David Malpass

David Malpass is president of Encima Global, an economic research and consulting firm serving institutional investors and corporate clients. His work provides insight and analysis on global economic and political trends, with investment research spanning equities, fixed income, commodities, and currencies. Formerly Bear Stearns’ chief economist, Malpass’s team ranked second in the Institutional Investor ranking of Wall Street economists in 2005, 2006, and 2007. Malpass co-authors the Current Events column in Forbes magazine and his opinion pieces appear regularly in the Wall Street Journal. He sits on the boards of the Economic Club of New York, the Council of the Americas, and the National Committee on U.S.-China Relations.Between February 1984 and January 1993, Malpass held economic appointments in the Reagan and Bush administrations. He was deputy assistant Treasury secretary for developing nations, a deputy assistant secretary of State, Republican staff director of Congress’s Joint Economic Committee, and senior analyst for taxes and trade at the Senate Budget Committee.In his government positions, Malpass worked on an array of economic, budget, and international issues, including: the 1986 tax cut, several congressional budget resolutions, the Gramm-Rudman budget law, the savings-and-loan bailout, NAFTA, the Brady plan for developing-country debt, and fast-track trade authority. He was a member of the government’s Senior Executive Service and has testified frequently before Congress.From 1977 to 1983, Malpass worked in Portland, Ore., as a CPA with Arthur Andersen’s systems consulting group, as controller for Consolidated Supply Co., and as a contract administrator at Esco Corp., a steel foundry.Malpass received a bachelor’s degree in physics from Colorado College and an MBA from the University of Denver. He studied international economics at Georgetown University’s School of Foreign Service, and speaks Spanish, French, and Russian.

Politics & Policy

What to Make of Washington?

With economic growth and short-term interest rates increasing steadily, issues in Washington are taking on added importance for the outlook. In some areas, we have setbacks. The nomination of Harriet Miers ...
Politics & Policy

Living With Rate Hikes

The markets are now pricing in more rate hikes from the Federal Reserve and some inflation. That’s appropriate. This is not a Goldilocks economic environment of fast growth and low ...
Politics & Policy

Assertions, Responses

The recent economic and market bearishness is simply not justified by the data. For nearly every negative, pessimistic assertion being made today about economic conditions, there is a factual, data-driven ...
Politics & Policy

Tax-Cut Vote Likely

The visibility of budget issues is rising in Washington. Federal Reserve chairman Alan Greenspan has increased the urgency of his warnings on the deficit situation, and the confusion stalling Social ...
Politics & Policy

Litigation Jitters

The financial markets have reacted in a predictably negative fashion to the prospect of legal challenges to another U.S. presidential election. Bond yields, equities, and the dollar are all down, ...