Erik retweetledi
Erik
3.4K posts
@Larryjamieson_ The rug pull will be extraordinary once their voting block no longer holds sway.
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Younger boomers, who are seemingly the most intransigent on intergenerational transfers, have been psyoped by older boomers.
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A meta game is being played out between older + younger boomers. The older ones will die first. They are grasping for as much of the economic pie while they are electorally relevant. When the older ones are gone, the music stops. Pic explains the intra-boomer game theory:
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Erik retweetledi
Erik retweetledi
Erik retweetledi
Dear boomers, can you afford to buy the house you live in currently with the wage you used to earn before you retired? If you can’t, then that’s the whole housing problem in a nutshell. It really is that simple to understand.
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Erik retweetledi
To many EU politicians, an energy crisis is addressed by charging energy companies windfall taxes because “the burden has to be distributed fairly.”
Hard to put into words how much I despise the problem-solving incapacity of all these virtue-signaling socialist liars, their henchmen and, worst of all, their lazy and naive voter base.
Maria Tadeo@mariatad
Five countries including Germany, Italy and Spain call for a common solution to the energy crisis - a month ago they spoke of shock, now it’s crisis - starting with the introduction of an EU windfall tax on energy companies, citing market distortions and tight national fiscal space. In other words, new revenue is needed to finance relief measures. And a sign this is deeper than initially suggested.
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Erik retweetledi
So much of the bad hoom discourse is just people stressing one causal factor. Hooms in Australia are special because they have EVERY causal factor acting in concert:
> APRA lending standards
> widespread mortgage fraud
> daisy chaining equity from other hooms
> non economic bid from Asian expats (no KYC)
> structurally increasing replacement cost inflation (labour absorbed by infrastructure projects)
> structurally increasing taxes as a percentage of new build cost (more than 50%)
> unfettered immigration (except if you’re a skilled labourer)
> FHB grants and 2% down government guaranteed mortgages
> owner occupied tax exemptions
> hooms are sold at AUCTION (hot house bidding environment)
> nimby planning authorities (less of a problem now)
> govt demand side stimmy to any perceived down turn
> govt willing to erode purchasing power of the currency measured in usd by teens percentage per year to defend hoom prices
> psycho social imperative to own hoom (no action from your partner without hoom)
> I could go on
Buyback Capital@Larryjamieson_
My new favourite midwit twitter take is that Australian propadee is going to "collapse" You guys have no clue
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Erik retweetledi
Australia was handed one of the greatest starting positions of any country in history
Massive mineral wealth. Abundant energy. World-class beaches. Amazing climate. No fault lines... no earthquakes or tsunamis
If you gave a 12-year-old this setup in a civilisation-building game, they'd build a paradise
Instead, we got decades of useless politicians on both sides of the aisle who couldn't run a sausage sizzle at Bunnings without a $4 billion feasibility study and a royal commission
Australia isn't unlucky. It's grossly mismanaged
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@bowtiedstocks Ultimate cut soon when you can't buy it any more. So many savings 🤑
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So we’re cutting the cost of fuel just before we bring in fuel restrictions
GIF
Anthony Albanese@AlboMP
JUST ANNOUNCED: Another cut in the fuel tax to save you a total 32c a litre.
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Erik retweetledi
Just a handful of countries a week ago that were “subsidising” fuel demand… now look at it.. can’t print energy.. DYOR
Respeculator@respeculator
The list of countries “subsidising” fuel demand via removing taxes is growing… will only accelerate a physical shortage..
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@AvidCommentator 'in the coming months', however in the interim Mad Max
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If it looks safe, then share the underlying facts and figures with the data so they can feel reassured about the situation.
Have a whole website showing the tanker schedule of shipments they know for certain are coming.
First Squawk@FirstSquawk
AUSTRALIA'S PM ALBANESE STATES THAT THE COUNTRY'S FUEL SUPPLY LOOKS SAFE IN THE COMING MONTHS.
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Conservative people hate the new Harry Potter because they made Snape black to pander to the woke but the woke hate Harry Potter categorically because JK made comments about trans people so they managed to piss off everyone but everyone will watch it anyways and it will be a hit.
GIF
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@BurggrabenH So entirely predictable with the current governing class. All so tiresome.
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Told you last week Australia looks vulnerable.
Australia imports 950kbpd out of 1.1mbpd of refined products it consumes. That’s an absurd dependency and speaks to its many failed energy policies.
Most of those refined imports come from Japan and South Korea. Both, in turn, rely heavily on Middle Eastern crude, roughly 90% for Japan and 70% for South Korea.
So if flows are disrupted, exports get cut first to protect domestic supply. Australia is downstream of that decision.
Russian Market@runews
Australia.. Europe is next.
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Erik retweetledi
The other anecdote I have is that everyone I know that doesn’t have any sort of social media doesn’t even know a fucking war is happening. And 20% of oil production.. “oh is that all”… “I thought they were more”.. every retard is about to work out you can’t print energy..
Respeculator@respeculator
All I had read for the past few weeks is how Trump is either gona win or Taco and oil prices are gona tank… yet all the reputable oil gurus (I get the conflict of interest) are screaming that supply/demand will go $200+ unless conflict resolved. I think I’ll follow the guru’s.. at least for now.. but hoping for a resolution or a taco 🌮 I’m pretty hungry
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Erik retweetledi
In 1973, the oil embargo lasted 5m & caused a decade of stagflation. The world was not globalized & things were sourced locally.
1) Today the ENERGY CONTENT of products around you is much much higher than 1973.
2) The West has too much DEBT so impossible to fight stagflation.
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@bowtiedstocks @rationalaussie you're in a technical default at that point fr fr
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Nobody wants a $1.2m shitbox in Western Sydney when you can't even drive a car to get there nor have a job (AI took it) to pay the mortgage.
Sorry property bros, it is so over.
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Erik retweetledi
Pursuing this would likely accelerate capital flight from Australia’s energy sector, motivated more by climate ideology than by any realistic energy or economic strategy.
Giovanni Staunovo🛢@staunovo
Australia Weighs LNG Windfall Tax as World Faces Soaring Prices bloomberg.com/news/articles/…
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"Australia's largest ammonia plant will be shut for two months to repair damage caused by a power outage, amidst a global supply crunch for the vital fertiliser and explosives ingredient."
We have a problem. boilingcold.com.au/glitch-shuts-a…
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@ComradeChutney @AvidCommentator Easier to put it in the ballot box than tell a survey imo
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@AvidCommentator It will be very interesting to see if ppl have the guts to vote for PHON.
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A very happy South Australian state election day to all who celebrate.
I've got a lovely roast lamb ready to go for dinner tonight and a fridge full of cold drinks.
Lets see if the pollsters were right and how One Nation's polled vote translates on election night.
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