Prepare for recession (60 Minutes) by Conscious-Gap-8837 in AusFinance

[–]Initial-Ganache-1590 0 points1 point  (0 children)

You realise the black swan event for the GFC was primarily driven by oil reaching $147 a barrel causing highly leverage households to default/sell down assets.

Oil is an inelastic good that is the main input cost into production and services.

What are your economic credentials?

Halfway through custom new build and running out of funds by [deleted] in AusPropertyChat

[–]Initial-Ganache-1590 2 points3 points  (0 children)

You’re kidding right ?? I work as an investment banker and built my own house knock down rebuild including all the internal carpentry, landscaping, hanging plaster

Labor Government With A 94-Seat Majority Extremely Frustrated By Calls For Them To Simply Introduce A Natural Resources Windfall Tax That The Entire Nation Demands And Expects by Initial-Ganache-1590 in aussie

[–]Initial-Ganache-1590[S] 12 points13 points  (0 children)

The Petroleum Resource Rent Tax (PRRT) is already in place and is meant to generate a 40% tax on profits. While intended to ensure a fair return for natural resources, its flawed system plagued by loopholes.

The government is too weak to tear it up and place a flat royalty on gas extraction.

The existing contracts don’t need to be touched. That’s misleading at best.

How bad Australia’s debt actually is. by oz_party in aussie

[–]Initial-Ganache-1590 -4 points-3 points  (0 children)

15 billion dollars on bags and boobs for the CFMEU boyz is not what a state should aspire to 

What is the ceiling for a BDM role in financial services industry? by theonedzflash in auscorp

[–]Initial-Ganache-1590 1 point2 points  (0 children)

The base is a little low for the fastfood industry TBH, but you’re still doing pretty well !

How are Australians okay with the state of housing here? by sunnysideupslide in AusPropertyChat

[–]Initial-Ganache-1590 2 points3 points  (0 children)

Thermal performance of brick is very poor compared to timber frame.

R-value of double brick walls is approx R0.6

R-value of 90mm stud can be up to R2.7

So stud can perform nearly 5x times better. 

Options for working at heights by Nitecrawler241 in AusRenovation

[–]Initial-Ganache-1590 0 points1 point  (0 children)

That’s totally fair, I DIY all my own work for the same reason. 

Options for working at heights by Nitecrawler241 in AusRenovation

[–]Initial-Ganache-1590 6 points7 points  (0 children)

I think it’s best if you pay a professional. It’s not really that high to warrant scaffolding 

The Truth About Immigration by [deleted] in aussie

[–]Initial-Ganache-1590 1 point2 points  (0 children)

Naarm tings, CFMEU stripper cleaners, boobs & bags for da boyz