Raymond James | Professionally Speaking | Despite Market Resilience, Considerable Downside Risks Remain

In the long term, the U.S. economy and financial markets are resilient, but the best short-term news may be that spring arrived safely and on time. Raymond James’ Chief Economist Scott Brown says that despite Federal Reserve fed funds rate cuts, liquidity assurance and unprecedented action in arranging the proposed buyout of Bear Stearns, there are still clear downside risks in the near-term outlook. In times like these, investors are advised to stick with their diversified portfolios, buy fixed income investments only for their inherent characteristics and look to global growth, Brown says in this edition of Professionally Speaking, hosted by Larry Pugliese.

For personalized advice on how you might want to view current economic trends as an opportunity, please contact a Raymond James financial advisor.

Scott Brown, Ph.D.

Chief Economist, Equity Research
Raymond James & Associates

Scott Brown is chief economist within the Equity Research Department at Raymond James & Associates, Inc., member New York Stock Exchange/SIPC, a wholly-owned subsidiary of Raymond James Financial, Inc. (NYSE-RJF).

Prior to joining Raymond James in 1993, Dr. Brown was a manager of economic research at Pacific First Bank, Seattle, and had previously been director of research at First Imperial Advisors. He has also worked as an economist with San Diego Gas & Electric.

Dr. Brown graduated with a bachelor’s degree in mathematics from the University of California, Irvine in 1978. He then graduated from the University of Illinois with a master’s degree in statistics. In 1986, he completed his schooling with a doctorate in economics from the University of California, San Diego.

Dr. Brown has taught at the University of Illinois, the University of California at San Diego and San Diego State University. He is a member of the American Economic Association and the National Association for Business Economics. He also serves on the Governor's Council of Economic Advisors for the state of Florida and is a member of the Economic Advisory Council of the American Bankers Association.

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