INSANE: Paul donovan - The Real Truth

As U.S. Treasury moved to shore up its bond market, the Netherlands rushed 86 tons of gold out of America because of ‘geopolitical unrest’

The move to improve liquidity of gold is “not normal behavior,” said UBS’s Paul Donovan.

Fortune · Sep 3

Gas prices spiral over $4 as U.S.-Iran war heats up again, amid warning that 'economic gravity' will soon catch up to American families

"In the Wile E. Coyote scenario, economic gravity eventually exerts itself," wrote UBS's Paul Donovan this morning.

Fortune · Jul 20

America added more than 1,200 millionaires per day in 2025, but the heyday of the 'everyday millionaire' is already over

The stock market made a record number of people millionaires in 2025. But the real wealth action was happening one tier up.

Fortune · Jun 30

Trump may have shot himself in the foot at the Fed, as Powell could stay on while Miran resigns from White House post

The Democrat roadblock was expected but “raises the prospect of Chair Powell staying on as FOMC chair (not Board of Governors chair) beyond May,” noted UBS.

Fortune · Feb 4

The creator economy may be bigger than we think, and taxing side hustles will be a growing issue as an OnlyFans 'sin tax' is debated

"The side hustle has economic value, but the work is rarely recognized," Donovan said.

Fortune · Jan 18

'Military adventures cost money': Economists' key concern about Trump's Venezuela action is how it weakens $38 trillion national debt picture

“What my concern about Venezuela is that…it’s just confirming that the United States isn’t a very reliable partner.”

Fortune · Jan 5

401(k) Millionaires Surge, Leaving You Asking 'Where's My $1 Million?'

Fidelity hits a record 654,000 retirement millionaires amid soaring stocks, but UBS says many savers spend like the middle class. What does it really take to join the elite club?

International Business Times UK · Dec 12, 2025

Fed’s expected rate cut today is less about stimulating the economy and more about protecting the jobs market from ‘shattering’

A cut is something of an “insurance policy against a shattering of the U.S. labor market,” UBS chief economist Paul Donovan said.

Fortune · Dec 10, 2025

‘This Fed went to sleep,’ says top economist Mohamed El-Erian, who wants to see central bank reformed and presidents to ‘cool it’

Mohamed El-Erian calls for a visionary, less reactive Fed just as Trump settles on his next chair, with Hassett leading and independence fears resurfacing.

Fortune · Dec 2, 2025

National debt crisis will be averted by governments 'mobilizing and encouraging' private wealth to fill their budget holes, says UBS

"Governments have long mobilized private wealth to support public finances. There are several approaches," UBS chief economist, Paul Donovan, outlined in a recent call.

Fortune · Nov 29, 2025