John Looby: As central banks get out the chequebooks, we need to talk about Modern Monetary Theory
Roundly dismissed in the past, the stunning spectre of major central banks creating and spending vast quantities of money without recourse to taxpayers or bond markets has propelled Modern Monetary Theory towards the mainstream.
24th Mar, 2020 - 4 min read
Covid crash: Why the crisis could accelerate the market drive to equity income investing
The collapse in returns available from fixed income assets is a major challenge, and the coronavirus shock has driven them even lower. Meanwhile, the attraction of positive, growing and sustainable equity income is compelling. Are we on the cusp of a historic shift by long-term investors from Fixed Income to Equity Income?
17th Mar, 2020 - 6 min read
Market unrest, time to invest? How you can exploit the positives of falling stock prices
For any investor who is not a forced seller, falling stock prices should be welcomed rather than feared. Instead of fearing this inevitability, ignore the frenzied commentary when stock prices fall, and exploit the positives of the opportunities on offer.
4th Mar, 2020 - 4 min read
Stock investors – don’t be a lemming without a life jacket
Facing into a new year and beyond, before making any investment decision try to recall the three types of lemming. In the context of the extraordinary stock-market performance of recent years, not doing so could yet prove very costly.
28th Jan, 2020 - 3 min read
John Looby: There’s a political consensus in Ireland: the wealthy should pay up
Nobody likes paying tax. For politicians, lessening or removing the burden is invariably tempting. But the inevitable outcome – that more and more people pay less and less tax – has reached extreme proportions in the Irish personal tax system.
20th Jan, 2020 - 4 min read
Investors beware: Why risk in a bank is of a fundamentally different order to almost any other investment
Banks are different. They are structurally vulnerable to crisis. We can’t know when or where the next banking crisis will occur, but we do know that with their current structure there will be one.
6th Jan, 2020 - 3 min read
How the legacy of Nixon is still shaping the world. The combined series by John Looby
After almost a quarter of a millennium broadly tied to gold, the money of the world was cut free in 1971. Over five columns, John Looby examined the impact of that decision on the world of finance. Here is the combined series.
3rd Jan, 2020 - 34 min read
John Looby: Why try to beat the market? Because you can. Don’t stop believing
The evidence and rationale that the market can be beaten is compelling. If successful, the power of compounding makes the active approach significantly more rewarding. The search for a credible approach which gives a good probability of success is therefore worthwhile.