Jonathan Tepper

I'm the co-author of the NY Times bestseller Endgame: The End of the Debt Supercycle, a book on the sovereign debt crisis, and the Wall Street Journal bestseller Code Red: How to Protect Your Savings form the Coming Crisis, a book on unconventional monetary policy.


I am a founder of Variant Perception, a macroeconomic research group that caters to asset managers. I am a Rhodes Scholar, and since leaving Oxford, I've worked as an equity analyst at SAC Capital and as a Vice President in proprietary trading at Bank of America. With my friend and partner Turi Munthe, I founded Demotix, a citizen-journalism website and photo agency that takes photographs from freelance journalists and amateurs and markets them to the mainstream media. Demotix was sold in 2012 to Corbis, a Bill Gates owned company.


I've always been a nerd. I earned a BA with Highest Honors in Economics (my honors thesis was on optimal currency area theory and the symmetry of economic shocks to the labor market in Europe) and History from the University of North Carolina at Chapel Hill, and a M.Litt. in Modern History from Oxford University.


I grew up in San Blas, a neighborhood of Madrid that had one of the highest rates of drug use in Europe. My parents started Betel International, a drug rehabilitation center that has grown from one addict in 1985 to almost 3,000 addicts in 25 countries. As a child almost all my friends were heroin addicts and ex-convicts and most were HIV+. I love jazz, photography, learning languages, reading far too many books and drinking far too much coffee.

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