Intelligent machines – fresh legs in the workplace….

Tuesday 25th October 2016

In this issue of Money Truths….

  • Robocop – coming soon to a street near you….
  • Dr. Robot will see you now….
  • Brave new world or dystopian nightmare?
  • Customer service – minus the human element….
  • The human price….

Robocop – coming soon to a street near you….

A police bomb disposal robot has already been used to kill a gunman in America. It happened in July in Dallas.

The robot doesn’t look like Tom Cruise. It didn’t deliver any of the pithy lines or slick moves that Hollywood screenwriters might dream up. But all that is not far down the road.

The future is one where armed robots carry badges, police the streets and keep the peace….

Military research is pushing the price of robotics down. And in the United States, the Pentagon has a policy of peddling equipment originally intended for the battlefield to domestic law enforcement agencies.

Robots don’t get sick, they don’t get fat on doughnuts, they don’t get tired and they don’t need pensions. It is only a matter of time before they are seen as a more efficient, and cheaper policing option than humans. And when it happens in the US, it won’t be long before it happens here.… Click here to read more

The best anti-inflation investment you can make….

Tuesday 18th October 2016

In this issue of Money Truths….

  • The Marmite war….
  • The effects of a weak pound….
  • Prepare for the big squeeze….
  • The best anti-inflation investment you can make….

The Marmite war….

As wars go, it didn’t amount to much of one. Nor did it last very long.

The big guns and the heavy ordinance never made it to the theatre of operations. This was more a case of pop-guns and handbags at dawn. And if you blinked, you missed it.

Last week the consumer goods conglomerate, Unilever – producers of multiple brands popular with Britain’s supermarket trolley pushers (think Marmite, Dove shampoo, Ben & Jerry’s ice cream, Flora & Bovril) – wanted to increase their prices by an average of 10% across the board.

Unilever say that ingredients and the prices of commodities used in packaging – priced in dollars – have increased as a result of the weakened pound. Unilever’s case is this: unless prices rise now, their profits will fall.

Tesco – ever-mindful that every little helps – were resistant. Perhaps they were thinking about Britain’s hard-pressed consumers. Or perhaps there was a little more self-interest at work.

Tesco’s operating profit margin in the last financial year amounted to just 1.9%.… Click here to read more

Make like a bank in the search for yield….

Tuesday 11th October 2016

In this issue of Money Truths….

  • A quick spin through the big picture….
  • A new game for yield-seekers….
  • Make like a bank and put your capital to work….
  • Be aware – rewards come with attendant risks….

A quick spin through the big picture….

Ex-chancellor George Osborne admits that low interest rates have served to help the rich get richer whilst damaging the interests of savers.

Thanks for confirming what we already knew, George. Thanks for bringing us yesterday’s news tomorrow….

Meanwhile, Back of England Governor Mark Carney has come out and said that there is little more monetary policy can do to help Britain’s long-term prospects.

He’s effectively batting the ball back to government and inviting them to rethink fiscal policy – tinker with tax rates, borrow and spend or both….

Sterling plummeted to a 32-year low against the dollar. Britain’s economy didn’t immediately evaporate following the vote for Brexit. But markets know that the dis-engagement process hasn’t even begun and that the road out will be long, complex and troublesome. Uncertainty rules – and the current weakness of the pound reflects it….

There is potential trouble elsewhere too. Italian banks are carrying too much bad debt.… Click here to read more