Jeff Rubin
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Jeff Rubin (born August 24, 1954) is a Canadian
economist An economist is a professional and practitioner in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are ...
and author. He is a former
chief economist Chief economist is a single-position job class having primary responsibility for the development, coordination, and production of economic and financial analysis. It is distinguished from the other economist positions by the broader scope of respons ...
at
CIBC World Markets CIBC World Markets Inc. is the investment banking subsidiary of the Canadian Imperial Bank of Commerce. The firm operates as an investment bank both in the domestic and international equity and debt capital markets. The firm provides a variety ...
and is currently a senior fellow at the
Centre for International Governance Innovation The Centre for International Governance Innovation (CIGI, pronounced "see-jee") is an independent, non-partisan think tank on global governance. CIGI supports research, forms networks, advances policy debate and generates ideas for multilateral ...
. Rubin had worked at CIBC World Markets and its predecessors since 1988, and served as chief economist from 1992 to 2009, when he resigned.


Education and early career

Rubin completed his B.A. in Economics at the
University of Toronto The University of Toronto (UToronto or U of T) is a public university, public research university in Toronto, Ontario, Canada, located on the grounds that surround Queen's Park (Toronto), Queen's Park. It was founded by royal charter in 1827 ...
before graduating from
McGill University McGill University (french: link=no, Université McGill) is an English-language public research university located in Montreal, Quebec Montreal ( ; officially Montréal, ) is the second-most populous city in Canada and most populous ...
with a Masters in Economics. He began working as an economist at the Ontario Government Treasury Department where he was responsible for projecting future interest rates.


Economic forecasts

In 1988, Rubin moved on to the brokerage firm
Wood Gundy Wood Gundy Inc. was a leading Canadian stock brokerage and investment banking firm. Founded in 1905, it was acquired by the Canadian Imperial Bank of Commerce in 1988 as it attempted to build an investment banking business. The Wood Gundy name ...
which was taken over by CIBC and became first CIBC Wood Gundy and then
CIBC World Markets CIBC World Markets Inc. is the investment banking subsidiary of the Canadian Imperial Bank of Commerce. The firm operates as an investment bank both in the domestic and international equity and debt capital markets. The firm provides a variety ...
. He has accurately predicted fluctuations in interest rates and the value of the Canadian dollar. In the early 1990s he came to prominence projecting a major decline in the Ontario real estate market. He was one of the first economists to accurately predict soaring oil prices in 2000 and is now a popular commentator on
oil depletion Oil depletion is the decline in oil production of a well, oil field, or geographic area. The Hubbert peak theory makes predictions of production rates based on prior discovery rates and anticipated production rates. Hubbert curves predict that t ...
and its economic repercussions. However, in 2008, when a barrel of oil was $135, Rubin predicted that the price will reach $225 by 2012. This prediction turned out to be wrong with the
price of oil The price of oil, or the oil price, generally refers to the spot price of a barrel () of benchmark crude oil—a reference price for buyers and sellers of crude oil such as West Texas Intermediate (WTI), Brent Crude, Dubai Crude, OPEC ...
crashing in 2009, which -- despite a rebound from 2011-2014 -- stayed relatively low until 2016.


Publications

Rubin writes a blog published every Wednesday for
The Globe and Mail ''The Globe and Mail'' is a Canadian newspaper printed in five cities in western and central Canada. With a weekly readership of approximately 2 million in 2015, it is Canada's most widely read newspaper on weekdays and Saturdays, although it ...
newspaper. The blog is also published in the Huffington Post. He is an avid fisherman and frequently uses fishing analogies in his writing. Rubin wrote the 2009 book ''Why Your World Is About to Get a Whole Lot Smaller: Oil and the End of Globalization'' (), which won the Canadian Business Book of the Year award. The book was also published with U.S. and U.K editions along with editions in French, Spanish, German, Portuguese, and Italian. A second Canadian edition was published in 2010.Smith, Charlie (June 11, 2009).
Author Jeff Rubin says peak oil will shrink trade with Asia
", ''
The Georgia Straight ''The Georgia Straight'' is a free Canadian weekly news and entertainment newspaper published in Vancouver, British Columbia, by Overstory Media Group. Often known simply as ''The Straight'', it is delivered to newsboxes, post-secondary schools, ...
''. Retrieved on 2009-07-04.
Jeff Rubin's second book, ''The End of Growth - but is that all bad?'' published by Random House (), was released in Canada in a hard cover edition on May 8, 2012. It follows up on the theme of how oil prices are changing the world. The End of Growth was released in a US edition on October 16, 2012 under the title "The Big Flatline - Oil and the No-Growth Economy" (). A third book published by Random House and titled "The Carbon Bubble - What Happens to us When it Bursts" was released in Canada on May 12, 2015. A fourth book published by Random House and titled "The Expendables - How the Middle Class Got Screwed By Globalization" was released in Canada on August 18, 2020.


List of works

* ''Why Your World Is About to Get a Whole Lot Smaller: Oil and the End of Globalization'' (2009) * ''The End of Growth'' (2012) * ''The Carbon Bubble: What Happens to Us When It Bursts'' (2015) * ''The Expendables: How the Middle Class Got Screwed By Globalization'' (2020)


External links


Jeff speaks about global oil consumption, in Seattle on June 8, 2009

Jeff Rubin Interviewed by Ralph Benmergui on June 18th





jeff rubin's blog


References

{{DEFAULTSORT:Rubin, Jeff Living people Canadian economists 1954 births University of Toronto alumni Canadian bankers McGill University alumni Canadian Imperial Bank of Commerce people