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Dan North

Chief Economist at Euler Hermes and 1 other company
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Since 1996, Dan North has been with Allianz Trade, the world’s oldest and largest credit insurance company. As the company’s senior economist for North America, he uses macroeconomic and quantitative analyses to help manage Allianz Trade’ risk portfolio of over $170B in U.S. trade transactions.

As one of the leading U.S. economists, Dan North has appeared on CNBC, Fox Business News, ABC News Now, France 24, and Bloomberg Radio and Television. He has been quoted by USA Today, Barron’s, Bloomberg Business Week, The Washington Post, Paris Le Monde, and The Wall Street Journal. After having predicted the 2008/2009 recession and its implications accurately, Dan North was ranked 4th on Bloomberg’s list of the 65 top economic forecasters in 2010.

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  • “Moving convincingly toward 2% doesn’t just mean hitting 2% for one month. It means hitting 2% or less for months and months in a row,” North said. “We’re a long way from that, and that’s probably what’s going to show tomorrow as well.”

  • "If you're Jay Powell, and you're looking at the growth side of the economy, you're saying, 'Well, it's doing fine—look at personal consumption, look at the labor market. It doesn't need any stimulus, so I don't need to cut rates from that perspective,'" North said. "And if I look at the inflation side: To look at that core number, we're at 2.8%. That's not 2%. ...We're a long, long way from that as well. So this just keeps Jay Powell out for several months."

  • Allianz Trade's North isn't as concerned about the Q1 GDP report. "We already know what happened in January and February," he said. "So that's when the Friday report becomes so much more important." He considers the personal income and outlays report to be just as important as the monthly employment report, "because it shows what the consumer is doing, and that's 70% of the economy."

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