Paul McCulley (Retired), PIMCO Investments
“Lou Crandall and his team are the most used and least cited analysts on Wall Street. Lou is the unquestioned Michael Jordan of federal debt projections; he plays the game, week in and week out, at a level that no other Street economist has ever remotely reached. While most wouldn't admit it, no chief economist at one of the major houses would even think of issuing a forecast of Treasury activity without privately benchmarking it against Wrightson. Lou's detailed analysis and forecasting of the whole range of high frequency forecasts is also highly valued; there's nobody better at separating noise from information in the data. When I was Chief Economist for the Americas for UBS, I paid to read Wrightson, even though the firm was ostensibly a competitor. Now that I'm head of the Short-term Desk here at PIMCO, I still pay to read Lou and value his work even more.”