#RBA that #employmentreport was soft-despite the apparent beat. Most of the jobs created were part time and hrs worked dropped. #RBA if you want a timely data point on how the real economy is going look at $JDO. There will be no more hikes imo.
#tax#election.Shortly after budget ALP was 1.52 rock solid.2 days ago they were 1.60.Look today!This is a BIG move. My optimism has buoyed that some hosing down of the changes is possible now. The Bill will be introduced into Parliament today.
#tech surprised not discussed. The simple work around the tax changes is use your super to invest in growth & everything else in your personal account .In a few years overseas money will exploit the arb &take out quality tech anyway .An industry wiped out.Chalmers well done.
The few people that read me are probably aligned with my thinking that the Budget is an act of self destruction.I fear that more people than I can imagine are happy or don't give a shit.And that Taylor taking the changes as the pillar of his policy(esp NG)will prove a mistake.
Do not under-estimate the ability of the ALP to sell this heinous policy. I have under-estimated them too many times, at my peril.
More than anything I have ever written I hope that I am wrong.
@OnSpeculator@OneNationAus betting for the election has ALP rock solid 1.52. No movement post budget. I know that it is hard to fathom but there are many people that are happy or just don't give a shit. On my feed everyone is on the same page.Hence an echo chamber.I have made this mistake in the past.
CBA market cap down more in 1 day than the entirely this government reckons they'll claw back from the CGT, trust and negative gearing changes in a year
economically ruinous budget
do they not realise the CGT tax revenue is proportional to actual gains
Almost never spruik stocks. But as we are talking #budget check out $GDG and what they do and tell me they are not going to be a big benificiary of the new landscape we are in.