Title: Chief Global Economist/Strategist & President
Company: Decision Economics, Inc.
Location(s): Boston and Lexington, Massachusetts, United States
Allen Sinai, Chief Global Economist/Strategist & President at Decision Economics, Inc., has been recognized by Marquis Who’s Who Top Executives for dedication, achievements, and leadership in economics.
Dr. Sinai became involved in his profession through the window on the world of economic and financial markets; what makes the world tick is his driving modus operandi. He feels he has such a window as an analyst, observer, researcher, and econometric model builder. For him, the application of economics and its fundamental thrust and maximizing motivations opens a world of understanding to someone who is extremely curious and wants to know why things happen the way they do. He came from a poor background in Detroit, his father an uneducated immigrant from Poland/Russia. While his father may have lacked any formal education, he made up for it by being honest and hardworking, setting an example, working seven days a week, and making it possible for Dr. Sinai to go to the University of Michigan, which changed his world. There, he was pre-med but majored in Economics, active on the Michigan Daily as a reporter, President of his fraternity, and became seduced by the rigor and relevance of economics away from medicine. Dr. Sinai first earned an AB in economics from the University of Michigan with Honors in 1961. He continued at Northwestern University, receiving a Master of Arts in economics and a Ph.D. in 1966 and 1969. He taught and became a full Professor at the University of Illinois (Chicago) (1967-1973) but went on leave to work at Data Resources Inc. (DRI) in 1971 (to 1983), in Lexington, MA, ultimately settling with his family there and on the East Coast. He has served as the Chief Global Economist/Strategist and President of his current company Decision Economics, Inc. (DE) since 1996. In addition, he was Senior Vice President and Chief Financial Economist at DRI, Chief Global Economist and a Managing Director at Lehman Brothers from 1983 to 1996, with additional work experience at The WEFA Group, Global Insight, Inc., Shearson Lehman at American Express, Boston Company Economic Advisers and The Boston Company. Dr. Sinai has taught and held professorships at several universities, including the Massachusetts Institute of Technology (MIT) and the Sloan School at MIT, New York University, Boston University, Brandeis, Lake Forest College, and Northwestern.
In 2004, Dr. Sinai was named a Top Forecaster by MarketWatch and he has received numerous forecasting awards and honors such as the John Sweetland Award from the University of Michigan, the Otto Eckstein Prize, and the Alumnus Merit Award from Northwestern University. He has published over 100 articles in academic and various professional journals and magazines, testified scores of times before the U.S. Congress, and advised numerous administrations in Washington, Republican and Democratic, and the Congress.
He has been recognized by the Wall Street Journal, USA Today and Business Week as top forecaster and was named One of the Ten Smartest Men in Boston by Boston Magazine in 1993. His career has been supported by professional affiliations, which include the American Economic Association, North American Economics and Finance Association, the Econometric Society, the Western Economic Association, the Eastern Economic Association, International Banking and Economics Association, Aspen Italia, and the Board of the Economists for Peace and Security (EPS). He is on the Advisory Board to the Ford School of Public Policy, University of Michigan and the Economics Leadership Council (ELC) at U. of M. He served on the Board of Boston Private Financial Holdings (BPFH) for 22 years (1992 to 2014). Dr. Sinai has been widely quoted and appeared in the public media over past decades perhaps more than any other economist in history.
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