John Looby: The crypto house is on fire, and we should let it burn
The jury is now in. The shambolic collapse of FTX and the associated fallout has settled the argument. Cryptocurrencies are a nonsense. Regulators should have nothing to do with them. Neither should investors.
9th Jan, 2023 - 3 min read
Ponder Brexit and the Falklands: Deluded gestures can backfire spectacularly
For Argentina, taking back the Falklands proved a bloody fiasco. For the UK, taking back control is proving an economic calamity. For Ireland, the loudening clamour for a Border Poll risks unknown upheaval to no practical benefit.
28th Nov, 2022 - 4 min read
John Looby: With an obscure financial acronym sinking a British PM, it feels like 2008 all over again
The most dangerous financial strategies are given the dullest names. Take liability-driven investment – an obscure leverage strategy that just helped to bring down Liz Truss.
25th Oct, 2022 - 4 min read
John Looby: We should beware our shifting Overton window
The tribal indulgence of Brexit is progressively impoverishing those who voted for it. Maybe they’re surprised; maybe they’re not. But before we succumb to a comparable indulgence, we should beware the dramatic shift in our Overton window and ponder their fate.