Scott Phillips

Investor. Business person. CIO @themotleyfoolau. Director @cityrecitalhall

I wrote a book! The One Page Investing Plan. Link below.

Opinions mine.

[Scott Phillips @TMFScottP]

Tweeting about a range of stuff - and not following an arbitrary 'party line' on anything - means I end up with followers who might be disappointed that I'm not a cheerleader for 'their team' (regardless of the topic).

So, thanks for following, but consider yourselves warned :)

[Scott Phillips @TMFScottP]

@rexsharkasaurus Then there you go.

[Scott Phillips @TMFScottP]

@SustainableDanG @ChrisEconomist But also, here's the thing: What did we actually get for that money?

Some improvements, no doubt. But also inflation at 4.3% (and close enough to 25% aggregate over the past 5 years).

That's a very serious and real impact on our lowest-income earners.

[Scott Phillips @TMFScottP]

Well, the temperature in the Cabinet room just went up a few degrees.

I have no special information, but I'll bet you today's lunch money that Chalmers' office backgrounded this.

But also, economically, @ChrisEconomist is dead right about the waste - and the wasted opportunity

[Scott Phillips @TMFScottP]

@SustainableDanG @ChrisEconomist Are you really suggesting people shouldn't air their views on Twitter, given that's what you just did, yourself? :)

[Scott Phillips @TMFScottP]

Speaking of PT...

... I can't tell if this is peak Sydney or just peak SMH, but a *live blog* of a railway line opening is... something.

[Scott Phillips @TMFScottP]

@phil_muscatello Ha!

[Scott Phillips @TMFScottP]

Two public transport thoughts:

1. For those in Sydney, Macarthur station is PT done right. Easy access on and off the platform, and right next to the shopping centre.

2. "The train 'ends' here". Are we seriously not capable of understanding the old 'terminates'?

[Scott Phillips @TMFScottP]

@Bondiward We can, yes.

But if the government won't, the RBA has no choice.

[Scott Phillips @TMFScottP]

Inflation has risen again, according to today’s ABS figures.

Headline inflation reached 4.3% over the year to September, up from 4.0%. The monthly-series trimmed mean was 3.6%, up from a revised 3.5% in August.

1/4

[Scott Phillips @TMFScottP]

@Bondiward Doesn't *fan* it, no. There are winners and losers from higher rates, but they reduce aggregate demand.

I don't know what else to tell you.

[Scott Phillips @TMFScottP]

This morning, make yourself a cuppa in memory of Sir Patrick Stewart.

Tea. Earl Grey. Hot.

Vale.

[Scott Phillips @TMFScottP]

@russellwadey @1RossGittins Yep.

Because that's the trade-off.

We live in a world of least-worst outcomes. There is no magic solution, unfortunately.

I wish there was.

[Scott Phillips @TMFScottP]

Some truth-bombs from @1RossGittins on the government's role dealing with inflation.

(And for those who dismiss Gittins as pro-Labor, a reminder that he's not.)

[Scott Phillips @TMFScottP]

@woolloomoolo0 Love it!

[Scott Phillips @TMFScottP]

Random Australiana tip:

If you can't remember how to spell Woolloomooloo, think 'sheep, toilet, cow, toilet'

You're welcome.

[Scott Phillips @TMFScottP]

@russellwadey @1RossGittins Not sure of your point, sorry mate.

[Scott Phillips @TMFScottP]

@russellwadey @1RossGittins Yes.

[Scott Phillips @TMFScottP]

@dgcpol @BruceJHenderson @DaVinciCapital @1RossGittins There's no other 'what' than that the level of government spending isn't relevant to inflation.

Changes, yes.

Level, no.

[Scott Phillips @TMFScottP]

@BruceJHenderson @DaVinciCapital @1RossGittins I don't know how much clearer I can be.

[Scott Phillips @TMFScottP]

@BruceJHenderson @DaVinciCapital @1RossGittins Changes in government spending can impact inflation.

The level of government spending doesn't impact inflation.

[Scott Phillips @TMFScottP]

@insydney Thanks mate!

[Scott Phillips @TMFScottP]

If you're interested, I've just made today's inflation data live at The Economic Picture.

You can explore basket weights and contributions, see inflation over time, and lots more!

https://t.co/tLijfUDcEo

[Scott Phillips @TMFScottP]

@dgcpol @BruceJHenderson @DaVinciCapital @1RossGittins No.