The Economics Report began in the early 1990's with
a program, hosted by Al Korelin, airing on about a dozen stations
in the Pacific Northwest. For the first ten years of its existence,
the hosts dealt with conventional business issues of the time.
Realizing that things were starting to "smell funny"
in the late 1990's, the program began to question the rationale
of the investments of the day.
Very quickly it became obvious to Korelin and others
on the show that the economy was in trouble and people needed to
protect themselves and their families from the financial turmoil
which had begun - turmoil which was causing major losses in the
values of people's savings.
The program began to focus entirely on asset based
investing and political issues affecting the financial well being
Since that time, the price of hard assets, specifically
gold and silver have increased significantly in price. (Gold was
trading at $254 per ounce at the time and today trades well over
$1100 per ounce. Silver was trading under $3.50 per ounce and today
trades above $16 per ounce.)
Politically, our country went from relative complacency
to one now witnessing a level of divisiveness never before seen
in its history.
The listenership of the show, needless to say, expanded
Korelin was joined in 2009 by Clyde Harrison, the co-founder of
the Rogers Raw Material Fund, and Steve Carr, of Alliance Investments.
Together Korelin, Harrison and Carr began The Economics
Report. The purpose of the show is to discuss all sides of current
political and economic issues so that listeners can make up their
own minds without being influenced by a single point of view. The
Economics Report advocates clear and informed thinking.
The hosts and their guests are strong believers in
asset based investing for personal financial protection and in considering
all aspects of an issue prior to forming an opinion.
Alexander Korelin has been involved in the financial community since
1967 when he received his Bachelor of Arts degree from the University
of Washington with a dual major in Economics and Russian literature.
He went on to receive his Masters in Business Administration degree,
with an emphasis Finance and International Trade, from the University
of Puget Sound in 1978.
He founded A.B. Korelin and Associates in 1982. The
focus of the Company has always been on the mining industry. Al
and his associates specialized in completing the regulatory work
that needed to be done in order for Canadian mining companies to
be traded in the United States on major exchanges. To date, the
Company has registered more of these firms with the U.S. Securities
and Exchange Commission than any other organization of its kind.
In addition to his regulatory work, Al started the
Korelin Economics Report, an internationally syndicated radio program,
in the early 1990’s. He also was an active member of the Board of
Directors of American Pacific Bank for twenty two years.
As a Director of the Bank, he oversaw its evolution
from a small private, rural community institution located in Aumsville,
Oregon to one with its headquarters in downtown Portland and trading
on Nasdaq. During his twenty two year tenure, he served on many
of the Bank’s Management Committees; participated in meetings with
the Federal Reserve; and, retired when the Bank was purchased by
a major banking institution.
On the air, Al discusses political and financial issues
that affect investing with well-known experts in the field. The
program has become the most widely listened to of its type with
millions of radio and internet listeners.
Clyde Harrison is the Founding Member of Beeland Management Co.,
L.L.C., which manages the Rogers Raw Materials Index Funds. Mr.
Harrison served as Beeland's CEO for it's first five years. During
this time the fund gained 150% while the benchmark S&P; index gained
Mr. Harrison began his finance career in 1968 with
Lamson Brothers, becoming the youngest partner in the firm's history.
In 1974 he became General Partner with Carl Icahn,
managing hedge positions for corporate takeovers of up to $100 million.
Mr. Harrison served as a consultant to Commerz Bank and created
their risk control system to move their futures headquarters to
the US in Chicago.
Mr. Harrison has been a member of the Managed Futures
Committee of the Chicago Mercantile Exchange. He has served as a
bank director for five years, consulted for NBD Bank, Northern Trust
and served as Special Consultant to the Chairman of the Chicago
Board Options Exchange. Mr. Harrison is a prior member of the International
Monetary Market and Chicago Board Options Exchange. Mr. Harrison
has also served as General Partner for a number of private investment
and trading funds.
Mr. Harrison has been acknowledged for his contributions
to several books, published numerous articles and has made multiple
He has been featured in Barron's, Pensions & Investments,
Investment News and Crain's.
Mr. Harrison has been a nationally recognized public
speaker for over 10 years, speaking at the National Conference for
Public Employee Retirement systems, the International Exchange Conference
and the US Federal Reserve Conference. Steven A. Carr is a Director
and Executive Chairman of Alliance International Investors Inc.
Mr. Carr began a natural resource business in 1975 after college.
He started trading in futures to hedge his inventory and customer
purchases and has since been an active hedge and speculative trader
in the natural resource markets.
In 1979 Mr. Carr became involved in politics through
what would later become know as the ‘Reagan Revolution’. He became
Director of Development for the United Republican Fund (URF) of
Illinois in 1987. Mr. Carr helped develop and employ a strategy
that would catapult the URF, by raising significant funds, to the
status of the largest PAC (political action committee) in Illinois.
In 1993 Mr. Carr began his formal media exposure through
his daily radio program. His shows received air time on over 500
radio stations throughout the United States and Canada.
In 1999, Mr. Carr co-founded The Millenia Fund Partnership,
a Hedge Fund which focused on precious metals and created high net
returns for clients.
In 2002 Mr. Carr was instrumental in forming a private
investment group that invested in the natural resource sector.
Mr. Carr is co-author of the book “Celebrate Life”.