Paul Kasriel is Legacy’s Senior Economic and Investment Advisor. Since 2013 he has worked across Legacy’s wealth management initiatives, consulting on investment strategies with his innovative research.
Paul is an author and economist who began his career as a research economist at the Federal Reserve Bank of Chicago. He continued his career in the economic research unit of The Northern Trust Company for over 26 years and was named Senior Vice President and Director of Economic Research in 2000. The accuracy of the Economic Research Department’s forecasts has consistently been highly-ranked in the Blue Chip survey of about 50 forecasters over the years. To that point, Paul received the prestigious 2006 Lawrence R. Klein Award for having the most accurate economic forecast among the Blue Chip survey participants for the years 2002 through 2005.
The accuracy of Paul’s 2008 economic forecast was ranked in the top five of The Wall Street Journal survey panel of economists. In January 2009, The Wall Street Journal and Forbes cited Paul as one of the few who identified early on the formation of the housing bubble and foresaw the economic and financial market havoc that would ensue after the bubble inevitably burst. While at Northern Trust, their economic website was listed as one of the top ten most interesting by The Wall Street Journal.
Paul has taught courses in finance at the DePaul University Kellstadt Graduate School of Business, the Northwestern University Kellogg Graduate School of Management and has served on the Economic Advisory Committee of the American Bankers Association. Paul is the co-author of a book entitled Seven Indicators That Move Markets.
In addition to working with Legacy’s investment team, Paul contributes commentaries using his often non-consensus analysis of economic and financial market issues that are sent electronically to subscribers of Legacy publications. A catalog of Paul’s most recent commentaries can be found at The Econtrarian.