David P. Goldman
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David Paul Goldman (born September 27, 1951) is an American economic strategist and author, best known for his series of online essays in the ''
Asia Times ''Asia Times'' (), formerly known as ''Asia Times Online'', is a Hong Kongbased English language news media publishing group, covering politics, economics, business, and culture from an Asian perspective. ''Asia Times'' publishes in English and ...
'' under the pseudonym Spengler with the first column published January 1, 2000. The pseudonym is an allusion to German historian
Oswald Spengler Oswald Arnold Gottfried Spengler (29 May 1880 – 8 May 1936) was a German polymath whose areas of interest included history, philosophy, mathematics, science, and art, as well as their relation to his organic theory of history. He is best know ...
, whose most famous work, ''
Decline of the West ''The Decline of the West'' (; more literally, ''The Downfall of the Occident'' or even more literally, "The Going-Under of the Evening Lands"; some of the poetry of the original is lost in translation) is a two-volume work by Oswald Spengler. Th ...
'' (1918), asserted that Western civilization was already dying. Goldman says that he writes from a
Judeo-Christian The term ''Judeo-Christian'' is used to group Christianity and Judaism together, either in reference to Christianity's derivation from Judaism, Christianity's recognition of Jewish scripture to constitute the Old Testament of the Christian Bibl ...
perspective and often focuses on demographic and economic factors in his analyses; he says his subject matter proceeds "from the theme formulated by ranzRosenzweig: the mortality of nations and its causes, Western secularism, Asian
anomie In sociology, anomie or anomy () is a social condition defined by an uprooting or breakdown of any moral values, standards or guidance for individuals to follow. Anomie is believed to possibly evolve from conflict of belief systems and causes b ...
, and unadaptable
Islam Islam is an Abrahamic religions, Abrahamic monotheistic religion based on the Quran, and the teachings of Muhammad. Adherents of Islam are called Muslims, who are estimated to number Islam by country, 2 billion worldwide and are the world ...
." On March 14, 2015, Goldman and longtime ''Asia Times'' associate Uwe Von Parpart joined an investor group that took control of Asia Times HK Ltd. He became Deputy Editor (Business) at Asia Times in 2020. Goldman was global head of credit strategy at
Credit Suisse Credit Suisse Group AG (, ) was a global Investment banking, investment bank and financial services firm founded and based in Switzerland. According to UBS, eventually Credit Suisse was to be fully integrated into UBS. While the integration ...
1999–2002, Global Head of Fixed Income Research for
Bank of America The Bank of America Corporation (Bank of America) (often abbreviated BofA or BoA) is an American multinational investment banking, investment bank and financial services holding company headquartered at the Bank of America Corporate Center in ...
2002–2005, and Global Head of Fixed Income Research at
Cantor Fitzgerald Cantor Fitzgerald, L.P. is an American financial services firm that was founded in 1945. It specializes in institutional equity, fixed-income sales and trading, and serving the middle market with investment banking services, prime brokerage, an ...
2005–2008. He subsequently was a partner at Yunfeng Financial in Hong Kong, an investment bank later acquired by
Jack Ma Ma Yun (; born 10 September 1964), or more commonly referred as Jack Ma, is a Chinese businessman and philanthropist. He is the founder of the Jack Ma Foundation, and co-founder of Alibaba Group and Yunfeng Capital. As of May 2025, Ma's ne ...
. He continues to advise CEOs and institutional investors. He is a regular contributor to
Claremont Review of Books The ''Claremont Review of Books'' (''CRB'') is a quarterly review of politics and statesmanship published by the conservative Claremont Institute. A typical issue consists of several book reviews and a selection of essays on topics of conserv ...
, Law and Liberty,
Tablet Magazine ''Tablet'' is a conservative American magazine focused on Jewish news and culture, featuring journalism, commentary, criticism, and essays. It was founded in 2009 by editor-in-chief Alana Newhouse and is supported by the Nextbook foundation ...
,
the Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...
, and
First Things ''First Things'' (''FT'') is a journal aimed at "advanc nga religiously informed public philosophy for the ordering of society", focusing on theology, liturgy, history of religion, church history, culture, education, society, politics, literat ...
(where he was senior editor during 2009–2011).


Early life and education

Goldman was born in the United States, in a non-religious Jewish family. He earned his bachelor's degree at
Columbia University Columbia University in the City of New York, commonly referred to as Columbia University, is a Private university, private Ivy League research university in New York City. Established in 1754 as King's College on the grounds of Trinity Churc ...
in 1973, and a master's degree in music theory at the
City University of New York The City University of New York (CUNY, pronounced , ) is the Public university, public university system of Education in New York City, New York City. It is the largest urban university system in the United States, comprising 25 campuses: eleven ...
. He studied economics at the
London School of Economics The London School of Economics and Political Science (LSE), established in 1895, is a public research university in London, England, and a member institution of the University of London. The school specialises in the social sciences. Founded ...
in 1974–1975.


Career

From 1976 to 1982, Goldman was responsible for economic publications in the
Lyndon LaRouche Lyndon Hermyle LaRouche Jr. (September 8, 1922 – February 12, 2019) was an American political activist who founded the LaRouche movement and its main organization, the National Caucus of Labor Committees (NCLC). He was a prominent conspiracy ...
movement. In 1980, LaRouche and Goldman co-authored a book, ''The ugly truth about Milton Friedman''. Goldman has described himself during that period as a radical and an atheist. After leaving the LaRouche movement, he became a conservative, and worked for the
Reagan Ronald Wilson Reagan (February 6, 1911 – June 5, 2004) was an American politician and actor who served as the 40th president of the United States from 1981 to 1989. He was a member of the Republican Party and became an important figure in ...
administration and later on
Wall Street Wall Street is a street in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It runs eight city blocks between Broadway (Manhattan), Broadway in the west and South Street (Manhattan), South Str ...
. Since 1984, Goldman has been employed as an economic strategist and CEO of investment funds and investment policies in senior positions in bodies such as
Credit Suisse Credit Suisse Group AG (, ) was a global Investment banking, investment bank and financial services firm founded and based in Switzerland. According to UBS, eventually Credit Suisse was to be fully integrated into UBS. While the integration ...
, Bank of America, Cantor Fitzgerald, Asteri Capital, and SG Capital. After leaving Wall Street, he became an editor for ''
First Things ''First Things'' (''FT'') is a journal aimed at "advanc nga religiously informed public philosophy for the ordering of society", focusing on theology, liturgy, history of religion, church history, culture, education, society, politics, literat ...
'' magazine. In September 2013, Goldman became a Managing Director and head of the Americas division of the Reorient Group investment bank based in
Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...
. He left Reorient in early 2016. Goldman has previously directed research departments at financial institutions, including global fixed-income research at Bank of America (2002–2005) and credit strategy at Credit Suisse (1998–2002). From 1994 to 2001 he was a columnist for Forbes magazine and had publish articles in publications such as ''
The Wall Street Journal ''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscriptio ...
'', ''
Commentary Commentary or commentaries may refer to: Publications * ''Commentary'' (magazine), a U.S. public affairs journal, founded in 1945 and formerly published by the American Jewish Committee * Caesar's Commentaries (disambiguation), a number of works ...
'', and ''
Bloomberg Businessweek ''Bloomberg Businessweek'', previously known as ''BusinessWeek'' (and before that ''Business Week'' and ''The Business Week''), is an American monthly business magazine published 12 times a year. The magazine debuted in New York City in Septembe ...
''. Goldman has also published articles in musicology journals and other publications and written several books. Between 2002 and 2011, Goldman served as a member of the board of directors of
Mannes School of Music The Mannes School of Music (), originally called the David Mannes Music School and later the Mannes Music School, Mannes College of Music, the Chatham Square Music School, and Mannes College: The New School for Music, is a music conservatory in T ...
, where he was formerly a teacher. He is a Washington Fellow of the Claremont Institute, Senior Fellow at the London Center for Policy Research, and a member of the Board of Advisors of Sino-Israel Government Network and Academic Leadership (SIGNAL), and is Senior Editor of the American monthly First Things.


Media

According to the ''
Claremont Review of Books The ''Claremont Review of Books'' (''CRB'') is a quarterly review of politics and statesmanship published by the conservative Claremont Institute. A typical issue consists of several book reviews and a selection of essays on topics of conserv ...
'', the "Spengler" columns in the ''Asia Times'' have attracted readership in the millions. Goldman concealed his identity under the "Spengler" pseudonym until 2009, when he revealed his identity in the Asia Times article, "And Spengler is…" and the First Things article "Confessions of a Coward". Goldman regularly appears as a guest on
CNBC CNBC is an American List of business news channels, business news channel owned by the NBCUniversal News Group, a unit of Comcast's NBCUniversal. The network broadcasts live business news and analysis programming during the morning, Day ...
's '' Larry Kudlow Program'', where he has been an outspoken critic of
Federal Reserve The Federal Reserve System (often shortened to the Federal Reserve, or simply the Fed) is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of ...
efforts to resuscitate the American economy. In "Dumb and Dumber", a widely commented upon piece for '' Tablet'' magazine in May 2013, Goldman argued how both Republican and Democratic foreign policy elite in the United States have wrongly put their faith in the so-called
Arab Spring The Arab Spring () was a series of Nonviolent resistance, anti-government protests, Rebellion, uprisings, and Insurgency, armed rebellions that spread across much of the Arab world in the early 2010s. It began Tunisian revolution, in Tunisia ...
. In Goldman's view, economic and demographic realities could condemn many Arab states to state failure. In "Deplorably, Trump is going to win", published in ''Asia Times'' about two months before the
2016 U.S. Presidential Election Presidential elections were held in the United States on November 8, 2016. The Republican ticket of businessman Donald Trump and Indiana governor Mike Pence defeated the Democratic ticket of former secretary of state Hillary Clinton and ...
, Goldman correctly predicted Donald Trump would win the presidency. In "Why Russia won't invade Ukrainistan," published three days before the
Russian invasion of Ukraine On 24 February 2022, , starting the largest and deadliest war in Europe since World War II, in a major escalation of the Russo-Ukrainian War, conflict between the two countries which began in 2014. The fighting has caused hundreds of thou ...
in ''Asia Times'', Goldman incorrectly predicted that Russia wouldn't invade Ukraine.


Works


Books

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Journal articles

* * *


Notes


External links

* http://lyndonlarouche.org/goldman.htm (Article challenging Goldman's version of his history with the LaRouche movement) *
Articles in Asiatimes
https://asiatimes.com/author/david-p-goldman-2/]
Articles in Asiatimes
as "Spengler" {{DEFAULTSORT:Goldman, David P. 1951 births Living people American political writers American male non-fiction writers American columnists 21st-century pseudonymous writers 21st-century American Jews Jewish American non-fiction writers Columbia University alumni City University of New York alumni Alumni of the London School of Economics Credit Suisse people Bank of America executives Jewish American bankers American investment bankers