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Letter from our President

Dear Members,

To begin with, we sincerely hope that you and your families are safe and have adjusted to the unusual circumstances that we all find ourselves in. Given that the current situation is certainly not ideal for the mission of our organization, we remain energized and are very pleased to announce the start of the 2020/2021 season of the Money Marketeers of NYU.

Before diving into the particulars of our exciting new season, I would like to take a moment to recap the efforts the Board has undertaken in the last few months in order to prepare for not only our upcoming season, but the future path of the organization.

First off, given the extreme conditions related to both the quarantine/social distancing and the COVID-19 virus effect as a whole, the decision was made to reinstate the existing Officers and Governors of the Board for one additional year. This decision was not made lightly and after much consultation, the view of the Board was that continuity during this very disruptive time would ultimately be more beneficial to the organization. The Board prides itself on carrying the standards and traditions that have been in place for the last 74 years and look forward to a resumption of normal affairs as soon as realistically possible.

Furthermore, the Board has decided that we as an organization should continue to grow and adjust into this “new normal” and as such we are very pleased to relay that in this season we will introduce a variety of new forums, guests and events. The Money Marketeers of NYU has always maintained close contact to both the academic and “real world” of economics and finance, just as those worlds are ever expanding and shifting, so will we.

That being said, and in light of strains within the global community, the Board has also decided that for the 2020/2021 season we will be reducing our annual dues to $125. We fully recognize that everyone’s situation is different, but we also ask that you consider where that contribution goes and to what effect. I would argue, now more than ever, the support of scholarship in the disciplines of economics and finance at such a venerated institution as the NYU Stern School of Business is of extreme importance. Moreover, we ask that you, our members, look to your own networks, friends and associates and please spread the word about the value of our organization and help us increase both visibility and applications for membership.

Lastly, we are extremely pleased to announce that our first speaker for the upcoming season will be Torsten Slok, Chief Economist at Apollo Global Management, on September 24, 2020 at 1:30pm. Torsten, outside of being an excellent speaker, has a rich and diverse career in both economics and finance in both public and private enterprise. With that experience, his talk entitled, “The Outlook for the US economy, the Fed and markets”, is sure to help us gain a better understanding of our current situation and where the economy and markets may ultimately go.

We look forward to you taking part in our upcoming season and sincerely appreciate your financial support as we transition our organization into one that will utilize our rich history and innovate into the future.

All the best and please continue to be safe,

Alain Van Loo

President, Money Marketeers of NYU

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