About Us
pi
Economics is dedicated to providing economic analysis that is most relevant
to the medium-term direction of global stock, bond, currency and commodity
markets.
Tim Lee
 Tim Lee was educated
at Magdalene College, Cambridge University
and prior to founding pi Economics in Connecticut, he spent 21 years working
as an economist for major asset management companies in London and Hong Kong.
He spent nine years in Hong Kong with GT Management (later LGT Asset Management),
before returning to London to work with GT, followed by INVESCO Asset Management,
and then Friends Ivory and Sime (now ISIS) Asset Management.
 Tim Lee is the author of two books – the highly regarded book “Economics
for Professional Investors” (1st edition 1992, 2nd edition, Prentice
Hall 1998) and “Why the Markets Went Crazy (And What it Means for Investors)” (Palgrave
Macmillan, November 2003). “Economics for Professional Investors” was
listed as one of the “Best Investment Books” by Forbes Global magazine.
He has also had articles published in many journals and newspapers, including
articles published in the Comment and Analysis section of the Financial Times.
‘Tim Lee is a rarity in the financial world – an economist with
an outstanding forecasting record who also understands markets. His book is
essential reading for those seeking to understand the complex interaction between
economic trends, equity and bond market movement and ultimately individual
stock prices.’
Roger Yates,
CEO
Henderson Global Investors
‘Tim Lee has written a rigorous, yet lucid and broadly accessible diagnosis
of the greatest financial mania in history. Lee, an experienced master of the
art and science of applied economics, convincingly argues that the bubble of
the 1990s wasn’t a garden variety cyclical bubble, but a global and structural
one. As it unwinds, Lee foresees a sobering picture of severe currency weakness
and ultimately more inflation. Readers of this first-rate book will, among
other things, glean some useful insights on how best to brace for these twin
curses.’
Steve H. Hanke,
Professor of Applied Economics
The Johns
Hopkins University
The Meaning of: |
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pi, the symbol p, is the ratio of the circumference of a circle to its diameter.
Pi cannot be expressed as the ratio of two integers, nor even as a root
or as the solution of an algebraic equation with rational coefficients.
Its expression as a decimal never terminates and never starts recurring.
pi Economics stands for professional investment economics. Financial market
cycles never precisely recur and their relationship to economic variables
is not linear or constant. But the course of the markets is ultimately
determined by economic forces. The challenge for investors is to understand
those forces and how they interact with each other and with the financial
markets.
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