This conference call will discuss:

o   How the growth and inflation status of the economy is associated with different behavior on the part of diverse asset classes;

o   how to classify assets into four categories according to their relationships with these economic variables;

o   how widely watched investment vehicles fit into this classification;

o   the large degree of performance variation that can be explained by this means.

R. DAVID RANSON is the president and director of research at HCWE & Co. (formerly Wainwright Economics), an independent investment research firm now located in Cambria, California. Originally the investment performance research arm of H.C. Wainwright & Co. of Boston, Massachusetts, Wainwright Economics became an independent operation in 1978 and has since been renamed HCWE.  Prior to becoming a general partner of H.C. Wainwright & Co. in 1977, Mr. Ranson taught economics at the University of Chicago Graduate School of Business. He has been an assistant to then Treasury Secretary William E. Simon, and a member of Director George P. Shultz’s personal staff at the Office of Management and Budget. Prior to his service in Washington, he was a member of the Boston Consulting Group. David Ranson is a Senior Fellow with the National Center for Policy Analysis in Dallas and a Fellow of the Institute for Applied Economics, Global Health and Business Enterprise at Johns Hopkins University in Baltimore. He has addressed audiences and published articles on a wide range of economic and investment topics, and has provided testimony to a number of Congressional committees. His work has been mentioned or appeared in the Wall Street Journal, the New York Times, Barron’s, the Economist, Forbes, the Christian Science Monitor and other publications. He holds M.A. and B.Sc. degrees from Queen’s College, Oxford, and an M.B.A. in finance and a Ph.D. in business economics from the University of Chicago.

For more information see http://www.hcwe.com or send your inquiries to [email protected]