Tony Ballard

Fried chicken is my weakness.

[Tarric Brooker aka Avid Commentator 🇦🇺 @AvidCommentator]

I call this piece of art from the Albanese government:

'F*** The Renters'

[Cameron Kusher @cmkusher]

I remember at the start of the 2020s everyone was saying we're set for another roaring 20s, instead we're getting the worst per capita GDP growth since the 1910s.

https://t.co/CHBGwFqMoj

[David Taylor @DaveTaylorNews]

Bond market now pricing in an August RBA rate hike

[Simon Kuestenmacher @simongerman600]

Nine tongue in cheek ways to divide #Australia

[Antipodean Macro @AntipodeanMacro]

Only Perth to go now...

[Compounding Capital @Ausproperty95]

Australia is full of distortions.

Massive alcohol taxes, increasing each year.

BUT wine? No problem, drink away, please take some more

[Cameron Kusher @cmkusher]

Not sure where this chart came from but what it shows is stark.

Real GDP has gone nowhere for 20 years.

Nothing the current government has done is set to change that either.

And people wonder why voters are fed-up with the Coalition and Labor and seeking alternatives.

It seems that more people view that any alternative is better than what we keep getting from our politicians.

[Adam Creighton @Adam_Creighton]

Australians suffer the sharpest decline in living standards in OECD and real wages expected to fall even further.
Almost entirely due to utterly pathetic government for the past decade.
https://t.co/cpdc6IfgmR

[Shane Oliver @ShaneOliverAMP]

This is a continuation of the cost of living crisis of the last 6 yrs. Since 2021 prices are +25% but wages +19%=>real wages -6%. At its core is poor productivity grth but we r yet to see serious measures to get it moving, despite the Reform Roundtable

https://t.co/eGPxPCN8fp

[Marko Matvikov @MarkoMatvikov]

Financial expert puts it plainly:

“We’re probably in a hard time here in Australia.

When you look at our real GDP, it’s minimal, I think it was 0.3% last quarter.

And from a per capita basis, we are in recession.

So what is propping our economy up currently is immigration.”

This has been going on for years - immigration without productivity growth drives prices up and living standards down.

This is the only type of economic growth this government knows - the type that makes life worse for the people already here.

[The Grade Cricketer @gradecricketer]

An understated send off for Stokesy

[Tony Ballard @tballard87]

@crowdiegal It says 7:30pm announcement on the stream

[Kit Lowe @kit_lowe]

Australian trimmed mean CPI edged higher to 3.6%, 1.1% above the mid point target and 0.6% above the top of the band. The market is mainly focused on this week's Labour force number particularly the unemployment rate. Headline fell from 4.2% to 4% as transport costs fell helped by lower oil prices and the excise cut which will be extended by 50% to the end of July. Market at ~ 36% for an August #RBA hike with December at 67% odds for a hike. #auspol

[Matt Smethurst @MattSmethurst]

40% of fatherhood is walking around the house, turning off lights.

[kanav @kanavtwt]

Day 1 of vibecoding

[once and future wife geist @wife_geist]

theyll never be able to afford a nest

[Kit Lowe @kit_lowe]

Labor will expand an existing capital gains tax concession for small businesses and introduce a new concession for startups.
The 50 per cent active asset reduction will be extended to all businesses with a turnover up to $10 million per year, up from the existing threshold of $2 million.
A potential 30 per cent minimum tax on discretionary testamentary trusts will be scrapped, and the government will consult on the interaction of capital gains tax reforms and incentives for investment in early-stage and start-up businesses. #auspol

[Davey @TheRealDavey2]

Under Labor's new capital gains tax, if you're on the top tax rate, have a 6% mortgage and 2.5% inflation, you need to earn 9.1% investing - no small feat - just to break even with putting your money in a mortgage offset account. That's before you are compensated one cent for the risk you took, the double taxation, the time and effort.

Say you want to make at least 3% after tax above putting money in your offset account. A modest benefit. You would need to make 14.76% in the market. Do that consistently and you would be ranked amongst the greatest investors of all time. That's right - Labor's hurdle for investing as an Australian is you need to be amongst the greatest investors of all time. So if you're John Templeton or Walter Schloss, no worries.

[Joe Weisenthal @TheStalwart]

Every cycle people rediscover that liquidity matters and act like they found the Dead Sea Scrolls

[ThinkingOutLoud @AusThinkingGirl]

Be a shame if this kept getting shared.