Raymond James | Professionally Speaking | Government Takeover of Fannie, Freddie a Move in the Right Direction

While there be may be some added confidence in the markets now that a new president has been elected, the reality is that the president has little near-term control over the economy. Barack Obama will inherit growing jobless numbers and a poor retail market. The hope is that he will appoint qualified people to shape a new regulatory environment and deal with both domestic and global financial crises, says Raymond James’ Chief Economist Scott Brown. A second stimulus idea is focused on improving infrastructure – but it would be six to 12 months before that money hits the economy, he says in this edition of Professionally Speaking, hosted by Larry Pugliese.

For personalized advice on what to expect from the president-elect and how best to deal with the current economic situation, 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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