Paxter

Radio talk show host turned politician was all I had to read.

Yeah countries like Brazil index social spending to inflation and it ends up being a massive headache for governments as they can never get on top of their deficits. Similar thing occurs on the tax side.

I'm starting to feel more confident that Albo and Chalmers will do the right thing here. The Truss thing has been a boon.

From a Labor MP on the legislated tax cuts: I'm sorry, $120k per year is a fucking great income. It may not be "rich", but it isn't someone who needs a lot of help from the government. Median earnings in Australia are currently around $50k per year. When are we going to focus on the millions of Australians earning around this amount or lower? Just tells me that both sides of the aisle are completely fucked when it comes to our tax system.

Yeah actually a lot of similarities there. Aus has had more PMs of late, but in terms of parties in power in my lifetime (and just prior) we’ve had the Coalition for stints of 10 (Howard) and 9 (Turnbull/ScoMo/Crazy Onion Eater) years and Labor for 13 (Hawke/Keating) and 6 (Rudd/Gillard). I’d expect the left to win again in NZ next year but it’s really too early to say. I didn’t think Aus would vote for a change this year.

Haha. Only thing is that you need to edit your opening post to include a link to a classic Aus/NZ tune. It’s tradition!

Yeahhhh…I’m in the camp of finding it hard to call a recession with a labour market this tight. I know that technically the definition has been met, but I’m talking something with some serious bite on both Main and Wall St. And that’s what we will probably see next year across the developed economies. So far, there is no recession priced in because the market can’t agree on its extent and duration (fair enough). All we’ve seen is multiple compression as future earnings are discounted at a higher rate. And of course some silly speculative stocks and coins come crashing to earth.

There are plenty of bulls still out there who think the Fed et. al. can engineer a “soft landing” or will simply tolerate high inflation to preserve market stability. So these bear market rallies will continue. But ultimately I am still predicting some sort of recession, which will take prices lower than they are now over the next 12 months. The only saviour for the bulls is if somehow the inflation beast is rapidly tamed. But otherwise, cash is not trash.

$47 is very flattering. The stock opened at like $43 today. Elon’s premium definitely higher than 13. Market wise, we have seen a hell of a rip on the back of the BoE backflip and some slightly weaker economic data. Probably will get a nice bounce from here, maybe until the mid-terms. Then reverse as inflation stays sticky.

Easy win for Legault. Sigh.

It's not just ERs either, there is strain across the health care system, from family doctors to surgeries. And of course the aged care system is hopelessly broken here. Ontario's proposed solution? Private care. That will end well.

No holiday for the two most populous provinces though.

Tragedy in Hamilton, Mississauga and Milton today. Horrifying, distressing and confusing.

Expected result. I assume this just takes the Conservatives closer to electoral oblivion (kind of like the right-wing version of the disastrous Jeremy Corbyn)?

Hearts and minds on SK tonight :(.

That doesn't really jive with my own life experiences but I don't have any data to back that up. I'm a millennial myself and most of my male friends of the same age are highly supportive or at least generally supportive of LGBT rights. That applies to guys I consider "bros" as well as religious individuals. But self-selection is a problem here. By contrast most of the male boomers in my life are neutral at best on LGBT matters (including my dad, for example).

I've been trying The Great Pretender (also on Netflix) in an attempt to get back into anime. The animation is pretty cool (amazing colour palette and attention to detail with real life locations) but the characters / story etc are nothing special so far.

Welcome to the board HaaH :cheers:. Good to see another West Aussie around here!