Todd G. Buchholz is an American economist, and author of New Ideas From Dead Economists, New Ideas From Dead CEOS as well as Bringing the Jobs Home, Market Shock, and From Here to Economy. His 2011 book Rush: Why You Need and Love the Rat Race was named a top ten book in the social sciences by Publishers Weekly. Rush is a synthesis of neuroeconomics and evolutionary psychology. A former senior economic advisor at the White House, Buchholz holds advanced degrees from Cambridge University and Harvard, where he won the Allyn Young Teaching Prize. He has served as a Managing Director of the Tiger hedge fund and was on the short list for Federal Reserve considerations in 2006. He frequently writes for newspapers such as The New York Times

The New York Times

The New York Times is an American daily newspaper founded and continuously published in New York City since 1851. The New York Times has won 106 Pulitzer Prizes, the most of any news organization...

 and The Wall Street Journal

The Wall Street Journal

The Wall Street Journal is an American English-language international daily newspaper. It is published in New York City by Dow Jones & Company, a division of News Corporation, along with the Asian and European editions of the Journal....

, in addition to appearing as a commentator on NBC

NBC

The National Broadcasting Company is an American commercial broadcasting television network and former radio network headquartered in the GE Building in New York City's Rockefeller Center with additional major offices near Los Angeles and in Chicago...

, CNBC

CNBC

CNBC is a satellite and cable television business news channel in the U.S., owned and operated by NBCUniversal. The network and its international spinoffs cover business headlines and provide live coverage of financial markets. The combined reach of CNBC and its siblings is 390 million viewers...

, Fox News, and PBS

Public Broadcasting Service

The Public Broadcasting Service is an American non-profit public broadcasting television network with 354 member TV stations in the United States which hold collective ownership. Its headquarters is in Arlington, Virginia....

. His books have been translated into over 15 languages, and are used in universities worldwide, including Harvard and Princeton

Princeton University

Princeton University is a private research university located in Princeton, New Jersey, United States. The school is one of the eight universities of the Ivy League, and is one of the nine Colonial Colleges founded before the American Revolution....

. During 2009, he served as a Fellow at Cambridge University.

Buchholz resides primarily in San Diego, California

San Diego, California

San Diego is the eighth-largest city in the United States and second-largest city in California. The city is located on the coast of the Pacific Ocean in Southern California, immediately adjacent to the Mexican border. The birthplace of California, San Diego is known for its mild year-round...

, but travels around the world speaking to various companies, including Microsoft

Microsoft

Microsoft Corporation is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions...

 and Citibank

Citibank

Citibank, a major international bank, is the consumer banking arm of financial services giant Citigroup. Citibank was founded in 1812 as the City Bank of New York, later First National City Bank of New York...

, about the worldwide economic issues. Buchholz is involved in several business, real estate, and design companies, including Wetamorph and the Two Oceans Fund. He is one of the founding producers of Jersey Boys.

Economic Recovery Forecast 2009

In February 2009, Buchholz was among the first well-known U.S. economists to forecast an economic recovery from the "Great Recession." In a speech to the Americas Lodging Investment Summit, Buchholz forecast that "we’re going to have an economic recovery just in time for back-to-school sales in September” and that “lodging and hospitality is going to benefit from this upswing as well.” In fact, GDP did turn positive in the third quarter.

April 2008 commodities prediction

In April 2008 on the PBS Nightly Business Report, Buchholz forecast that commodity prices, including oil, would climb higher in the short-term but then tumble during the summer of 2008. On July 13, 2008, addressing the Southern Legislative Conference, when oil prices were $137 per barrel and leading Wall Street analysts were forecasting a move to $200, Buchholz predicted that prices would fall in half over the next six months. He comments were met with criticism from other leading economic analysts, but within the next eight weeks, prices of commodities such as oil, grain, and industrial metals all started to crumble, and the price of oil fell significantly.

June 2008 economic comments

In an opening keynote speech at Everything Channel's 2008 VARBusiness 300 Conference in June 2008, Buchholz said he believed that the U.S. economy, while undoubtedly in a slowdown, would avoid two consecutive quarters of negative GDP, the classic definition of a recession. "I'm convinced we're not going to have any quarters of negative GDP", he added. Buchholz cited high employment, lean inventories at manufacturers, and strong exports, spurred by the weaker dollar, as reasons for his beliefs.