Bachelor, University of Michigan, 1973; Master of Arts, Michigan State University, 1976; Doctor of Philosophy, Michigan State University, 1977.
Chief economist Federal Reserve Bank New York, 1977-1982. Economist, fedwatcher Irving Trust Company, 1982-1985. Chief economist, executive vice president Nikko Securities Co International, Inc., 1986-1999.
Chief economist Ecobest Consultant, Fact and Opinion Economics. Adjunct professor Columbia University, since 1978. Appeared frequently on television, radio as finance specialist, since 1983.
Member Money Marketeers New York University (board directors since 1966, president).
Married Kathleen Hays.