AUD denominated

@DanilAntonov Figure out the three basics, which is valid for almost every commodity. 1/ Financial flow (change of open interest, volume at price, commitment of traders) 2/ Physical flow (change of inventories at exchange) 3/ Production vs consumption and their relative elasticities

@Bontai @AvidCommentator The "low" ranking for Aus refers to past 12 months which Aus is very low (1-2% for women, per ABS and WHO-aligned data). Lifetime rates are always much higher everywhere because they accumulate experiences over decades. Aus much lower than 3rd world countries listed in that chart

Australia's domestic violence rates are significant, with recent data (2021-22) showing 1 in 4 women (27%) and 1 in 8 men (12%) experienced violence from an intimate partner or family member since age 15, with women facing higher rates of physical/sexual abuse and emotional/economic abuse. Stop writing bullshit narrative!

Some angry people in my mentions after I suggested we need to screen migrants for basic foundational Australian values, like respect for women for instance. Gods honest truth, I dont really understand the opposition from the progressive side of politics.

🍷

@the_chart_life There was also one I remember about the components of a fighter jet. If anyone has that could they please post? 🙏

love these types of graphics. there used to be a good one on residential housing that got passed around a bit.

@unraveaero @GrayConnolly To clarify, 'people like you' = lets put 20 storey skyscrapers everywhere even the nice village spots. 'People like you' =/= Indian - one of my best friends and business partners is an Indian PR who loves Sydney and would agree that skyscrapers everywhere is dumb!

@unraveaero @GrayConnolly Thats the reason this area is desirable... because it is locked down from hoards of people like you. Go away and leave us alone.

I grew up in part in the eastern suburbs ("where residents meet their neighbours through their lawyers") and while young me would welcome the zombie Woollahra station revival ... the 10,000 homes there will destroy genuine Sydney heritage via envious YIMBY vandalism.

@JosephNWalker Lower taxes, cheaper housing, and lighter rules = growth. High earners + retirees especially responsive. If taxes were 15% lower in Tasmania then Hobart and Launceston would pump!

@JosephNWalker If there was some form of taxation or legislative benefit to relocating to a smaller Aus state or city that could work. Big driver of US interstate migration: tax + laws. People leave high-tax, high-reg states (CA, NY) for no-state tax, business-friendly states (TX, FL, TN).

The time has come to break the Sydney-Melbourne duopoly. I think a large part of what makes the UK, for example, so pathologically broken is that they have all their eggs in the London basket. We’re only one city away from that. Where are Australia’s Austins and Phoenixes? Why aren't we scaling more cities to +1 million, or building new ones altogether? This question has come up in a couple of my podcast chats. A couple of years ago, Ken Henry revealed to me that Treasury had once looked into it. And last week, when I asked Greg Kaplan (@GregWKaplan) and Michael Brennan (former Australian Productivity Commissioner) for the most ambitious idea they've encountered for raising Australian productivity, it came up again:

Youtube comments from time to time can be a goldmine of interesting stories and anecdotes

@Qldstew @IFM_Economist Fair point 👍 thought you were skeptic of any of them being manufactures. CSL probably the most 'traditional' manufacturer.. All of them manufacture to a degree. Banks manufacture deposits and wholesale debt into loans... they still manage inventory (undrawn lines), yield etc...

@aud_denominated @IFM_Economist Dismissing rio And bhp as purely miners… and Wesfarmers is my point! They aren’t!

@IFM_Economist Which one do you believe “makes something”? Rio makes aluminium BHP also, and nickel Wesfarmers makes (a little) fertilizer, but is really a retailer: Bunnings, Kmart, office works So who is the manufacturer?

Perennial Partners

People have a hard time realising that all taxes are arbitrary. They like to have their favourite ones that they believe are justified because the government provides some service or utility. Government taxes us because it can, they will try to find the most palatable way to extract the largest amount. People have a broad idea that, because they pay income taxes on wealth they accumulate to retire with, they should not be taxed on the proceeds of that wealth in retirement. Taxation in general diminish the incentive to work hard and get ahead.

@gerardgholland If you can name it and it’s high probability… it’s not a black swan…

3/ High probability of one of / all of the following black Swan events in the next 3 years - global recession, Taiwan invasion, credit rating downgrade, energy prices will continue to spiral, possible blackouts and collapse event, another 2 million migrants, nation- wide treaty process The country (and the world) will be unrecognisable in 3 years time

1/ A few quick thoughts on last night's results; This will be the worst result in the party's history - this is existential for the libs The nats should have held the right but bled to minor parties- especially in the senate. PHON could win up to 7 senate seats- the nats only have 5

@clkleinmonaco Platinum could be a nice option too 😀

The data clearly shows there is barely any retail participation in gold and gold related stox (ie 1% of portfolios and that’s mainly Chinese retail) but now buying gold for the small investor means to outlay a shit load of money. What PM can they buy instead then 😉.

@fabiodeuxbeer @dannolan I’d vote for that

Chemist warehouse should sell beer on tap

@Chad_WestReal @craigkellyXXX Alcohol tax in Aus is 3rd highest in the world and is indexed to inflation which increases twice per year. All whilst income taxes are not indexed and suffer from bracket creep. Alcohol tax as a % or your after tax income is insanely high compared to other countries.

@craigkellyXXX This can't possibly be true...

HOW MUCH TAX IS PAID ON A SLAB OF VB ? (And could someone please check my maths as this seems ridiculous) $59.00 retail $53.64 (excluding GST) 💰$5.36 GST *Beer Excise $61.57 per litre of alcohol 30 cans x 375ml = 11.25 litres of beer 11.25 litres x 4.9% alcohol = 0.551 litres alcohol 0.551 x $61.57 excise =💰 $33.90 💰Total tax $5.36 GST + $33.90 excise = $39.26 Tax $39.26/$59.00 = 66.5% tax But it’s worse than that. You can only buy beer with after tax income. So if your marginal tax rate is 30% on income between $40K up to $135K) You have to earn $85 (and pay $25.50)in income tax to be left with $59 to buy the slab of beer. So in buying the slab, you need to earn $85, and you pay $25.50 in income tax, then you pay $33.90 in excise, and then $5.36 in GST. So in total you‘ve paid $64.74 in tax to enjoy your $59 slab of beer. So of the $85 you had to earn to buy the slab 76% ($64.74) goes in tax to the Federal government. But it’s still worse …. As of the total price of the slab, that leaves just $19.74 for the farmer, the brewer, the aluminium can maker, the transport company, the cardboard box maker and the retailer - and all the taxes they pay. Australia desperately needs a DOGE to eliminate waste and fraud so government spending can be cut, and that money returned to the Australian taxpayer. 🟡It’s time to vote Libertarian. *Excise rates ato.gov.au/businesses-and…

@keithandradeone @jaredpalmer Construction is more constrained by the bounds of the physical world. Software not as much so.

@aud_denominated @jaredpalmer Why not engineering? Isn’t construction and engineers just two different tech ages of the same kind of work? After all they are both builders.

I have come to believe that there are actually only ~5000 truly elite software engineers in the world and they do the vast majority of the work

@keithandradeone @jaredpalmer No - Price's Law models systems with intense outcome inequality (e.g., cutting-edge tech or research). Pareto Principle models systems with large but more moderately unequal distributions, more applicable to everyday traditional business e.g. construction.

@jaredpalmer Matches the 80:20 rule.

@PeterLBrandt 2.5% Could definitely go more for a super high conviction position. Maybe 1-2 times per year…

Please answer this question: If you have a $1,000,000 trading account, what's the maximum you are willing to lose on your next trade? I'll be interested in the avg answer by Verified vs Troll respondents. I will provide my answer tomorrow.