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 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 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.’
‘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.’
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.