“Whatever your job is, the chances are that one of these machines can do it faster or better than you can.” Sound familiar? It’s from a tabloid (the Daily Mirror) back in 1955. This was first instance where the media headlines fuelled fears that artificial intelligence (a term coined by mathematician John McCarthy), would lead to mass unemployment. Continue…

by Lisa Fedorenko Posted in Technology & Telecommunications.

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by Roger Montgomery's Team Posted in Old Content.

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A new report confirms that mortgages in arrears are rising sharply. Is this just a blip, or a worrying sign that more and more Australian borrowers are struggling to meet their commitments? Continue…

by Andreas Lundberg Posted in Editor's Pick, Financial Services.

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Last Friday, I attended a conference call with Dr R David Edelman, Former Special Assistant to President Obama for Economic and Technology Policy, National Economic Council (NEC), where he discussed the tectonic shift in terms of the headwinds facing Facebook, and to a lesser degree the US Technology Sector. Continue…

by David Buckland Posted in Companies.

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After raising standard variable rates on interest only and investment property mortgages in 2016 and 2017, the big banks have recently unwound some of these increases. This has surprised some observers. So, what’s going on? Continue…

by Stuart Jackson Posted in Editor's Pick, Financial Services.

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We have often written about the boom in non-income producing assets – such as collectibles – and the associated world record prices, as being a sign of the very late stages of a credit cycle. Eventually, the boom will unwind – it always does – and one consistent signal has usually been investors pulling back from one asset class even while other asset classes continue to party. Continue…

by Roger Montgomery Posted in Market commentary.

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by Roger Montgomery's Team Posted in Old Content.

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In the six months to January 2018 Myer’s total revenue declined 3.6 per cent to $1.72 billion. Operating Gross Profit declined 5.5 per cent to $645 million and margin came down 0.73 per cent to 37.5 per cent (and down from 41.5 per cent in Fiscal 2013). Normalised net profit fell 36 per cent to $40 million or EPS of 4.9 cents. The interim dividend was cut from 3 cents to nil. Continue…

by David Buckland Posted in Companies.

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