Kurt Richebächer (1918 – August 24, 2007) was born in Karlsruhe, Germany. He studied business economics in Berlin and completed is doctoral at the University of Heidelberg in 1945. He began his career as a journalist, before becoming an international banker and economist. He considered himself a follower of the Austrian School of Economics and was best known for his newsletter, "The Richebächer Letter," which at various times also circulated as "Currencies & Credit Markets."
Dr. Kurt Richebacher at his home in Cannes, France 2007
Richebächer's father sent him to Great Britain before World War II to improve his fluency in the English language. He also wanted to gain an appreciation of what was required in a career in journalism. While in London, he developed a fascination with the study of economics. He returned to study in Berlin, and received a doctorate in Economics after the ending of the war.
From 1945 to 1958, Richebächer was a economics journalist/commentator. Richebächer was one of the journalists covering Konrad Adenauer's 1955 visit to Moscow to reestablish diplomatic ties between the Soviet Union and the Federal Republic of Germany. In 1957 he went to London to become a commentator on British economic policy. In 1964, he was appointed to the position of post of chief economist and managing director of Dresdner Bank, in Frankfurt. Richebächer provided economic advice to the clients of his employer. However, he was sometimes critical of the economic policy of the government of Helmut Schmidt. His supervisor, Jürgen Ponto, continued to support Richebächer's activities in researching and providing what he deemed to be accurate and correct economic commentary.
In 1977, Ponto was the victim of a kidnap attempt by the left wing organization known as the Red Army Faction. This resulted in Ponto's murder. Some time after this event, Richebächer decided to leave DresdnerBank and offer his insight on a freelance basis. His farewell event at DresdnerBank, was attended by many prominent economists and bankers including Paul Volcker who was then President of the New York Federal Reserve Bank, and John Exter, a former member of the New York Fed, advisor to Central Banks and father of the Inverted Pyramid of Assets.
In 1980 he published a book titled: "Im Teufelskreis der Wirtschaftpolitik" (publisher: Bonn Aktuell Gmbh), which provides a historical exploration of financial and economic crisis and explores the shift from free markets to what he considered – fiscal socialism.
During the last years of his life, Richebächer lived in France. He published a financial commentary service to subscribers titled "The Richebächer Letter", and made occasional contributions to the libertarian website "dailyreckoning.com". Richebacher was known for his frequently bearish views on the U.S. and global economies and his distrust of Wall Street's speculative excesses. He is considered a member of the Austrian Economists and owes a great deal to Ludwig von Mises, Friedrich Hayek and Exter.
In 2006, two years before the 2008 recession, he commented: "A recession and bear market in asset prices are inevitable for the U.S. economy... All remaining questions pertain solely to speed, depth and duration of the economy’s downturn."[1]
Richebächer died on August 24, 2007, at the age of 88.[2]
Review : Kasten, Hans. "Book Review: Börse Und Kapitalmarkt." FinanzArchiv / Public Finance Analysis. 24.2 (1965): 376.
Capital Markets Study: Functioning of capital markets. Paris & London: OECD H.M.S.O, 1968 ISBN978-0119201376
Dermitzel, Günther, Walter Damm, and Kurt Richebächer. Das Bankwesen Im Gemeinsamen Markt. Baden-Baden: August Lutzeyer, 1962 OCLC 781988389
Richebächer, Kurt. Im Teufels Kreis Der Wirtschaftspolitik: Fiskalsozialismus Verdrängt Die Marktwirtschaft. Stuttgart: Aktuell, 1980. OCLC 657954513
Referencesedit
^Bezemer, Dirk J, 16 June 2009. "“No One Saw This Coming”: Understanding Financial Crisis Through Accounting Models"
^. Archived from the original on 2007-09-28. Retrieved 2007-09-06.
External linksedit
Newsletter archive
January 01, 1970
kurt, richebächer, this, article, needs, additional, citations, verification, please, help, improve, this, article, adding, citations, reliable, sources, unsourced, material, challenged, removed, find, sources, news, newspapers, books, scholar, jstor, septembe. This article needs additional citations for verification Please help improve this article by adding citations to reliable sources Unsourced material may be challenged and removed Find sources Kurt Richebacher news newspapers books scholar JSTOR September 2014 Learn how and when to remove this message Kurt Richebacher 1918 August 24 2007 was born in Karlsruhe Germany He studied business economics in Berlin and completed is doctoral at the University of Heidelberg in 1945 He began his career as a journalist before becoming an international banker and economist He considered himself a follower of the Austrian School of Economics and was best known for his newsletter The Richebacher Letter which at various times also circulated as Currencies amp Credit Markets Dr Kurt Richebacher at his home in Cannes France 2007 Richebacher s father sent him to Great Britain before World War II to improve his fluency in the English language He also wanted to gain an appreciation of what was required in a career in journalism While in London he developed a fascination with the study of economics He returned to study in Berlin and received a doctorate in Economics after the ending of the war Contents 1 Post war years 2 Published Books 3 References 4 External linksPost war years editFrom 1945 to 1958 Richebacher was a economics journalist commentator Richebacher was one of the journalists covering Konrad Adenauer s 1955 visit to Moscow to reestablish diplomatic ties between the Soviet Union and the Federal Republic of Germany In 1957 he went to London to become a commentator on British economic policy In 1964 he was appointed to the position of post of chief economist and managing director of Dresdner Bank in Frankfurt Richebacher provided economic advice to the clients of his employer However he was sometimes critical of the economic policy of the government of Helmut Schmidt His supervisor Jurgen Ponto continued to support Richebacher s activities in researching and providing what he deemed to be accurate and correct economic commentary In 1977 Ponto was the victim of a kidnap attempt by the left wing organization known as the Red Army Faction This resulted in Ponto s murder Some time after this event Richebacher decided to leave DresdnerBank and offer his insight on a freelance basis His farewell event at DresdnerBank was attended by many prominent economists and bankers including Paul Volcker who was then President of the New York Federal Reserve Bank and John Exter a former member of the New York Fed advisor to Central Banks and father of the Inverted Pyramid of Assets In 1980 he published a book titled Im Teufelskreis der Wirtschaftpolitik publisher Bonn Aktuell Gmbh which provides a historical exploration of financial and economic crisis and explores the shift from free markets to what he considered fiscal socialism During the last years of his life Richebacher lived in France He published a financial commentary service to subscribers titled The Richebacher Letter and made occasional contributions to the libertarian website dailyreckoning com Richebacher was known for his frequently bearish views on the U S and global economies and his distrust of Wall Street s speculative excesses He is considered a member of the Austrian Economists and owes a great deal to Ludwig von Mises Friedrich Hayek and Exter In 2006 two years before the 2008 recession he commented A recession and bear market in asset prices are inevitable for the U S economy All remaining questions pertain solely to speed depth and duration of the economy s downturn 1 Richebacher died on August 24 2007 at the age of 88 2 Published Books editBorse Und Kapitalmarkt Frankfurt am Main Knapp 1971 4th ed OCLC 264135352 Review Kasten Hans Book Review Borse Und Kapitalmarkt FinanzArchiv Public Finance Analysis 24 2 1965 376 Capital Markets Study Functioning of capital markets Paris amp London OECD H M S O 1968 ISBN 978 0119201376 Dermitzel Gunther Walter Damm and Kurt Richebacher Das Bankwesen Im Gemeinsamen Markt Baden Baden August Lutzeyer 1962 OCLC 781988389 Richebacher Kurt Im Teufels Kreis Der Wirtschaftspolitik Fiskalsozialismus Verdrangt Die Marktwirtschaft Stuttgart Aktuell 1980 OCLC 657954513References edit Bezemer Dirk J 16 June 2009 No One Saw This Coming Understanding Financial Crisis Through Accounting Models Safe Haven A Tribute Dr Kurt Richebacher Archived from the original on 2007 09 28 Retrieved 2007 09 06 External links editNewsletter archive Retrieved from https en wikipedia org w index php title Kurt Richebacher amp oldid 1161372105, wikipedia, wiki, book, books, library,
