NetWorth Radio Advance Report - March 26, 2018

In this NetWorth Radio Advance Report, Spencer McGowan, President of McGowanGroup Asset Management, delivers financial news and intelligence with insights you can act on for March 26, 2018.

Advance Report

Radio Show

Powerful Interviews

Spencer Interviews the Founding Director of the O'Neil Center for Global Markets and Freedom at the SMU Cox School of Business and Former Chief Economist of the Federal Reserve Bank of Dallas


W. Michael Cox is the founding director of the O’Neil Center for Global Markets and Freedom at the Southern Methodist University Cox School of Business.  The focus of the O’Neil Center is the study of the impact of competitive market forces on freedom and prosperity in the global economy. Additionally, a major new initiative of the O’Neil Center is The Texas Economic Freedom project which will study the economic system of Texas.

Dr. Cox is formerly Chief Economist and Senior Vice President of the Federal Reserve Bank of Dallas, where he served for 25 years advising the President on monetary and other economic policies.  He holds the unique distinction of being the Federal Reserve System’s only Chief Economist in history.

Cox is widely published in the nation’s leading business press, Fed publications and academic journals.  He is the author of numerous op ed articles for The Wall Street JournalThe New York TimesUSA TodayFinancial Times, and Investor’s Business Daily; and his work has appeared in virtually every major newspaper and magazine worldwide.

Dr. Cox co-authored the Fed’s acclaimed series of annual report essays on capitalism, globalization, and American living standards.  He has contributed to a number of public policy issues, and his research is frequently designated as required reading for Congress.

Dr. Cox has comprehensively documented American progress and its delivery mechanism-free markets.  Looking at multiple aspects of living standards, he proves that capitalism is far and away the economic system that best provides for the progress of nations.  He battles economic doomsayers and capitalism’s enemies with his book, Myths of Rich and Poor: Why We’re Better Off Than We Think.

The media rely on Dr. Cox’s ability to make plain sense out of difficult economic issues.  He is a frequent guest on national radio, television and Internet programs, including ABC’s John Stossel program, CNN, Fox News, ReasonTV, Voice of America, National Public Radio and BizRadio.

He is Past President of the Association of Private Enterprise Education, a CATO Institute Adjunct Scholar, Senior Fellow at the National Center for Policy Analysis, Senior Fellow at the Dallas Fed’s Globalization and Monetary Policy Institute, and a Distinguished Scholar of his undergraduate alma mater Hendrix College.  His thirty four years of university teaching include Virginia Tech, the University of Rochester and Southern Methodist University. 

Cox is President and CEO of W. Michael Cox and Associates, LLP, a Dallas-based private consulting group.  He lives in Dallas with his wife Maria and daughter McKenna.

Dr. Cox’s recommended reading for investors, mentioned in the interview, is available HERE with emphasis on Chapter 7.

Featured Research Solutions:


Investors are invited to improve decision making with a comprehensive tour of global economics, indicators, and actual results.

*ClearBridge on Energy Income Investing – Dangers and Potential Rewards.


As of November 27, 2017. Source: Partnership reports and Wells Fargo Securities estimates (organic capex estimates include MLP and C-corp); Bloomberg Finance L.P.For illustrative purposes only. Estimates are inherently limited and should not be relied upon as indicators of future performance or forecast of actual future events. Capital expenditures (capex) , also called capital spending, is an amount spent by a company to acquire or upgrade productive assets (such as buildings, machinery and equipment, vehicles) in order to increase the capacity or efficiency of a company for more than one accounting period. EBITDA measures earnings before interest, tax, depreciation and amortization.


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