Larry McDonald is a New York Times bestselling author, CNBC contributor, and Political Risk Expert.
He is the creator of "The Bear Traps Report", a weekly independent Macro Research Platform focusing on global political and systemic risk with actionable trade ideas.
In 2016, Larry McDonald joined ACG Analytics in Washington D.C., as a partner with a unique skill set, as one of today’s leading political policy risk consultants and strategists.
From 2011 – 2016, he was Managing Director and Head of U.S. Macro Strategy at Society Générale.
In 2009, he wrote the international bestseller: A Colossal Failure Of Common Sense, The Inside Story Of The Collapse Of Lehman Brothers – translated into 12 languages, selling over 400,000 copies.
He warned in 2006 about the subprime mortgage crisis and the lasting implications on global financial markets when working as Vice President at Lehman Brothers. From 2007-2008, McDonald led his team into betting against the subprime mortgage market profiting the firm over $2 billion before it’s demise.
Prior working at Lehman, he was the co-founder of Convertbond.com, a website that provided convertible securities information with news, valuation, terms and analysis tools for convertible bonds, convertible preferred stocks, and other convertible securities. Convertbond was acquired by Morgan Stanley in 1999.