Andy Billing

[Andy Billing @AB_Beachside]

@NoelWhittaker No more pretense about being guided by 'principles', or that they just "changed our position". This is a specific, premeditated attack.

[Andy Billing @AB_Beachside]

@GeoffWilsonWAM But they have a clear vision.

[Andy Billing @AB_Beachside]

@TwinTurboCe1ica A 'good thing'. Careful what you wish for...

[Andy Billing @AB_Beachside]

@chrisbrycki And because capital will concentrate, with a reduced risk buffer, we can expect downside corrections to become more violent. Not a great prospect at high overall valuations.

[Andy Billing @AB_Beachside]

@AlboMP Ignore the haters, they just don't get the bigger picture.

[Andy Billing @AB_Beachside]

@cjoye Nations that encourage all citizens to become successful capitalists become wealthy. Australia already proved that via Super. To do the opposite, and deliberately impoverish the nation for the benefit of foreign capital, is not sane & destined to fail.

[Andy Billing @AB_Beachside]

@cjoye And you've lost purchasing power anyway, because CPI is the wrong reference rate for asset inflation. It's comparing apples to oranges.

[Andy Billing @AB_Beachside]

@toy59496 @cjoye He's doing it because he wants to be PM. He's entirely a political animal, and no cost is too high to sate his ambition. His existing policies already prove that.

[Andy Billing @AB_Beachside]

@cjoye No household could survive using their model, but they can inflate, print & borrow, which will work for a while, until eventually risk premia proves it was always a craven, flawed strategy which was destined to fail.

[Andy Billing @AB_Beachside]

@cjoye I've seen this type of 'collapse of competence' before, in NZ, and it didn't end well for the government, Labour party, economy or population.

[Andy Billing @AB_Beachside]

@GeoffWilsonWAM The Liar from Logan

[Andy Billing @AB_Beachside]

@GreenTyler27 @cjoye Deficit financing is already sweeping domestic capital into offshore hands. Sustained long enough, it will strip away the nation's capital base. It's an intended consequence.

[Andy Billing @AB_Beachside]

@BobEUnlimited The ultimate 'narrow framing' experiment

[Andy Billing @AB_Beachside]

@cjoye Chris - it will also force investors into what what Taleb would term 'fragile' investments at the expense of 'antifragile' ones. This will, over time, mathematically increase the number of Australians who experience the 1% catastrophic ruin from those 'fragile' bets.

[Andy Billing @AB_Beachside]

@cjoye Wealth taxes create capital flight. Just ask France, Spain, Germany, Sweden Norway, Blue US states & cities. That's the signal, the political justification is the noise.

[Andy Billing @AB_Beachside]

@cjoye Chris, this message needs to be in every paper, not just the AFR.

[Andy Billing @AB_Beachside]

@TimmerFidelity Regress & normalise. The index is quite dispersed from it's long term trend (at least since WWII), so being non-plussed at these levels doesn't seem like a particularly sensible risk-adjusted bet.

[Andy Billing @AB_Beachside]

@spenderallegra Allegra, many asset prices inflate long term as a function of fiat money declining in value, because of its ongoing production. Some outperform, some don't. CGT inhibits the ability of ordinary people to protect themselves from inevitable paper money value decline.

[Andy Billing @AB_Beachside]

@GeoffWilsonWAM @GeoftWilsonWAM @WilsonAssetMgmt Reported it