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They took our jobs
Lisa Fedorenko
March 28, 2018
“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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Are rising mortgage arrears a sign of trouble up ahead?
Andreas Lundberg
March 27, 2018
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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The tectonic shift for Facebook
David Buckland
March 26, 2018
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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Why the banks are cutting mortgage rates
Stuart Jackson
March 26, 2018
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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What to Watch
Roger Montgomery
March 23, 2018
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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Myer comes clean and announces $0.5b of significant items
David Buckland
March 22, 2018
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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