Hedge fund managers, market analyst and serial economists Eswar Prasad and Christian Broda portray a picture of the US international currency dominations as the dollar bulls. The economists recommend that the U.S. should forget of its currency supremacy and embrace the reality of government debts which is mostly unaccounted for. This might end up making the U.S. dollar less worth as compared to the paper it is printed on.
Christian Broda is frequently associated with economics and financial planning as he has a solid background and experience in the specified fields. Professor Broda’s research addresses problems in international trade, macroeconomics, and finance. He currently serves as the Managing Director of Duquesne Capital Management, faculty research member at the National Bureau of Economic Research and a fellow editor of the Journal of Development Economics. He is also involved in a variety of hedge fund start-ups. Before working at Duquesne Capital Management, Broda served as a professor of Economics at the University of Chicago. He holds a Bachelors Degree in Economics from the Universidad de San Andres in Argentina and a Masters Degree and a PhD from MIT.
He has made various publications and has had a golden opportunity to present his work and research findings at universities and banks across the world such as Federal Reserve, the IMF, and the ECB.
Economists such as Christian Broda perform a vital task in the economy. They frequently analyze historical events and use them to forecast future economic events. They research and scrutinize data using various statistical methods and programming such as statistical analysis, spreadsheets, and database management.
Economists study how the society allocates scarce resources including raw materials, land, and labor to produce products and services. They carry out research, cluster and analyze data, monitor economic trends and come up with predictions on economic affairs. They scrutinize areas such as effects of taxes, employment levels, interest rates, business cycles among others. Their analysis and predictions are published in journals and newspapers.
Most economists work for entities to elaborate how the economy affects their business. They analyze microeconomic issues of a firm such as customer demands and sales. Others analyze competitor’s market share and provide recommendations on ways of dealing with the competition. Others take keen interest in legislation made by Congress like workers’ and environmental safety regulations and gauge how such laws will influence the corporation. Other organizations that operate internationally employ economists to oversee the economic situations in countries they do business.
The government employs a greater half of all economists in the country. Such economists conduct surveys and collect the major part or economic data about the U.S. economy. They gather data on the production, allocation and consumption of products manufactured in the U.S. as well as analyzing data on the domestic economy.