Economists Ryding, DeQuadros to Launch Forecasting Business
Written on June 28, 2008
John Ryding, former top economist at Bear Stearns Cos., and colleague Conrad DeQuadros are launching their own forecasting firm.
The company, to be called RDQ Economics, will begin operations on July 1, Ryding confirmed today in a telephone interview.
The two economists left Bear Stearns following the firm's acquisition by JPMorgan Chase & Co.
Ryding, 49, joined New York-based Bear Stearns in 1991 as a senior economist. Before joining the company he was the senior economist on the Federal Reserve's open market desk. He started his career at the Bank of England, where he became the youngest economic adviser in the bank's history in 1987 advance america cash advance cash advance loan.
In March, he criticized Fed Chairman Ben S. Bernanke for supporting rate increases under former Chairman Alan Greenspan which Ryding deemed too slow. Bigger increases “would likely have headed off the rise in leverage and the boom in mortgage lending,'' Ryding said in a research note the week JPMorgan agreed to buy Bear Stearns.
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