Erik

[FinancialJuice @financialjuice]

RBA Governor Bullock: inflation likely to rise further in near term

[Erik @erikbebeh]

@GhostOfFrederic @AvidCommentator All the jobs and industry... Or something 🤔🙄

[Erik @erikbebeh]

@matt_barrie @samstrades Net zero energy policies saying otherwise. 😂

[Erik @erikbebeh]

@Larryjamieson_ @AntipodeanMacro When people say it's too far gone to fix.

[Antipodean Macro @AntipodeanMacro]

Holy moly. 80% illegal for tobacco.

[Erik @erikbebeh]

@theAZtrader Happens heaps when companies/organisations have mandated spends. Seen lots in mining that are just resellers of good +15% on for the privilege.

[Erik @erikbebeh]

@parrapower2022 First step on the ladder m8 🙄

[Erik @erikbebeh]

@difficultnerd Was only a matter of time. Whether this is 'too late' is tbc.

[Erik @erikbebeh]

@Larryjamieson_ @Lola_lmao7 Those fully franked divvy stocks held from ipo paying for our lifestyles 🤑

[Erik @erikbebeh]

@PinguCapital To a degree, once it reaches that point changes in household formation occur to compensate. Ie moving back in with parents, renting out spare room. It's all driven by vacancy rates.

[Erik @erikbebeh]

@bowtiedstocks Has Queenstown come down? Figured it's probably propped up with investors from the rich overseas ski crowd a bit?

[Erik @erikbebeh]

@AvidCommentator Honestly NG doesn't matter when we have negative population growth it's literally a side piece to the the main issue, supply:demand. Once that's sorted housing will cease to be such a great investment.

[Econo ad absurdam @econoadabsurdam]

Nothing more radicalising than chatting with some 20 something Dutch barista with perfect English and a post grad degree explain that the immigration rules won’t let them stay in Aus/NZ

[KKGB @INArteCarloDoss]

We live on a fucking dystopian totalitarian oppressive anti free speech ani freedom continent.

Europe can claim to be many things but it will still amount to nothing more than an open air fucking gulag.

The level of restrictions and regulations is just fucking absurd.

[Erik @erikbebeh]

@SamKSS All they had to do was remove NG on investment properties, reduce immi, then just dig dig, drill drill.

[Robin Dods @toy59496]

The CGT Changes: CHALMAGEDDON

I thought I would provide some numbers just so you can see how completely screwed you are with the new changes.

Chalmernomics would like you to believe that there are many circumstances where you are better off with the new inflation corrected arrangement.

In actual fact the key algebra is simple: indexation wins only when the inflation component is more than half of the nominal capital gain.

I want you to think about that for a second...

So you only win if they have rampant inflation or if your growth sucks. Obviously only an idiot would wish that upon you.

If you want real prosperity your inflation needs to be low and your growth needs to be high.

The other sneaky part about this is that the wins vs losses are asymmetric. This is best seen on the images I've produced below...

You can see that if you actually get decent growth with low inflation, which we've mostly had until recent times, you are massively worse off, effectively dropping off a cliff face, whereas if you get horrible low growth and high inflation you are a tiny bit better off.

These people are not to be trusted.

[Erik @erikbebeh]

@LouiChristopher Pretty obvious a land tax is coming to fill the gap. High value, low liquidity, expensive to transact assets just painting a target on their back.

[Erik @erikbebeh]

@AvidCommentator It's the consequence of the negative externalities of federal policy being shouldered by the states. Was only a matter of time
politicians only have their own back.

[Erik @erikbebeh]

@NormanClifford_ @SpachusAus @matt_barrie At vacancy rates <1%, as you said rent will continue go up. Housing formation will change as a result to compensate affordability if people are at/near limits already.