At the Intersection of
Macroeconomics and Politics
About Evenflow Macro

Evenflow Macro helps its clients understand the intersection of macroeconomics and politics in a way that is meaningful to their own business.   In today’s world, economic and financial performance are heavily influenced by the economic strategies of central banks, national governments, and international negotiators.  The success or failure of their policies is critical to assessing the most likely course ahead for the global economy and financial markets.  Evenflow Macro integrates fundamental analyses of economics and foreign affairs with assessments of political realities.

Our economists have held key positions at the White House, the Treasury, the US Embassy in Beijing, the Federal Reserve, the Senate, the IMF, and a winning Presidential campaign.  We work to identify macroeconomic changes early and provide a unique understanding of global events. Our deep experience as former policymakers allows us to offer original insight into current events as they unfold.  At Evenflow, we emphasize flexibility in thinking and strive to minimize our own biases.

Our Clients

Evenflow Macro partners with a limited number of clients who are heavily invested in the future.  They value thoughtful analysis, honesty and integrity and seek a two-way relationship with a trusted advisor. Our client’s time is the most valuable commodity so we ensure that all of our analysis is clear, concise and immediately digestible. We see our clients regularly in person as there is still no technological substitute for person to person discussion.

History has shown time and time again 
the importance of getting both the economics and politics right.  

In 1790, Thomas Jefferson brought together Alexander Hamilton and James Madison for a meeting at his house on Maiden Lane in New York.  There, over dinner, an agreement was reached that established the economic course for a new nation.  Hamilton’s plan to have the Federal government assume the responsibility for state debts was agreed to in exchange for moving the nation’s capital to the South.  A matter of great economic importance needed and received a political solution.  But solutions do not always come easy.

One hundred and fifty years after the Jefferson dinner, a group of European Kings and Presidents came to together to create the Treaty of Rome.  The idea was to devise a union that bound France and Germany together to prevent another devastating war on the European continent.  But ceding political power was difficult and the economic integration proceeded without the accompanying political integration.  The end result was a wounded monetary union where individual countries are pitted against each in recurring crisis.  Europe needs a political solution as much as an economic solution.  It is still waiting for a trio to match the wits of Hamilton, Madison, and Jefferson.  

The Evenflow Macro Team
Marc Sumerlin
Managing Partner

Evenflow Macro was founded in 2013 by Marc Sumerlin. Previously, Mr. Sumerlin spent ten years as Managing Director of the Lindsey Group, a global economic consulting firm. During that time he traveled extensively to Japan, China, Arabia and Europe. From 2001 to 2002 Mr. Sumerlin served as Deputy Assistant to the President for Economic Policy and Deputy Director of the National Economic Council.  In that capacity, he helped the President of the United States develop and implement his economic agenda.  He also worked as an economic policy advisor for George W. Bush for President, after starting his career at the U.S. Senate Budget Committee.

Mr. Sumerlin holds a Master of Arts in Applied Economics from Johns Hopkins University and a Master of Public Policy from Duke University, where he was a Senator Jacob Javits Fellow. He graduated Magna Cum Laude from Georgetown University.

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Phillip Swagel
Advisor

Phillip Swagel is an advisor to Evenflow Macro and contributes to the firm’s economic and policy analysis.   Mr. Swagel is a Professor of International Economic Policy at the University of Maryland’s School of Public Policy; he was Assistant Secretary for Economic Policy at the Treasury Department from December 2006 to January 2009, serving as chief economist for Secretary Henry M. Paulson. He was previously chief of staff at the White House Council of Economic Advisers from 2002 to 2005 and an economist at the IMF and the Board of Governors of the Federal Reserve. At Treasury, Mr. Swagel was involved with a range of policies, including the TARP, housing, energy, environment, pensions, and macro analysis.  He has been especially involved lately in policy efforts concerning housing finance reform and broader financial regulatory reform. Mr. Swagel received his Ph.D. in economics from Harvard University and an A.B. in economics from Princeton University.

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David Dollar
Advisor

David Dollar is an advisor to Evenflow Macro with a special emphasis on the Chinese economy.  Mr. Dollar is a Senior Fellow in the John L. Thornton China Center at the Brookings Institution.  Prior to joining Brookings, Mr. Dollar was the U.S. Treasury’s Economic and Financial Emissary to China, based in the U.S. embassy in Beijing (2009-2013).  In that capacity he facilitated the macroeconomic and financial policy dialogue between U.S. and Chinese policy-makers.  Prior to joining Treasury Mr. Dollar worked 20 years for the World Bank.  Most recently he served as Country Director for China and Mongolia, based in Beijing (2004-2009).  His other World Bank operational assignments primarily focused on Asian economies, including South Korea, Vietnam, Cambodia, Thailand, Bangladesh, and India.  From 1995 to 2004 Mr. Dollar worked in the World Bank’s research department.  His published research focuses on economic reform in China, globalization, and economic growth.  Prior to joining the World Bank he taught economics at UCLA, during which time he spent a semester in Beijing teaching at the Graduate School of the Chinese Academy of Social Sciences (1986).  He has a PhD in economics from New York University and a B.A. in Chinese history and language from Dartmouth College.  

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Anita Zayghami
Senior Associate

Anita Zayghami is an associate with Evenflow Macro working on foreign policy analysis. Her focus intersects a wide range of fields in international relations, with attention paid to Iranian politics, Middle East affairs, oil market analysis, religious and cultural understanding, and American foreign policy. Anita received her undergraduate degree in philosophy from the University of Maryland, College Park and a Masters in international relations from Harvard University. ‚Äč

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