About

Marc Chandler is one of the most recognized strategists in global currency and capital markets, with more than 30 years of experience. He previously served as Global Head of Currency Strategy at HSBC NY and at Brown Brothers Harriman before joining Bannockburn Capital Markets as Managing Director and Chief Market Strategist in 2018.

Chandler is a frequent contributor to the financial press, with commentary appearing regularly in the Financial Times, The Wall Street Journal, Barron's, and Bloomberg. He has often appeared on CNBC, Bloomberg TV, CNN, and Fox Business.  

Chandler holds an associate professorship at NYU's Center for Global Affairs and teaches at Fordham's Gabelli School of Business. He is an Honorary Visiting Professor at UVA's Darden School of Business, an Honorary Fellow of the Foreign Policy Association, and has been recognized as a Business Visionary by Forbes.  

A Chicago native and lifelong Cubs fan, he and his wife live outside New York City. 

In 2009, his first book, Making Sense of the Dollar, was published by Bloomberg Press and received a Bronze Award from Independent Publishers. 

Chandler's second book was published in February 2017.  In some ways, it is the back story of his first book.  What is the worldview that informs the myth-busting thrust Making Sense of the Dollar?  In Political Economy of Tomorrow, Chandler retells the post-WWII history through the eyes of Charles Conant, an influential journalist and policy wonk in the late 19th century and early 20 century.  Conant was introduced in Making Sense of the Dollar, but he plays a central role in the first half of Political Economy of Tomorrow. 

Surplus is the central concept of the new book.  Social relationships have to change to accommodate the surplus.  That is the focus of the second half of Political Economy of Tomorrow.  Three relationships are explored, women and men, employee and employers, and citizens and the state.  It is not so much that relationships have to change.  They already are changing.  Chandler tries to map out the direction of those changes.   

He develops the concepts in this third book, Surplus: The History of Too Much and the End of Economic Primacy, is forthcoming from Prometheus Books on November 3, 2026.  He offers a general theory of surplus which offers different view that the convention view that sees it contained in space (mostly to China) and sectors and usually a result of government "interference." 

Chandler insists that capital is subject to the same law of diminishing margin utility as every thing else. This sounds obvious once stated, but it cuts against decades of received wisdom that treated capital as categorically different — as the engine of growth, always productive, always in demand.  

That surplus of capital has not been neutral. In capitalism, power emanates from the ownership and control of property. And when capital accumulates without limit, so does power. Liberty, in the American political tradition, has been progressively redefined as the freedom of property rather than the freedom of self-governance. Money in politics, defended as free speech, has made a particular mockery of democratic equality. Congress members and federal judges trade equities freely. 

"Surplus" can be read as the extension of the insight of Charles Conant, who was among the first to recognize the significance of  "capital congestion" and offered a combination of exporting US savings and anticipated Keynesian insight to bolster domestic demand through the construction of a social safety net. 

Chandler's Surplus build on Keynes's End of Laissez Faire, but also insists that the reader come to grips with Peter Drucker's insight in The End of Economic Man, written as authoritarianism was taking hold in Europe in the late 1920.  Chandler wants to celebrate the End of Economic Primacy, but is particularly wary of the old breaking down before the new is built, leaving again the opportunity for authoritarianism and nihilism to fill the void.  

Unless otherwise stated all the work on this site is that of Marc Chandler and credit should be given as such. Mr. Chandler assumes no responsibility for losses, monetary or otherwise, resulting from the publication of his work. For more information please contact Marc to Market.