Jeff Rubin
Former Chief Economist, Chief Strategist & Managing Director, CIBC World Markets; Author: Why Your World Is About To Get a Whole Lot Smaller
Style
Provocative. Entertaining. Educational. Unforgettable.
Books
Profile
Chief Economist and Chief Strategist, Managing Director, CIBC World Markets Jeffrey Rubin has been the top-ranked economist in Canadian financial markets over the last decade. Prior to joining CIBC World Markets in 1988, Mr. Rubin was a Senior Policy Advisor at the Ontario Ministry of Finance where he oversaw economic forecasting.
Throughout his career, Mr. Rubin’s work has often been the subject of national headlines and has been instrumental in raising key issues to the national spotlight. The largest fund managers in North America, Europe and the Far East value his expertise in Canadian debt and equity markets. He wrote a national column in the Globe and Mail, Ahead of the Curve, for over four years and he frequently appears as a network commentator on the economy, financial markets, and federal budgets. Abroad, he is best known for his work on global energy markets and has become internationally recognized for his prescient calls on oil prices and their economic impacts.
Mr. Rubin recently stepped down as Chief Economist at CIBC World Markets (a position he has held since 1992), to devote his time exclusively to speaking and writing on economic issues.
His ground-breaking book, Why Your World Is About To Get a Whole Lot Smaller, published by Random House, was released simultaneously in Canada, the US and the United Kingdom in May 2009.
Rubin has been a fixture on network coverage of the federal budget and other key economic events for almost two decades. He has also made numerous television appearances on ABC, CBS, CNN and CNBC. His opinions and insights have appeared on the front page of the New York Times, as well as the Wall Street Journal, Washington Post, USA Today, Financial Times, BusinessWeek, Newsweek and the Economist.
Clients Comments
“On the podium, Jeff Rubin is a provocative speaker who brings unparalleled experience, insight and candour to his presentations. Whether speaking about the current economic climate or the impact of energy scarcity and rising oil prices on globalization, he paints a compelling picture of the future - exploring what the new global economy will look like and what it will mean for all of us.”
-- Roger Coe, Senior Vice President, GlobeInvest Capital Management
Topics
- OIL AND THE END OF GLOBALIZATION
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What do sub-prime mortgages, Atlantic salmon dinners, SUVs and globalization have in common? They all depend on cheap oil. And in a world of dwindling oil supplies and steadily mounting demand around the world, there is no such thing as cheap oil. Oil might be less expensive in the middle of a recession, but it will never be cheap again. Take away cheap oil, and the global economy is getting the shock of its life.
From the ageing oilfields of Saudi Arabia and the United States to the Canadian tar sands, from the shopping malls of Dubai to the shuttered auto plants of North America and Europe, from the made-in-China products on the shelves of the Wal-Mart down the road to the collapse of Wall Street giants, everything is connected to the price of oil.
Interest rates, carbon trading, inflation, farmers’ markets and the wave of trade protectionism washing up all over the world in the wake of various economic stimulus and bailout packages – they all hinge on the new realities of a world where demand for oil eventually outstrips supply.
According to maverick economist Jeff Rubin, there will be no energy bailout. The global economy has suffered oil crises in the past, but this time around the rules have changed. And that means the future is not going to be a continuation of the past. For generations we have built wealth by burning more and more oil. Our cars, our homes, our whole world has been getting bigger in the cheap-oil era. Now it is about to get smaller.
There will be winners as well as losers as the age of globalization comes to an end. The auto industry will never recover from this oil-induced recession, but other manufacturers will be opening up mothballed factories. Distance will soon cost money, and so will burning carbon – both will bring long-lost jobs back home. We may not see the kind of economic growth that globalization has brought, but local economies will be revitalized, as will our cities and neighbourhoods. - ECONOMIC OUTLOOK
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In 1989 Jeff Rubin first caught the attention of financial markets with his now-famous call for a 25 per cent decline in Toronto real estate prices.
Maverick Jeff Rubin has frequently hit the national headlines, calling attention to issues of national concern. His many calls on the economy and financial markets, particularly with regard to interest rates and the Canadian dollar, earned him no less than 10 number one rankings in either the Brendan Woods annual survey of institutional equity or fixed income investors. The largest fund managers in North America, Europe and the Far East value his expertise, which he now shares with audiences world-wide.