Boston Economic Club

The U.S. fiscal landscape is at a crossroads. Federal debt has surged from 35% to nearly 100% of GDP in the past two decades, with sharp increases during the Global Financial Crisis and the COVID-19 pandemic. In 2024, the budget deficit stood at 6.4% of GDP—and projections suggest further growth as demographic shifts drive rising entitlement costs. At our upcoming Boston Economic Club luncheon on ?????????? ????????, we are pleased to welcome ?????????????????? ?????????? ??????????????, ???????????? ?????????????????? ???? ?????????????????? ???? ??????, to explore “????????, ????????????????, ?????? ????????????????????????????: ?????? ??.??. ???????????? ??????????????????.” He will examine the economic consequences of sustained deficits, the long-term impact of extending the Tax Cuts and Jobs Act, and the critical policy choices that could shape a more sustainable fiscal future. BEC continues its tradition of fostering thought-provoking discussions with top economic minds. #BostonEconomicClub #Economics #FiscalPolicy #USDebt #EconomicOutlook #PublicFinance #DeficitSpending #TaxPolicy #MonetaryPolicy #Finance #EconomicGrowth

?????????????????????? ?????? ?????? ??????????????: ?? ???????????? ???????????????????? ???? ???????????? ?????? ?????????????????????? As businesses and communities look toward the future, immigration continues to play a key role in driving innovation, strengthening the workforce, and fueling economic growth. Join us for an insightful luncheon with Mark T. Williams, past BEC President and Master Lecturer of Finance at Boston University’s Questrom School of Business. He will share findings from his latest study, “?????????????????????? ???? ?????????? ???? ??.??. & ??????????????????????????,” published on October 26, 2024, and featured in the Boston Globe Media, CommonWealth Beacon, and other major outlets. His research highlights how immigration contributes to a dynamic and resilient economy in both Massachusetts and the nation. Attendees will also have the opportunity to meet BEC’s dedicated support staff from Jaffe Management, Inc., Jenna Ayala and Marisha Gonzalez. Registration closes this Friday, the 21st, for BEC members. Secure your spot today! ?? Register now! #BostonEconomicClub #ImmigrationAndEconomy #EconomicGrowth #FutureOfWork #BusinessLeadership #Finance #BostonEvents #WorkforceDevelopment #Innovation #ThoughtLeadership #PolicyAndEconomics

We are thrilled to welcome Ed McLaughlin, President & Chief Technology Officer at Mastercard, to the Boston Economic Club for our upcoming luncheon on February 12th. He will share his insights in a compelling presentation, followed by a fireside chat with BEC Past President and Executive Committee Member Jonathan Calvert, CFA. Continuing on the presentation by Professor Bengt Holmstr?m on January 22nd, Ed will offer a Fortune 500 company’s perspective on the evolution of financial intermediation in the age of digital transformation. Ed and Jonathan will explore the opportunities and challenges of emerging technologies like digital payments, programmable money, and tokenization, providing unique insights into the future of global commerce.

#Announcement ?? The pace of change is accelerating in the wake of massive digital transformation. To help us navigate this rapidly evolving landscape, the Boston Economic Club is proud to host ?????????????????? ?????????? ???????????????????, ???????? ?????????? ?????????? ???????????? ?????? ?????????????????? ?????? ???????? ??. ?????????????????? ?????????????????? (????????????????) ???? ??????, ???? ?????????????? ????????. Professor Holmstr?m will delve into the evolution of financial intermediation, tracing its historical development and exploring today’s digital innovations, from electronic payment systems to tokenization of assets. He will reflect on past crises, analyze recent advancements, and offer insights into the future opportunities and risks within the financial world. This is an unparalleled chance to gain perspective from one of the most influential economists of our time. #BostonEconomicClub #Economics #BengtHolmstr?m #NobelPrize #Finance #DigitalTransformation

As we reflect on an incredible year, the Boston Economic Club is proud to recognize the 53 exceptional individuals who joined our membership in 2024. Founded in 1932, the BEC now boasts a membership of over 350 distinguished professionals in the financial, business, economic, and academic communities. Wishing all of our members a safe and prosperous 2025!

?? Start 2025 with insight and perspective! ?????????? ?????? ????????? 2024 was a year of robust economic growth and extraordinary market performance. As we turn the calendar, however, there are storm clouds gathering on the horizon. Join Scott Clemons, CFA of Brown Brothers Harriman on January 8th for a conversation about the economic and investment landscape in 2025—and the risks and opportunities facing investors and businesses. ?? Boston Economic Club Members: Don’t wait to register! In-person registration closes on Friday, January 3rd, at Noon EST. Secure your spot before the holiday break! Let’s kick off 2025 together with insightful discussions and forward-looking perspectives. ?? #BostonEconomicClub #EconomicOutlook #MarketTrends2025 #FinancialForecast

?? Upcoming Luncheon: December 4th ?? The Boston Economic Club is excited to host a fireside chat with Professor John Coates of Harvard Law School, who will explore the themes of his latest book, 'The Problem of Twelve: When a Few Financial Institutions Control Everything.' In this thought-provoking discussion, moderated by Patrick Donlon, CFA, CAIA, CFP of Fiduciary Trust Company, Professor Coates will unpack the profound shifts reshaping American capitalism: ?? The concentration of corporate voting power in the Big Four index funds—Vanguard, State Street, Fidelity, and BlackRock—holding sway over more than 25% of the votes in nearly all listed companies. ?? The rise of the Big Four private equity firms—Apollo, Blackstone, Carlyle, and KKR—amassing $2.7 trillion in assets, taking companies private, and removing them from public accountability. This quiet but transformative evolution has far-reaching implications for our economy, society, and governance. With high attendance expected, this will be an incredible way to close out the 2024 luncheon season. We’re thrilled to bring our members together for such a timely and impactful discussion and look forward to carrying this momentum into 2025. #BostonEconomicClub #FinancialInnovation #CorporateGovernance #AmericanEconomy #PrivateEquity #IndexFunds

The Boston Economic Club is very excited to announce a special presentation and fireside chat with Jon McNeill, Co-Founder & CEO of DVx Ventures, and former President of Tesla and COO of Lyft, and the Boston Consulting Group (BCG) on November 6th! Jon will delve into how Advanced Manufacturing, Electrification, and Autonomous Technology are converging to reshape the industry. Get ready for insights on the impact of these supercycles on annual revenue, U.S. GDP, and job creation—direct from a trailblazer at the forefront of innovation. Don’t miss out on this rare opportunity to gain perspective on the forces driving massive industry shifts.

On November 1st, Boston Economic Club is thrilled to host an exclusive Zoom-only session with David Paleologos, Director at Suffolk University Political Research Center (SUPRC). David will dive into SUPRC’s latest pre-election poll results from key states and share insights into the methodologies shaping these findings. If you're interested in the numbers behind the headlines and understanding voter trends as we approach election season, this is a session you won’t want to miss! Members are encouraged to Register now through their membership portal and tune in for a thought-provoking discussion!

?? Boston Economic Club Luncheon Speaker Highlight ?? This week, we’re honored to welcome Debby Kuenstner, Chief Investment Officer at Wellesley College, to the Boston Economic Club luncheon. With decades of experience managing institutional portfolios, Debby will share her insights on "Crafting an Edge in Endowment Investing"—discussing innovative strategies and approaches in a dynamic market environment. #BostonEconomicClub #EndowmentInvesting #WellesleyCollege #InvestmentEdge