Saunderson House: Seat belts fastened

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25 February 2016


Saunderson House200In the month since our last note, the outlook for the global economy appears to have deteriorated markedly, and we find ourselves in the biggest equity market correction since 2008.

Investors are running for cover amidst concerns about, well, everything: slowing global growth, bank solvency, the oil glut and possible policy errors from central banks. Near panic conditions are causing wild volatility which, in turn, is creating further concern for investors.

In such circumstances the temptation is to sell now and ask questions later. In this note, however, we try to ask the questions first, and attempt to answer them. We conclude by offering our observations about whether it is right to join the stampede out of risk assets or stand aside.

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Woebots and robots

Nadia chatbot

The chances are that you may not be entirely sure what a bot or a chatbot is. So, the news that, “starting today, DoNotPay is opening up so that anyone can create legal bots for free (with no technical knowledge)” may be a bit opaque. But bots have their devotees. The picture is of Nadia, an Australian bot being developed to give information on disability benefits with the voice of Cate Blanchett. The editor of Chatbots Magazine (OK, no neutral source) is pretty clear about their future. He writes articles with titles like ‘How bots will completely kill websites and mobile apps’. Joshua Browder, the creator of the DoNotPay parking ticket challenger, is behind what he hopes will be this major expansion of legal bots.

July 21st, 2017