Michael Farr is CEO and founder of Farr, Miller & Washington, LLC. He is Chairman of the Investment Committee and is responsible for overseeing the day to day activities of the firm. Prior to starting Farr, Miller & Washington, he was a principal with Alex, Brown & Sons.
Mr. Farr has appeared on The Today Show, Good Morning America, NBC's Nightly News, CNN, Bloomberg TV, Reuters, and the Nightly Business Report. Mr. Farr is heard on Associated Press Radio, CBS Radio and National Public Radio. And he has been quoted in The Wall Street Journal, Forbes, Fortune, The Washington Post, Businessweek, USA Today, and many other publications. His market blogs can be found on HuffingtonPost.com and Politico.com.
He is a member of the Economic Club of Washington, DC, National Association for Business Economics, The World Presidents' Organization, International Atlantic Economic Society, and The Washington Association of Money Managers.
Mr. Farr is an award-winning author of three books. The first,"A Million Is Not Enough," was published by Hachette Book Group USA in 2008. That was followed by "The Arrogance Cycle," released in September 2011 by Globe Pequot Press. His third book, "Restoring Our American Dream: The Best Investment," was released in March of 2013 by Headline Books Inc. and received a Finalist Award from the Next Generation Indie Book Awards in the Current Events/Social Change category.
Mr. Farr is currently Chairman of the Sibley Memorial Hospital Foundation and a Trustee of Sibley Memorial Hospital and of Sewanee, The University of the South. He is a current Director of Goal Financial, LLC and Atlas Financial Services Group, Ltd. He has formerly served as Vice Chairman of the Salvation Army, Chairman of the Travelers Aid Society, and Trustee of Ford's Theatre; Nation's Capital Progress Foundation; the Paul Berry Academic Scholarship Foundation; and Neediest Kids.
Mr. Farr is a graduate of the University of the South in Sewanee, Tennessee. He is married and has two children.
We need a deal with the greatest amount of cuts, and we need to lift the debt limit - NOW. It looks as if our sovereign debt rating will most surely be cut by the ratings agencies. That this has been allowed to happen is a shameful, despicable black mark that should follow each legislator to his or her grave.
On Thursday afternoon, I appeared on CNBC with my friend Rick Santelli to discuss the debt limit and what may happen when it is reached sometime in early August. If you saw the piece, you know that Rick became fairly passionate about his position that there should be no compromise on increasing the limit and that the government absolutely has to solve this issue by cutting spending.
Greece is the bad penny that keeps cropping up at inconvenient moments. We’d desperately like to forget Greece. Farr has been writing about it for 18 months with all of these depressing comments, and it seems to be among the things blamed for market down days.
We think that by late fall, the Fed will find some new disguise to renew asset purchases in an attempt to help along our baby biker.
The US is facing a double tightening of both fiscal and monetary policies. Europe has raised rates twice, and they are nowhere near seeing daylight in dealing with Greece and her sister sinners. China has raised rates and bank reserve requirements. Global tightening is not a backdrop for economic expansion