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2025 can get better: How's about.... Collingwood minor premiers Collingwood premiers Nick Daicos Browlow Jamie Elliott Coleman #GoPies Collingwood FC

The slower the RBA is to cut rates, the bigger the pile-up of economic problems later. ~ Stephen Koukoulas Stephen Koukoulas The Reserve Bank's latest interest rate cut is too little, too late independentaustralia.net/politics/polit… via @IndependentAus

Agree with Peter. Other than stamp duty & complexity, Shane is wrong on everything else. Does he advocate the US or Korean income tax structure? Tax scales are effectively indexed every election cycle. Look at tax scales now compared to 10 or 20 years ago. I could go on

Australia's income tax scales a disincentive to work? Hhhmmm...

April monthly inflation confirmed what all good economists have known for some time – inflation is low, stable & at risk of breaking below the mid-point of the 2 to 3% target band. As the RBA’s focus turns to jobs & growth more rate cuts are needed. Soon. youtube.com/watch?v=Yz25hF…

If so, and it looks a good call, the RBA is around 50-75bs behind where it should be. Alas no meeting till July. x.com/Scutty/status/…

ICYMI Headline inflation has been on target for 9 straight months; trimmed mean now for 5 straight months. Current 3.85% cash rate is obviously obsolete - RBA is 75bps behind in setting rates where rates should be.

Trade policy update.

The Productivity Commission report today was not all that helpful. Here's one reason why. My take on productivity independentaustralia.net/politics/polit…

Business investment is dead flat - it's the next bit of problematic news. Capex fell 0.1% in the March qtr to be 0.5% down on a year ago. Expected Capex for FY2025-26 is basically flat (non-mining is down a bit) which is troubling or should be for the RBA. youtube.com/watch?v=PPEk3L…

Mosman Protester Throws Glass of ’94 Penfolds Grange on Famous Artwork to Raise Awareness About Superannuation Changes theshovel.com.au/2023/03/02/mos…

ICYMI And yes, I did say Capex goes Crapex... But it was not a great number

More minus signs on economic data. RBA must be worried. Building approvals -13% in last 2 mths. Retail trade fell in April. RBA needs to cut 50bps in July. It is now well behind where it should be - monetary policy is still restrictive, how dumb is that? youtube.com/watch?v=0yriNO…

Australia's greenhouse gas emissions: Halved per-capita this century. #auspol #ausbiz #ausecon

In retirement, superannuants are required to drawdown their investment assets to fund retirement. For those with a farm, this has to imply they sell it off it bits & bobs from 65 yrs old till death. Otherwise, how do they find the cash to drawn down? industrysuper.com/retirement-inf…

House Prices edge up in May as supply & demand continue to hold the fort The Cotality series rose 0.5% in May, locking in a mildly positive tone. House prices are up just 1.7% in the last 5 months. Unemployment will determine whether this uptick continues. youtube.com/watch?v=6FukQ7…

Demand for labour is slip-slidin' away. RBA needs to get a wriggle on

ICYMI. House prices edge up in May.

Having defence spending set at % of GDP is mind numbingly silly. Surely it’s best to spend the appropriate amount whatever that %age is.

The RBA considered a 50bp cut in May. Alas, it chickened out. Unfortunately the monetary policy python squeeze is in play for longer.