David L. Smith
David L. Smith has the education, experience and proven track record to reassure audiences he knows what he is talking about. A Dartmouth- and Stanford-trained economist, futurist and market strategist, Smith’s views have intrigued audiences for 24 years in the U.S., Canada, Mexico, Europe and Japan. A seasoned, compelling speaker, Smith’s informative and entertaining presentations provide stimulating, thought-provoking economic and financial insight, accurate forecasts and profitable strategies highly customized to meet the needs of diverse audiences.
With singular independence of mind and uncanny insight, Smith explains what is going on in the global economy and financial markets—the good, the bad and the ugly – and how investors and businesses can avoid surprises and deploy resources so as to avoid losses and capture profits in volatile times. If you want “nothing but blue skies” try a sunshine pundit; however if you want to know what is really going on and how to profit from it, listen to David L. Smith.
As an independent economist, Mr. Smith has been praised for his objective and original insight, free of commercial bias. Rejecting the herd instincts of the conventional wisdom, Smith’s uncanny forecasts and timely and profitable strategies have enabled his audiences to reap handsome rewards and avoid substantial losses from numerous major events including:
* The 1986 oil price crash and subsequent booming economy and financial markets
* The 1987 stock market crash. Exit signal given October 16, 1987, 3 days before crash.
* Rebounding economy and stock market. Re-entry signal October 31, 1987.
* The 1990-91 Gulf War, oil-price spike, stock market slump and recession
* The sluggish stock market in 1994
* The resumption of the bull market in 1995
* The peak in the stock market in 2000. Exit signal given January 4, 2000
* The recession of 2001
* The bull market in gold immediately following 9/11/01
* The devaluation of the dollar beginning in 2002
* The Third Oil Shock beginning in 2003 and ensuing inflation
* The economic and stock market rebound in 2003. Re-entry signals April-June 2003
* The ‘Stagflation’ of 2008
Born and raised in Argentina, Mr. Smith colors his presentations with a bi-cultural international perspective. Smith earned his bachelor's degree with honors in economics from Dartmouth College and his master’s degree in finance with distinction from the Stanford Graduate School of Business. His broad perspective on the world economy and financial markets was gained through a 35-year career in the financial arena, including securities analysis with Wells Fargo Bank, Shuman Agnew (an NYSE-member firm later acquired by Morgan Stanley) and Capital Analysts, a national NASD-member firm; mergers and acquisitions with Piper Aircraft Corporation; national securities underwriting as president and CEO of Alma Securities, an NASD-member firm, and as author of Cyclical Investing now in its 25th year of publication and more recently, The Cassandra Chronicles, an invitation to think outside the box by "studying the present in light of the past for purposes ofthe future." (J.M. Keynes)
He is quoted in the print and broadcast press, including national magazines such as Money and Financial Planning, The Financial Times of London’s The Banker and newspapers including The Wall Street Journal Online, television, including CNBC, PBS and numerous local television and radio stations.
Why book David L. Smith?
Assured satisfaction: The depth, breadth and clarity of the presentation exceeded their expectations. (See testimonials.) Smith will only accept assignments he can fulfill at a high standard of excellence, and will decline engagements outside his area of expertise. His talks are jargon-free, using punchy slides and adding occasional humor, engaging audiences so they understand the critical issues affecting their business and personal lives. You can expect positive feedback from a satisfied audience.
Broad appeal: Extensive list of satisfied clients includes diverse associations, corporations, broker-dealers and educational institutions (see partial client list.) He reaches a broad mix of audiences with varying degrees of sophistication.
Impeccable credentials: Degrees with honors from Dartmouth and Stanford, 35-year career encompassing a broad range of accomplishments in economic/financial analysis and planning/mergers and acquisitions and forecasting, including president and CEO of a nationwide securities underwriter, 21 years as a respected newsletter writer and 21-years as a professional speaker. Broad media presence in TV, radio, newspapers and
magazines.
Highly customized presentation: based on extensive advance consultation assures you the material will directly address the audience’s needs, interests and concerns at their level, understandably and without jargon.
Exceptional accuracy of economic and financial forecasts: As an independent economist, his forecasts are not tainted by commercial biases. Accuracy is essential to audiences who base business and personal decisions on the material presented (see bio for my previous forecasts). A noteworthy prediction in January 2000 warned of an impending stock market selloff and advised audiences to preserve capital by selling all stocks for a 3-year period
Budget friendly: Speak with Convention Connection about his fees, which you will find to be reasonable, particularly in view of the customization options offered.
Topics Include:
- Profit and Peril in the 21st Century
- Economic and Financial Outlook
- U.S. Monetary and Fiscal Policy
- The Asian Caper: Profit and Peril
- The Contrarian Mindset
- The “Third Oil Shock”
- Principles for Investment Success
- Cyclical Business Strategies
- European Economic Outlook
- Asian Economic Outlook
- The Cassandra Chronicles
The Upside of the Downside
When the Tech-Dot-Com bubble burst in 2000 and the 9/11 attacks traumatized the world economy, we were reminded of the peril as well as profit in today’s new economy. As the millennium approached and sunshine pundits saw nothing but blue sky ahead, Smith clearly warned his audiences of approaching “clouds in the silver lining,” that could rain on the economy. He also provided strategies to avoid the dangers of crashing stock markets, international crises, a sagging U.S. economy and “sticky” long-term interest rates. His contrarian resource allocation strategies—recommending gold and a profitable withdrawal from the plunging stock market between January 4, 2000 until April 2003 proved to be the most valuable information his audiences could use and the most expensive advice to ignore. Long before Chairman Bernanke uttered the “R” word in April 2008, Smith warned of the dangers of recession caused by “cascading defaults” stemming from a meltdown in U.S. housing and recommended a winning investment strategy for the first quarter of 2008: long positions in oil, gold, euros and British pounds while avoiding the global slump in stocks.
With singular independence of mind and uncanny insight honed over a quarter century of economic and financial forecasting, Smith explains what is going on in the global economy and financial markets—the good, the bad and the ugly. He discusses current and projected U.S. nd global economic conditions; U.S. monetary and fiscal policy; international trade; currencies, energy, financial and investment markets.
Recognizing the ancient Chinese wisdom in the definition of “Crisis,” namely “Danger” and “Opportunity,” Smith always finds the “Upside to the Downside,” clearly establishing a blueprint for profit in times of financial peril.
Learn how to avoid surprises and deploy business and personal resources to avoid losses and capture profits in volatile times. If you want “nothing but blue skies” try a sunshine pundit. However, if you want to know what is really going on and how to profit from it personally and professionally, listen to David L. Smith.
The Asian Caper: How to Surf the Coming Financial Tsunami
Following the massive devaluations in the wake of the “Asian Flu” in 1997, the economies of Asia have aggressively accumulated vast trade surpluses with the U.S., in particular. Asians have recycled their dollar surpluses back into the U.S. economy, producing bubbles in the U.S. stock and housing markets, which in turn have stimulated U.S. demand for Asian exports. Former Fed Chairman Paul Volker has warned that “This seemingly comfortable pattern can’t go on forever,” adding “Altogether the circumstances seem to me as dangerous and intractable as any I can remember.”
Smith addresses four critical related questions:
- When are Asians likely to stop lending money to the U.S.?
- What will happen to the U.S. economy and financial markets whenthey do?
- Where will Asians then invest their money?
- What can consumers, investors and business decision-makers do to avoid oss and capture profits in the aftermath of the Asian financial tsunami?
The answers might just be the most valuable information you can use, and the most expensive advice to ignore.
The “Third Oil Shock”: Avoiding Loss and Capturing Gains from the Developing Oil Crisis
The economic outcome for the foreseeable future will be largely determined by the contest between the interests of industrial capital and petroleum over the price and availability of oil. As a raw material, lubricant and primary source of energy, oil is the global economy’s most critical commodity. Consequently, an understanding of current and projected oil prices, availability, sources and uses over the next decade is essential for decision-makers in both the private and public sectors. In his ground-breaking presentation, Houston-based economist and oil-market commentator David L. Smith assesses global oil supply and demand conditions, citing respected authorities in the field, enabling his audiences to anticipate how the price and availability of oil will affect their business and personal lives. Oil prices have quintupled in the past five years, fulfilling Smith’s longstanding predictions of a “Third Oil Shock.” What’s ahead for global oil markets? By revealing the dynamics of the international oil market on the world economy, Smith shows how to position resources to avoid losses and capture gains in a world dominated by volatile oil prices.
Other Presentations Include:
* THE CLASH OF CIVILIZATIONS: Christianity vs. Islam Redux. Accommodation
or Armageddon?
* EAST IS EAST AND WEST IS WEST: The Asian-Pacific and European Economic
Outlook
* FIVE AND DIME: Strategies for investment success
* PROHIBITION’S HANGOVER: The Income Tax -- Why a Graduated National
Sales Tax is Better
* ECONOMIC AND FINANCIAL IMPLICATIONS OF ELECTION 2008

