A second breakfast conversation with Robert Aliber

Held on Thursday, February 22, 2018


  • Robert Aliber (University of Chicago)

  • Jamie Dannhauser (Ruffer)



Last October, we organised a very interesting and informative breakfast discussion with Bob Aliber – who, as you probably know, brought out the fifth, sixth, and seventh editions of Manias, Panics and Crashes (following Charlie Kindleberger). Bob has been a faculty member at Chicago’s Booth School since 1965, and is now an (extremely active) Emeritus Professor.

He is also deeply gloomy about the outlook for global markets – and recently sent us an open letter (here) dated January 21, in which he predicted a fairly imminent decline in US stock prices of “forty to fifty percent”. That is even gloomier than his message five months ago – when he also told us that he had shifted his own personal holdings into cash in anticipation of a market bust.

I am delighted (though apprehensive) that Bob has agreed to speak again – against a backdrop of ever-advancing Armageddon.

Fortunately, this time I hope he won’t get things all his own way. Kicking off the response will be Jamie Dannhauser, in-house economist at Ruffer LLP, a member of the IEA’s shadow MPC, and a former research director at Lombard Street Research.

I am not sure that coffee, tea and buns will be enough to keep your spirits up – but there will be plenty on offer. And, at the very least, there will be lots to agree or disagree with. So, please join us for what I am sure will be a lively discussion – just let us know by emailing alex@csfi.org.uk or phoning the Centre (0207 621 1056).

Sincerely yours,

Andrew Hilton