wu tang dan @hugh_tower
macro and markets Queensland, Australia Joined July 2014-
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Friends, every month I make the same post. Inflation stopped going down 9 months ago. Wage and price inflation is embedded well above target. I don't know why this is so hard to understand.
Friends, every month I make the same post. Inflation stopped going down 9 months ago. Wage and price inflation is embedded well above target. I don't know why this is so hard to understand. https://t.co/8o49nPpLPa
LOL. If you don’t see this a no-landing, embedded inflation economy, you’re just not paying attention.
My view on super for housing has changed after digging into the superannuation system design in more detail. Now, I think it is totally reasonable to use super for your own home, and there are two main reasons. 1. Super is already used to buy homes in SMSFs, BTR and paying…
Friends, every month I make the same post. Inflation stopped going down 8 months ago. Wage and price inflation is embedded well above target. I don't know why this is so hard to understand.
@StevenJMiles Alderley, 700m2, investment house, joint tenants; Yeronga, 2BR, investment unit, joint tenants; West End, 3BR, investment unit, joint tenants; Mango Hill 495m2, principal place of residence, sole owner
@Scutty Let me translate this latest communication - SoftBank is about to blow up - and we are scared shitless . Pray for us .
A constructive critique of monetary policy needs to clarify whether it’s the RBA’s forecasts or its objectives that you disagree with. “People are hurting” is not news; it was implied by the RBA’s forecasts ages ago. If you would prefer accelerating inflation, you should say so.
A constructive critique of monetary policy needs to clarify whether it’s the RBA’s forecasts or its objectives that you disagree with. “People are hurting” is not news; it was implied by the RBA’s forecasts ages ago. If you would prefer accelerating inflation, you should say so.
@TheKouk Yet the man on the street can’t feed himself . Hero - trimmed mean is what matters - it’s 5.3% . Real world - not made up numbers - are even higher . Nobody has a fatter wallet . Wanna cut rates and make it worse . Well done 👍
DEWR when you ask them to suspend mutual obligations because Workforce Australia is a disaster: 'Well, there's no magic button to switch these things off. It's very complex.' DEWR when there's a technical outage: 'We have pushed the magic button that we of course have.'
DEWR when you ask them to suspend mutual obligations because Workforce Australia is a disaster: 'Well, there's no magic button to switch these things off. It's very complex.' DEWR when there's a technical outage: 'We have pushed the magic button that we of course have.'
@GrogsGamut With more in super, younger households with decent credit ratings have likely borrowed more to offset it. Only the poor are truly compelled to save by compulsory super. Others get tax breaks or work round it by borrowing more. Unintended consequence of bad policy. #auspol
Grattan is loud about salt but silent on a much deadlier public health problem: Mandatory bicycle helmet laws. Mandatory helmet laws lower life expectancy by discouraging bike riding, thus increasing car usage, and in turn road deaths, pollution, sprawl, inactivity, etc etc
Grattan is loud about salt but silent on a much deadlier public health problem: Mandatory bicycle helmet laws. Mandatory helmet laws lower life expectancy by discouraging bike riding, thus increasing car usage, and in turn road deaths, pollution, sprawl, inactivity, etc etc
A senior NSW law enforcement official about a Chinese money laundering operation: “People pretend that this doesn’t impact on the cost of living and housing, but it does.” Meanwhile back in parliament, Tranche 2 laws are MIA! smh.com.au/national/chine…
In Australia a scene like this would be called a “crime spree” and would result in $1000s of helmet fines in most states
In Australia a scene like this would be called a “crime spree” and would result in $1000s of helmet fines in most states
Don't start with the backward arse country stuff. You were happy enough with the simplicity when it was a quarry attached to a slave importing, money laundering machine that made your objectively $300k house in Randwick go for $3 million.
No, it’s suddenly (print) then gradually (tighten) This is how you avoid depression It’s time the Central bank denialists reevaluated. Cb good for society. Bitcoin good for selfish wankers
No, it’s suddenly (print) then gradually (tighten) This is how you avoid depression It’s time the Central bank denialists reevaluated. Cb good for society. Bitcoin good for selfish wankers
what about a joyce to parliament, albo loves alan so much why don't we put that little fella in the constitution, give him something to do in his dotage
Seriously how much crap is corporate Australia going to get away with before meaningful action is taken: - financial services Royal Commission - aged care Royal Commission - wage theft - casino money laundering - consulting treason etc & now Qantas No one goes to jail, all that…
Rents fall after a new apartment build, up to a few hundred metres away There are effects across the city, not just the "rich people moving into a ugly new building" Housing supply denialism is blatently wrong, unintelligent, and harmful. It punches down on poor people
I never lined up for it - but god gave me an amazing propensity to consume alcohol . Even in my state now I could write a coherent doctorate thesis on dip buying freaks . Serious talk 💋
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Imagine being $300K+ in debt, with a felony record, and no diploma because TikTok said it's cool to hate Jews.
A bus load of arrested protesters at Columbia being taken away:
The Australian Dream is more important than Big Super’s distributions to unions and banks.
The Reserve Bank says those who withdrew $20,000 during COVID lost about $120,000 in retirement savings, and Liberal Senator @ajamesbragg tells us if withdrawing from super to buy a house is short-sighted.
A student at Columbia University just demanded "basic humanitarian aid". Let me tell you a story. After the unrest in Egypt on January 25th, shops closed and a curfew was imposed. After a couple of weeks,a reality kicked in. We had to pay more than 10 times for basic supplies…
Reporter grills Columbia student after she demands the university help feed protestors occupying Hamilton Hall: "It seems like you're saying, 'we want to be revolutionaries, we want to take over this building, now would you please bring us some food'."
For $625 in cleveland you can play the final 7 minutes of the 4th quarter for the Cavs
Cheapest single ticket to Knicks-76ers tonight at MSG? $625 all in at @TickPick. Here’s your view…
Respect to Maxey…but damn…I’m clearly getting too old for this shit…
Argument 1 - It's illegal. Factcheck - Marriage equality used to be illegal too but we changed the law because it was a stupid, unjust law. The government could easily change the law. Ask them to via this petition- act.weplanet.org/overturn-austr…
So tired of this big time moment merchant Jamal Murray
you'll be surprised to know (not really) it appears real estate isn't part of this
`Treasurer Jim Chalmers commits to sweeping overhaul of Australia's foreign investment system in the name of national security' abc.net.au/news/2024-04-3…
I just realized that Book ran in after the buzzer to take the game ball after scoring 49 pts in an elimination game loss. This was after he tried to sneak 50 with the game out of reach, but Ant swatted his shit. Dude is soooooooooo corny 😂😂😂
To quote the one and only Bruce Willis…..”welcome to the party pal….”
Rabobank has today revised our forecast on the @RBAInfo cash rate. We now project 2x 25bps rate hikes in Aug and Nov this year. We no longer expect any cuts in 2024 or 2025. Removal of cuts is informed by our house view that Trump wins election and enacts inflationary tariffs.
Between clowns like this and the bogus Trump show trial that CNN covers 24/7 like it was the Lindbergh kidnapping, I’ll be stunned if Trump’s not ahead by 10 points nationwide by mid-May.
Reporter grills Columbia student after she demands the university help feed protestors occupying Hamilton Hall: "It seems like you're saying, 'we want to be revolutionaries, we want to take over this building, now would you please bring us some food'."
seppos invented the espresso
Oh here it is: Starbucks developing a zero to low calorie energy beverage. $SBUX
Charles Oakley says Joel Embiid is too big to be crying “If you’re hurt, stay home and watch it on TV like everybody else is doing. I don’t want hear this... He’s too big to be crying. I’m sorry I said about two years ago, he could be the next Wilt Chamberlain. I don’t know. He…
Look at this over-engineered intersection and tell me that the easiest path to increasing safety is more tech on vehicles. And all this effort is projected to save just 360 lives per year. What? Had enough of this? A @StrongTowns approach costs less, creates better places, and…
We have a crisis of roadway deaths in this country—and today we’re taking a major step toward addressing this with our new rule on automatic emergency braking.
If you don’t see that we are in an embedded wage-price inflationary environment, you’re just not paying attention.
Dutton is set to follow the path taken by Canadian Conservative Opposition Leader Pierre Poilievre by linking migration to housing completions. I hope the LNP actually does the math to account for empty homes and actual net additions to housing stock.
This is the first evidence based policy I’ve seen from the liberals in a very long time. Build more homes than the population increase. Not rocket science @AvidCommentator @TMFScottP
You’re all having a good laugh, and you got a point, but the real red pill is that slot control is the biggest rort you’ve never heard of and it killed bonza like it killed every other one And that’s why your return flight Mel-Syd costs a grand
How is no idea @TheKouk going ? RBA raising rates again . Imagine that . Being so fcking wrong .
@KnicksClicksNYK @Moneyball232 Puts his money where his mouth is lol
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