Stunned Ox

Juggling chainsaws in the dark

[Stunned Ox @LoneSaxon]

@drgurner I’d be interested to know what your top 5 recommended read are.

[Dr. Julie Gurner @drgurner]

@RaminNasibov "Man's Search for Meaning."

[Stunned Ox @LoneSaxon]

Pro D2 players embroiled in car park brawl resulting in serious injury https://t.co/c0fnCUYc1w @thepaulwilliams

[Stunned Ox @LoneSaxon]

Let’s just say I won’t be buying one.

[Grok @grok]

**Yes!** That's Sir Jony Ive (Apple design legend behind the iMac, iPhone, etc.) along with Marc Newson from their firm LoveFrom. They collaborated with Ferrari on the Luce's full design language—exterior, interior, and interface. Pretty epic crossover for Ferrari's first EV.

What do you think of the car?

[Stunned Ox @LoneSaxon]

@grok is that Johnny I’ve of Apple Mac fame on the design team

[Trung Phan @TrungTPhan]

Lewis Hamilton and Charles Leclerc driving the Ferrari Luce should have been the entirety of the launch campaign. Am totally convinced now. This $640k EV is gonna sell like hot cakes.

[Stunned Ox @LoneSaxon]

@grok what engines are in these cars?

[Grok @grok]

These Tuksedo Studio replicas from Bali (hand-built aluminum bodies on donor chassis) cost roughly $150k–$335k USD depending on the model—e.g., ~$150k–200k for a Porsche 356 Speedster, up to $300k+ for a Mercedes 300 SL Gullwing. Limited to ~5 cars/year.

Importing completed new replicas to the US is difficult. They aren't DOT/EPA certified for federal safety/emissions standards, so they'd likely need exemptions, major mods, or kit-car treatment in certain states. Trademark issues may also apply. Consult an import specialist or attorney for your situation.

[Stunned Ox @LoneSaxon]

@Corballyred Ekitike made to look better than he is by his underperforming teammates. Darwin is way better than him.

[John O Sullivan @Corballyred]

@martynwarwick It's there, it's a 7/10, pick of the bunch, but needs to do it in the big matches, and needs to be better off the ball as well 👍

[Stunned Ox @LoneSaxon]

World Rugby make decision on chucking Georgia out of the 2027 Rugby World Cup - Ruck https://t.co/xOfb24L0EU,

[Stunned Ox @LoneSaxon]

@grok So just to be clear if you’re income is over $190,000 all capital gains held for any period of time will be taxed at 47%

[Stunned Ox @LoneSaxon]

@grok under the new CGT system at what income level does the tax rate go to 47%

[Mickamious @MickamiousG]

Hey @grok are younger Australians worse off with the latest CGT changes if they invest their money into stock, crypto, ETFs etc?

Be Concise.

[Stunned Ox @LoneSaxon]

@SantiagoAuFund

[UnveiledChina @Unveiled_ChinaX]

China has been telling the world it is abandoning the dollar. The Council on Foreign Relations just published a detailed analysis showing that China may actually hold more dollars off its official books than on them. The de-dollarization story is largely a magic trick.

Here is how it works in plain terms. China's official foreign exchange reserve, managed by an agency called SAFE, used to hold about 79% of its assets in US dollars back in 2005. By 2019, that number had dropped to 55%. That is the number that gets reported. That is the number that generates headlines about China dumping the dollar.

But while China was reducing the dollar share of its official reserves, it quietly stopped growing those official reserves altogether. They have been stuck at roughly $3.3 trillion for eight years. All the new money China accumulated went somewhere else entirely, into the foreign lending of state-owned policy banks like the China Development Bank, into the foreign assets of state commercial banks, and into various state investment funds. None of this is fully disclosed. None of it shows up in the headline de-dollarization numbers.

CFR senior fellow Brad Setser ran the math. China's official reserves hold approximately $1.8 trillion in dollars. But Chinese state commercial banks hold an estimated $1 trillion in dollar assets abroad. The policy banks hold close to another $1 trillion in foreign claims, most denominated in dollars. The China Investment Corporation, the country's sovereign wealth fund, holds roughly $450 billion in foreign assets, the majority in dollars. Add it all up and China's total dollar holdings across all state entities likely exceed $4 trillion, more off the official books than on them.

Every debt restructuring case where China's policy banks were involved, Zambia, Sri Lanka, Ecuador, Angola, involved dollar-denominated loans. Not yuan. Not euros. Dollars.

The de-dollarization narrative serves a specific purpose for Beijing. It signals geopolitical independence from the US financial system, which is valuable messaging for domestic audiences and Global South partners. But the actual financial behavior of Chinese state entities tells a different story. China's banks are still borrowing and lending predominantly in dollars. China's investment funds are still holding predominantly dollar assets. The label changed. The exposure did not.

China is telling the world it is exiting the dollar while quietly holding more of it than ever. That is not de-dollarization but a very well-executed press release.

#China #CCP #Dollar #DeDollarization #Geopolitics #Finance #CFR #Economy #GlobalFinance #SAFE

[Stunned Ox @LoneSaxon]

Interest rates: RBA raises rates to 4.35 per cent amid inflation concerns and Middle East war risks https://t.co/oUnnG1jZ4D

[Stunned Ox @LoneSaxon]

https://t.co/yLGdczLRa4

[Stunned Ox @LoneSaxon]

Jakarta’s cooling attitude towards coal exports came in the same week that war in the Middle East triggered a 16-month high in prices for top-quality NSW thermal coal.

The commodity was fetching $US135.14 a tonne on March 13, up 17 per cent in two weeks and 44 per cent higher than in April 2025.

[Stunned Ox @LoneSaxon]

https://t.co/T7B7drqulS

[Stunned Ox @LoneSaxon]

About 43 per cent of Taiwan’s electricity was produced by burning gas in 2024 according to the US Energy Information Administration, with coal providing about 39 per cent.

[Stunned Ox @LoneSaxon]

Yuan payments soar as currency of last resort for Iran, Russia - Nikkei Asia https://t.co/7Ll7PEBfHF

[Stunned Ox @LoneSaxon]

The government also needs to create tax incentives for entrepreneurs and innovators and entities that invest in them. These sectors are being throttled by government overspending and over reliance on the property market. This is the only way to improve productivity which currently lags Europe.

[Shane Oliver @ShaneOliverAMP]

Aust Govt is right to address intergen equity. The top 3 ways to do this though are:
1/ cut gov spending & deregulate to take pressure off inflation
2/ raise the GST & slash income tax
3/ get the housing balance right - lower immigration and make it easier to supply more homes

[Stunned Ox @LoneSaxon]

@grok How come the straw and plastic lid are still intact?

[Stunned Ox @LoneSaxon]

@grok did Stanley replace her car?

[Massimo @Rainmaker1973]

A woman posted a video of her burned-out car, showing her Stanley thermos still intact with ice inside.

The clip went viral as an unintended ad, and the company offered to replace her car.