Stephen Leeb (born July 14, 1946, in Chicago) is a money manager and investment adviser. For over 45 years, he has guided investors via newsletters, books, blogs, and appearances on financial news networks, including CNN, Fox News, NPR, and Bloomberg TV. He is also the owner and chief investment officer of Leeb Capital Management (LCM), a New York-based wealth management firm.
Dr. Stephen Leeb has served as the Advisory Board Chairman of Leor Exploration & Production LLC (since 2006) and is a member of the advisory boards of Electrum USA Ltd. (since 2007) and Sunshine Silver Mines. Both companies explore natural resources, especially precious metals and energy. In 2007, Leor sold assets to Canadian-based Encana for over $2.5 billion. He is also a member of the board and managing director of the PlainSight Group, an innovation company centered at Yale University.
Dr. Leeb is the author of nine books on finance, investing, and geopolitical trends, starting with Getting in on the Ground Floor (1986) and continuing with his most recent, China’s Rise and the New Age of Gold (2020).
He has been called one of the country’s foremost financial experts by Business journalist Charlie Gasparino and one of the greatest long-term strategists of his generation by American billionaire businessman Thomas Kaplan, which can be summarized by Kaplan’s statement and foreword in Leeb’s 2012 release of Red Alert, saying, “I would caution readers to dismiss Stephen Leeb’s warnings only at their peril.”
Leeb earned a B.S. in Economics from The Wharton School, a Master’s in Mathematics, and a Ph.D. in Psychology from the University of Illinois Urbana-Champaign. He authored research papers on psychology and statistics in the peer-reviewed journal Psychological Reports. He earned his graduate degrees in three years.
Leeb has written nine books on macroeconomic trends, finance, and investing, including the New York Times business bestseller The Coming Economic Collapse. Leeb’s earlier book, Defying the Market, which predicted the dot.com bubble’s collapse, was named one of the best business books of 1999 by the Library Journal. His book Red Alert has been called “a much-needed shot in the arm for American complacency” by Publishers Weekly. Red Alert was awarded the 2012 Axiom Business Book Awards silver medal in the International Business/Globalization category.
Predictions: Dr. Leeb accurately predicted $100-a-barrel oil, the Dow’s secular rise above 4000, the collapse of the dot.com bubble, and the current bull market in precious and industrial metals. In Defying the Market, published in 1999, he also predicted that computers would be inadequate to solve the major challenges of the subsequent decade, particularly resource scarcity.
In The Coming Economic Collapse, published in 2006, Leeb wrote that a decline in nominal home prices would be “the vicious circle to end all vicious circles… It would be a far greater challenge than rescuing the economy after the tech bubble… It would take massive amounts of money. Interest rates would likely fall to zero. Government spending would need to reach unimaginably high levels.” Because of the potential consequences, Leeb argued that the Fed would prefer inflation to trying to cool an economy already stung by the deflationary effects of high oil prices. In his subsequent book, Red Alert, Leeb acknowledged he had been wrong to assume that the Federal Reserve “had the situation under control” and would “do whatever it took to assure that prices remained on an even keel.”
Leeb’s book, Red Alert, argues that the Chinese understand resource scarcity much better than the West does and, because of their accumulation of vital resources, may leave the West in a nearly untenable position within the next decade.
Leeb is bullish on gold prices. On King World News, he stated that “China, as I’ve repeatedly outlined, loves gold, is accumulating gold, and is proceeding with long-term initiatives, including a new monetary system, that will elevate gold in furtherance of China’s interests.”
In his latest book, China’s Rise and the New Age of Gold: How Investors Can Profit from a Changing World, published in 2020, Leeb chronicles and analyzes the global events, fluctuations in international currencies, market forces, and economic trends that he predicts will result in a meteoric rise in the gold market.
Books by Stephen Leeb:
China’s Rise and the New Age of Gold: How Investors Can Profit from a Changing World, with Donna Leeb (2020)
Red Alert: How China’s Growing Prosperity Threatens the American Way of Life, with Gregory Dorsey (2011)
Game Over: How You Can Prosper in a Shattered Economy, with Glen Strathy (2009)
The Coming Economic Collapse: How You Can Thrive When Oil Costs $200 a Barrel, with Glen Strathy (2006)
The Oil Factor: Protect Yourself and Profit from the Coming Energy Crisis, with Donna Leeb (2004)
Defying the Market: Profiting in the Turbulent Post-Technology Market Boom, with Donna Leeb (1999)
The Agile Investor: Profiting from the End of Buy and Hold, with Roger S. Conrad (1997)
Market Timing for the Nineties: The Five Key Signals for When to Buy, Hold and Sell, with Roger S. Conrad (1993)
Getting in on the Ground Floor: How to Make Money Now – and From Now On – in the New Bull Market, with Donna Leeb (1986)
Take Your Investment Strategy to the Next Level
Affordable. Essential. By joining Turbulent Times Investor, you’ll gain full access to our Growth & Income Portfolio recommendations.
Most investors have yet to grasp the extent to which the world is changing and the profound impact it will have on financial markets. The global stock markets are rapidly approaching an era of unprecedented turbulence. Investors face enormous risks—but also some great opportunities, which we highlight and monitor in Turbulent Times Investor! Don’t miss out—join now to stay in the loop.
