Paul McCulley

Paul A. McCulley is a managing director at PIMCO. He coined the term Minsky Moment and Shadow banking system which became famous during the Financial_crisis_of_2007-2008

He is also a generalist portfolio manager and member of the investment committee in the Pimco Newport Beach office. In addition, he heads PIMCO's short-term bond desk, leads PIMCO’s cyclical economic forums and is author of the monthly research publication, Global Central Bank Focus. Prior to joining PIMCO in 1999, he was chief economist for the Americas at UBS Warburg. During 1996-98, he was named to six seats on the Institutional Investor All-America fixed-income research team. He has 25 years of investment experience and holds an MBA from Columbia Business School. He received his undergraduate degree from Grinnell College.

He is a regular guest of CNBC and Bloomberg providing investment commentary

Quotes:

"We believe that Mr. Greenspan should quit giving away puts on the equity market." Feb 2000 in his monthly Pimco commentary

"Thus, we are willing to say stocks are irrationally exuberant, notably growth stocks, and, in particular, technology stocks." - March 2000