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Another banking executive (former Federal Reserve employee) commits suicide

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On Thursday, the lifeless body of 50-year-old Mike Dueker, chief economist at Russell Investments, was found on the side of the road, near the Tacoma Narrows Bridge in Washington state.

He was reported missing on a day earlier.

Apparently, Dueker jumped over a fence and ended up at the bottom of a 50-foot embankment, according to the Pierce County Sheriff's Office.

The death has been ruled a suicide.

Bloomberg News reported:

Dueker worked at Seattle-based Russell for five years, and developed a business-cycle index that forecast economic performance. He was previously an assistant vice president and research economist at the Federal Reserve Bank of St. Louis.

His most-cited work was a 1997 paper titled “Strengthening the case for the yield curve as a predictor of U.S. recessions,” published by the reserve bank while he was a researcher there.

View Dueker's Business Cycle Index...

Dueker, who spent 17 years at the Federal Reserve, was a highly respected economist and tireless researcher, publishing more than 100 papers on monetary policy and economic forecasting.

View Dueker's archives...

Of course, the economist was the third top banking official to commit suicide in the past week, further fueling speculation that we may soon be headed for worldwide economic catastrophe.

So, just what did this respected economist see for our future?

Is this why he ended his life?

This columnist fears we may find out the answers to these troubling questions sooner, rather than later.

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Doomed: Two senior banking officials commit suicide in just two days