What do you think about BP plc?

Published by Marc Westlake under Economics |

From time to time, we are asked for an opinion about some investment "opportunity". A while ago we were being asked if "now" was a good time to buy Irish Bank stocks and more recently the conversation has turned towards the opportunity to invest in BP plc created by the Gulf o

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Is gold in a speculative bubble?

Published by Marc Westlake under Economics |

Many commentators are currently claiming that gold is in a speculative bubble and that therefore the price is sure to collapse shortly.

We believe that attempting to form a portfolio based on predictions of the future is bound to fail simply because the future is uncertain.News and events

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Currency investing

Published by Marc Westlake under Economics |

With the recent declines in the Euro many commentators are suggesting investing in alternative currencies as a way of protecting investor's wealth.

We tested this recommendation and conclude that investing in  foreign currencies does not present a viable alternative for investors seek

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David Booth - The practical application of a theory

Published by Marc Westlake under Economics |

Alumnus David Booth gives $300 million to University of Chicago business school; Largest gift in the University

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Inflation of the money supply

Published by Marc Westlake under Economics |

"Fiscal policy!" whooped Ford.  "Fiscal policy!"

The management consultant gave him a look that only a lungfish could have copied.

"Fiscal policy..." he repeated, "that is what I said."  “How can you have money,” de

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Professor Eugene Fama on market efficiency in a volatile market

Published by Marc Westlake under Economics |

Widely cited as the father of the efficient market hypothesis and one of its strongest advocates, Professor Eugene Fama examines his groundbreaking idea in the context of the 2008 and 2009 markets. He outlines the benefits and limitations of efficient markets for everyday investors and is intervi

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In defence of the dismal science

Published by Marc Westlake under Economics |

In a guest article in The Economist, Robert Lucas, the John Dewey Distinguished Service Professor of Economics at the University of Chicago, rebuts criticisms that the financial crisis represents a failure

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