David Hale passed away on October 19, 2015 after a brief illness. He is
survived by his beloved wife Lyric; devoted father of Jennie, Harmony,
Devin, Erin, and Aria; proud grandfather of Cadence. He is the loving son
of (Richard) and Jeanne; dear brother of John, James, Gary, and
(Stephen). Born in 1951 in St Johnsbury, Vermont, he was a graduate of St
Johnsbury Academy. David was an American macroeconomist, renowned
speaker, and author. He held a B.Sc. degree in international economic
affairs from the Georgetown University School of Foreign Service and a
M.Sc. degree in economics from the London School of Economics. In 1990,
the New York chapter of the National Association of Business Economists
conferred upon David the annual William F. Butler Award for distinction as
a business economist. Other recipients include Paul Volker, Alan
Greenspan, and Paul Krugman.
He was chief economist for Kemper Financial Services, which he joined in
1977, and was named global chief economist for Zurich Financial Services
in 1995. He advised the group's fund management and insurance
operations on both the economic outlook and a wide range of public policy
issues until 2002, when he founded his own consultancy. A Chicago-based
macroeconomist, he was chairman of David Hale Global Economics, Inc.
The firm's clients included asset management companies worldwide. With
his wife Lyric Hughes Hale, he co-authored the book "What's Next?
Unconventional Wisdom on the Future of the World Economy", which was
published by Yale University Press in 2011.
David was a member of the New York-based Council on Foreign Relations,
the Japan America Society, President's Circle of the Chicago Council on
Global Affairs, the National Association of Business Economists, and the
New York Society of Security Analysts. He lectured at the World Economic
Forum, the Fortune Global CEO Conference, and the National Association
of Governors. A frequent visitor to Australia, he was a member of the
Australian-American Leadership Dialogue since its inception.
He was a member of the Academic Advisory Board of the Federal Reserve
Bank of Chicago, and the Competitive Markets Advisory Council of the
Chicago Mercantile Exchange. He was a regular guest on radio and
television programs in Europe, Asia, Australia, and the United States. He
wrote on a broad range of economic topics and his articles appeared in the
Wall Street Journal, the Financial Times, the New York Times, the Nihon
Keizai Shimbun, the Australian Financial Review, Harvard Business
Review, Foreign Affairs, Foreign Policy, National Interest, Central Banking
and numerous other publications.
David testified before Congressional committees on domestic and
international economic policy issues, and participated in briefings and
meetings with senior officials in the executive branch, including former
President George W. Bush, current White House policymakers, the Federal
Reserve, US Treasury, US Department of Defense, as well as foreign
governments and international non-governmental organizations. He was a
renowned speaker who addressed audiences at the World Economic
Forum, the Federal Reserve Conference at Jackson Hole, and the Indaba
Mining Conference in South Africa. He was known for his ability to distill
complex economic issues and relate them to both current geopolitical
conditions and economic history. His encyclopedic knowledge of global
economics, and his long-term relationships with policymakers and market
participants throughout the world gave him a unique vantage point that
contributed to his excellent forecasting record. His fields of special interest
and expertise included central banking, especially the Federal Reserve,
trade, resources, energy, Africa, China, Japan, and foreign exchange issues.
David was strong-willed, an adventuresome explorer, and a hardworking
spirit who was famous for his wit and memory of obscure historic facts. He
was constantly seeking economic knowledge and enjoyed the company of
colleagues and friends. However, his favorite place was always being at
home with his loving family, as husband, father and grandfather. He most
enjoyed public speaking, reading global newspapers, and writing on his
manual typewriter. He was a parishioner of Sacred Heart Parish in Winnetka, Illinois.
Visiting hours will be held at the Sayles Funeral Home in St. Johnsbury
Friday evening from 6-8 p.m. A funeral Mass will be celebrated in St. Johnsbury
Saturday, Oct. 24, at 11 a.m at the St. John the Evangelist Church. Burial will follow
at the Mt. Calvary Cemetery.
David's journey took him all over the world. But Vermont and St.
Johnsbury were his home. Memorial contributions could be directed to the
St. Johnsbury History and Heritage Center, 421 Summer Street, St.
Johnsbury VT 05819.
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