The Albanese government has signalled that it will scale back the capital gains tax (CGT) discount in the May budget, most likely from 50% to 33% or 25%. It has also signalled that it will limit the number of investment properties that an individual can negatively gear. However, Greens senator Nick McKim says the 50%
Even the missteps of the American Madman can have a positive aspect. China still relies less on foreign energy sources than most large nations, but it has vulnerabilities worth exposing from time to time. This degree of dependence is far lower than that of major European industrial nations like Germany, Italy, and Spain, as well
The Australian Bureau of Statistics (ABS) released national accounts data for the December quarter, which printed headline real GDP growth of 0.8% over the quarter and 2.6% year-on-year. The result beat expectations of 2.2% growth. Thanks to backward revisions, per capita GDP has now grown for four consecutive quarters, rising by 0.9% in 2025, the
Charts from TME. Like acne. AI bubbles are bursting everywhere. An oil shock is almost uniquely well-placed to smash tech because it causes a spike in duration, which hammers growth stocks on long-term ROE horizons. We already know that the Sag7 are kaput. Do you like your KOSPI served crispy? Who’s next? The cause is,
The latest quarterly dwelling completions data from the Australian Bureau of Statistics (ABS) showed that over the first 15 months of the National Housing Accord, 81,000 (27%) fewer homes were constructed than required to meet the government’s target of building 1.2 million homes over five years, commencing July 1, 2024: Out of the major markets,
Australian growth will be okay today, by all accounts. Forecasters have the December quarter coming in at 0.7-1.1% supported, largely, by, you guessed it, Albo’s rampant spending. Despite a significant decline in public infrastructure work (-3.8% qtr), public investment increased 0.9% qtr in Q4. Strength was centred at the federal level, where federal public corporations’
Two weeks ago, I flew to Sydney to record an SBS Insight special examining the immigration debate in Australia. The scissor reel below showcases my three appearances on the episode: SBS did a competent job presenting my arguments with minimal editing. But, as with all such shows, I would have said more if I could.
Asian LNG prices are rising at 20% per day and hit $22.50 overnight. Locally, gas prices are falling, apparently owing to unusually weak NEM demand. The fuel mix suggests weak demand owing to good weather and even weaker gas usage. This is great timing, but Australia’s worst minister, the Mad King, is already encouraging the
DXY is a one-armed bricklayer in Tehran. To the moon! North Asia has buckled. AUD crashed overnight, then recovered about half as local fundies scramble for Sag7 hedges. Oil pumped and dumped, forgetting that the quickest way to end this war is to deliver an energy shock to the Trump TACO. Gold printed a terrifying
In this world, there are a few things that are truly certain: death, taxes, and the fact that the sun rises in the East and sets in the West. But in Australia, there is one thing that can be added to that ancient list: claims that the big banks are gouging their customers, particularly when