions?

Macroeconomics

<ul>
<li>One common measure of global equity market valuation has hovered consistently below the US ratio over the last decade or so</li>
<li>Two different measures of valuation suggest that the US equity market appears to be fairly stretched   </li>
<li>Over the next decade, the real return on US equities is likely to be lower than the last 10 years, perhaps with some risk of it being subzero on average</li>
</ul>


One common measure of global equity market valuation has hovered consistently below the US ratio over the last decade or so
Two different measures of valuation suggest that the US equity market appears to be fairly stretched   
Over the next decade, the real return on US equities is likely to be lower than the last 10 years, perhaps with some risk of it being subzero on average


Charting Beyond the Equity Market Headlines