2021 Economic and Investment Series, Featuring Russell Goldsmith and Austan Goolsbee
In a three-part virtual economic and investment series presented throughout 2021, City National Bank's thought leadership team is examining the lasting impact of the pandemic on the world economy.
The Feb. 23, 2021 event opens with an introduction from Tom Sagissor, president of RBC Wealth Management-U.S., and is hosted by City National Bank CEO Kelly Coffey. It features a conversation with City National Bank and RBC Wealth Management-U.S. Chairman Russell Goldsmith and Austan Goolsbee, Chairman, President's Council of Economic Advisers (2010-2011) and Professor of Economics at University of Chicago Booth School of Business.
They focus on equity markets, taxes, vaccine rollouts and what the Biden administration's policy roadmap could mean for the economy.
Goldsmith and Goolsbee also discuss how much government stimulus the country needs to get the economy back on track. Goolsbee recently wrote in The New York Times, "The United States is in grave danger of repeating a central error: reacting to the coronavirus instead of getting ahead of it."
Goldsmith and Goolsbee are followed by a panel discussion hosted by Garrett D'Alessandro, CEO of City National Rochdale, with Rochdale Chief Investment Officer Tom Galvin, Janet Engels, head of the US. portfolio advisory group at RBC Wealth Management, and Charles Luke, senior portfolio director at City National Rochdale.
The panel provides key updates on 2021 investment opportunities.
Below Are Timestamps to Help You Join the Conversation
- 8:30 — The State of Today's Economy
- 16:57 — GDP Forecasting
- 28:32 — Deficit Spending
- 56:44 — Six Seismic Challenges
- 1:09:03 — Financial Markets
The opinions expressed in this presentation are solely the speakers' personal views and do not represent the views and opinions of City National Bank.
City National Bank remains committed to delivering objective, nonpartisan market analysis and investment guidance to provide information to help our clients make informed financial decisions.
This presentation is for general information and education only. It is provided as a courtesy to the clients and friends of City National Bank (City National). City National does not warrant that it is accurate or complete. Opinions expressed and estimates or projections given are those of the speakers or persons quoted as of the original date of the presentation with no obligation to update or notify of inaccuracy or change. This presentation (or any portion thereof) may not be reproduced, distributed or further published by any person without the written consent of City National. Please cite source when quoting.
City National, its managed affiliates and subsidiaries, as a matter of policy, do not give tax, accounting, regulatory or legal advice. Rules in the areas of law, tax and accounting are subject to change and open to varying interpretations. You should consult with your other advisors on the tax, accounting and legal implications of actions you may take based on any strategies presented, taking into account your own particular circumstances. In addition, this presentation is not to be construed as an offer, or solicitation of an offer, to buy or sell any financial instrument. It should not be relied upon as specific investment advice directed to the viewer’s specific investment objectives. Any financial instrument discussed in this presentation may not be suitable for the viewer. Each viewer must make his or her own investment decision, using an independent advisor if prudent, based on his or her own investment objective and financial situation. City National (and its clients or associated persons) may, at times, engage in transactions in a manner inconsistent with this presentation and, with respect to particular securities and financial instruments discussed, may buy from or sell to clients or others on a principal basis. Past performance is not necessarily an indication of future results.