Douglas S. Roberts is the founder and Chief Investment Strategist of the Channel Capital Research Institute (www.ChannelCapitalResearch.com). He is a contributor to AOL's Money & Finance section and is frequently called upon by the media as an expert on the Federal Reserve Bank. Roberts was a vice president and portfolio manager at Bernstein Investment Management as well as research and managing director of the Roberts Mitani Group—a New York merchant bank specializing in the investment of capital from Japan and East Asia. Roberts began his career with the Morgan Stanley Group, working in the corporate finance department in both the New York and London offices. He earned a BS and an MBA from the Wharton School at the University of Pennsylvania.