John Looby

John Looby

Germans determined that euro’s value will not erode

Germans determined that euro’s value will not erode

Greece has learned the harsh lesson that a currency must be backed by the certainty of credible policy

German orthodoxy has lost out to practical politics

German orthodoxy has lost out to practical politics

Berlin took on Frankfurt. Frankfurt won, at least for now.

National sovereignty is redundant in the modern world

National sovereignty is redundant in the modern world

A sense of ‘sovereignty lost’ pervaded much of the debate here during the troika years. Equat...

There’s no such thing as a dead cert

There’s no such thing as a dead cert

At this time of year, investment gurus are busy peddling certainties that are just guesswork in disguise

Heavyweights clash over fundamentals of economics

Heavyweights clash over fundamentals of economics

Comment: A cacophony of competing economic theories has replaced the comfort consensus of the pre-crisis period, writes John Looby.

Insider: The challenge of value investing

Insider: The challenge of value investing

One must question whether a discount rate of 8 per cent on an asset can be sustainable when bond yields are at an all-time low, writes John Looby.

Eurozone needs a Nama to survive

Eurozone needs a Nama to survive

A eurozone-wide Nama would drive interest rates down and alleviate investor worries - and could also turn our fortunes around, writes John Looby.

Without trust, the banks are stuck

Without trust, the banks are stuck

The climate of doubt surrounding the banking system means that interest rates are likely to remain low for the foreseeable future

Fed’s response may highlight its weakness

Fed’s response may highlight its weakness

The Great Depression following the Wall Street crash of 192 9 has been widely blamed on the flawed policy response of the US Federal Reserve.

Time to find an answer to Ireland’s funding fix

Time to find an answer to Ireland’s funding fix

Instead of borrowing billions of euro and hinging Ireland’s future on the EU and IMF, perhaps some financing can be achieved more imaginatively

Risk is unavoidable with investment in banks

Risk is unavoidable with investment in banks

Investing in bank shares is never for the faint-hearted. The list of those who have lost significant sums investing in Irish bank shares seems to be a long one.