Lombard Street Research

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Lombard Street Research Limited
Privately Held
IndustryFinancial Services
FoundedLondon, United Kingdom (March 1989, 09 (09-03-1989))
FounderTim Congdon
City of London
United Kingdom
Key people
  • Andrew Williams (Chairman)
  • Charles Dumas (Head of Research)
Number of employees
ParentTSL Research Group

Lombard Street Research (LSR) is a macroeconomic forecasting consultancy with headquarters in London and offices in New York and Hong Kong. LSR provides research and advisory services to a global network of influential investors including: asset managers, hedge funds, pension funds, Central Banks, private equity funds, investment banks and corporations.


LSR was founded in 1989 by Tim Congdon, a British economist specializing in the monetarist approach to macroeconomic policy. He was soon joined by Brian Reading. Charles Dumas joined the firm in 1998, to take over the international forecasting service, and became Chief Economist in 2005. Since 1989 Lombard Street Research has stated as its aim to provide global investors with independent, provocative economic analysis and investment advice that challenges the consensus.

LSR’s forecasting methodology combines Keynesian and monetary economics. They utilize analysis of money supply, sector financial balances and flow of funds in their forecasting methodology. In 2005 LSR were among the few forecasters to predict the global financial crisis.[citation needed]

LSR was acquired by TSL Research Group in 2016.[1]


LSR provides two main services: 1) Macroeconomic Research and 2) Investment Strategy.

Second opinion about a report[edit]

In 2012 the consultancy published a report about a possible return of the Netherlands from the Euro to the Dutch guilder. The report was commissioned by the Dutch party Party for Freedom. The conclusion was that the Netherlands would save money by returning to the Guilder. The Dutch parliament requested a second opinion to the Bureau for Economic Policy Analysis which is a Dutch government organization. The Bureau for Economic Policy Analysis criticized among others the attribution by LSR of economic differences between countries to the Euro, while neglecting other causes.[2][3][4]


  1. ^ "Lombard Street Research merges with Trusted Sources - FTSE Global Markets". www.ftseglobalmarkets.com. Retrieved 2016-10-05.
  2. ^ "Euro-onderzoek Lombard Street Research gebrekkig | CPB.nl". www.cpb.nl. Retrieved 2016-10-05.
  3. ^ "CPB noemt euro-onderzoek Wilders 'gebrekkig'". Retrieved 2016-10-05.
  4. ^ "A Dutch exit?". The Economist. 2012-03-05. ISSN 0013-0613. Retrieved 2016-10-05.