Next month in Jackson Hole, central bankers and various hangers on will assemble for the social event of the year, if you’re a person who likes to discuss monetary policy over canapés. This time around, though, economists from Goldman Sachs, Morgan Stanley, and other banks won’t be in attendance, because in a fit of oh no they di’nt-ness from the hosts at the Kansas City Fed, they weren’t invited.

Among those who didn’t make the guest list: Vincent Reinhart of Morgan Stanley (MS), Jan Hatzius of Goldman Sachs Group Inc. (GS), and Bank of America Corp.’s Ethan Harris. Onetime conference regulars, including Mickey Levy of Blenheim Capital Management LLC and Meredith Whitney of Kenbelle Capital LP, also lose out. They’ll miss a conference that has foreshadowed some of the Fed’s biggest monetary-policy shifts since the financial crisis, and a keynote speech by Chair Janet Yellen. Perhaps as importantly, they also will be deprived of the opportunity to mingle with policy chiefs over meals and on mountain trails….Limiting access for Wall Street and other private-sector economists marks a reversal from the Jackson Hole conferences of past years.

While some are trying to brush off the snub as no big deal, others know that missing out on an opportunity to tell people at work you went white water rafting with Janet Yellen is something from which Jan et al will not soon recover.

“Generally you have credibility by being there and people are friendly and happy to talk,” said Martin Barnes, chief economist of Montreal-based BCA Research. “It’s very useful in the sense of networking.” Attending the conference is “a huge ego booster and regarded as a very prestigious thing to be invited to,” he said.

But rather than dwelling on brush off (and frantically calling REI to see what their return policy is on all the gear you picked up in anticipation for the trip), why not hold a rival conference? Some place far enough that it doesn’t look like you’re trespassing but close enough that your presence is felt. Fargo, N.D. could be an option.

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Comments (7)

  1. Posted by Captain Oblivious | July 22, 2014 at 3:34 PM

    What is Meredith Whitney going to do with all of those condoms she bought for the trip??

  2. Posted by Quant me maybe ... | July 22, 2014 at 4:04 PM

    Fill them with heroin and shove them up her butt.

  3. Posted by Guest | July 22, 2014 at 4:15 PM

    First, it was Meredith Whitney Research, now this "Kenbelle Capital"…when is Meredith Whitney going to finally just throw in the towel…

  4. Posted by corbetshoback | July 22, 2014 at 4:25 PM

    If I was Meredith I'd have moved to Jackson full time years ago. Vugget- time to ski and fish.

  5. Posted by guest | July 22, 2014 at 4:30 PM

    They can stand n the side of the road reporting with Charle Gasparino

  6. Posted by Guest | July 22, 2014 at 4:42 PM

    shocking fall to grace for Meredith. Guess they're still angry about not seeing the muni-bond market fall apart

  7. Posted by Meatstick | July 23, 2014 at 9:45 AM

    She was going to move out there with the other one hit wonder and his pet pig, but they couldn't get broadband wireless service for some reason.