The Reserve Bank has been stomping on the brake, but now our governments are hitting the accelerator.
What could possibly go wrong?
That very much depends on how much of their tax cuts will families spend.
One survey suggests that’ll only be 20 cents in the $. If true, that’d very much help Australia navigate the inflation risk of coming months.
Yet remember families are currently spending 97¢ out of every dollar, so family spending may not be quite as weak as our governments are gambling it wil...

The best part of this is that those of us who already received subsidies for solar panel and battery installs will still receive the credit on our electricity bills.
Meaning for those with zero dollar bills due to solar export just get cash in hand as the credits are refundable.
More subsidies for the well to do.

In brief, although the revenue write-up is smaller than those of the past couple of years, it’s still big bucks.
But there’s a catch – two of them.
Both mean that, although the government has money and families need money, that’s not a match made in heaven.
The immediate problem is inflation. That’s hanging around a bit more than the Reserve Bank forecast, so markets now don’t expect a rate cut from the RBA until a year from now – after the...

RBA leaves policy rate unhinged at 4.35%.
Aus Finance gurus if you were PM/Treasurer how would you deflate inflation????
It’s your first day in office….go…

Not sure why the excitement. This seems a long way from Satoshi's vision. The whole bitcoin project was setup out of disgust at the big money men on Wall St and what they got away with during the GFC.
Why is getting BlackRock, Fidelity et al (and our local versions) to hold bitcoins on behalf of people - while clipping their 2% in fees - and bypassing the blockchain a good thing for bitcoin? Or humanity? Seems like it only enriches the middle men and grifters.
I'm sure Satoshi is spinning in his...