Kellogg World Alumni Magazine, Spring 2004Kellogg School of Management
In DepthIn BriefDepartmentsClass NotesClub NewsArchivesContactKellogg Homepage
Kellogg launches international initiative
Dean Jain honored by India's PM
Conferences bring innovation, top leaders to Kellogg
Executive Education's U.K. connection
Kellogg offers leadership training to FBI

Prof. Robert McDonald's textbook a hit, at Kellogg and beyond

Investment Banking Club wins JP Morgan honor
GIM turns 14
Kellogg case studies grab larger market
PowerUp brings alumni together
Brian Wesbury speaks at TMP
Address Update
Alumni Home
Submit News
Internal Site
Northwestern University
Kellogg Search
  Kellogg guest speaker and alum Brian Wesbury
Brian S. Wesbury '89

Economic guru and alum addresses Kellogg School TMP community

Brian S. Wesbury '89, named the "best economic forecaster" by The Wall Street Journal for 2001, presented his insights on the U.S. economy to students, alumni and prospective students at the Kellogg School's Alumni Speaker Series.

The speech, held Feb. 4, launched the new speaker series sponsored by the Kellogg part-time MBA program, The Managers' Program.

Wesbury addressed tensions in the United States following the war in Iraq, changes in the technology industry and concerns over an increase in jobs moving offshore. He nevertheless forecasted positive trends for the U.S. economy, predicting that growth will be similar to what was seen in the late 1990s.

Wesbury, first vice president and chief economist at the investment banking firm Griffin, Kubik, Stephens & Thompson Inc., said he expects that interest rates will increase around May 2004 and that there will be a 6 percent treasury yield within the next year. Additionally, unemployment rates will fall, he predicted, and inflation will rise to 3 percent in 2004 and 4 percent in 2005. 2004 will also provide 20 to 25 percent growth in profits for companies, he said.

"In the end," Wesbury said, "I'm very optimistic about the future."

For more than 20 years, Wesbury has been forecasting the economy for the U.S. Congress, investors, bankers and traders. He is regularly featured on CNBC and CNN and in Barron's, Investor's Business Daily and Forbes.

--- Terry Jimenez

©2002 Kellogg School of Management, Northwestern University