Archives for August, 2016

Too Much Technology

In Australia, Mercedes is advertising the new C Class as: “100 million lines of code. One groundbreaking vehicle.” It’s possibly not a good thing that an average car has ’50 times more code than a Raptor fighter jet”. The American Automobile Association (“AAA”) has reported that 2015 was a record year for…

The Australian Real Estate Correction has Begun

Since the commodity boom, the only game in town has been residential house and apartment construction. Virtually all of this construction has been financed by offshore lenders, through local banks. This made eminent sense when Australia’s cash rate was much higher than the rest of the developed world. However, this…