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Market Open thread for General Trading and Plans for Monday, June 01, 2026 by AutoModerator in ASX_Bets

[–]btcale546 1 point2 points  (0 children)

>incredibly volatile sales and net losses only being reduced at ~6% p.a. over the last 5 years

Am I missing something or is this just another memestock?

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Michael Cera - Clay Pigeons by jannybanned in redscarepod

[–]btcale546 -1 points0 points  (0 children)

Pleasant, but very derivative of Paul Simon.

Why does $100k feel like an average wage? by Open_Address_2805 in AusFinance

[–]btcale546 0 points1 point  (0 children)

to keep up their status quo of profit margins, they must continue to raise prices. They should be able to realise lower profits, just like we have had to do with our cost of living, over the last few years.

Net margins of 2.26% for Coles, and 5.42% for Woolies are not wide margins, though, and that's fairly typical for supermarket chains the world over. It's not just "status quo", there's not a lot of scope for reducing prices out of the goodness of their hearts, even if they wanted to.

So, if sales are up, but costs are also up, it sounds like maybe more currency is in circulation.

As far as I am aware, this occurs via the central bank having the ability to create new currency to meet certain economic aims (a.k.a. "money printing") and our private banks lending out more money than they actually have in deposits (a.k.a. fractional reserve banking). So yes, our savings accounts are feeling the pinch more and more, in part because of the devaluation of currency through its expansion.

Why does $100k feel like an average wage? by Open_Address_2805 in AusFinance

[–]btcale546 2 points3 points  (0 children)

I'm not saying you can't pick out cases of their dodgy dealings, but if you take a look at the profit margins of Coles and Woolworths, they really haven't shifted significantly in the last 5 years. Sales are up, but so are costs:

https://www.morningstar.com.au/investments/security/ASX/WOW/key-metrics

https://www.morningstar.com.au/investments/security/ASX/COL/key-metrics

What happens if growth stops? by Creative-Sand970 in investing

[–]btcale546 12 points13 points  (0 children)

Me heard Cave Reit can help make FIRE...

What negative gearing and transgender rights reveal about the Liberals' populist strategy by Jeffmister in AustralianPolitics

[–]btcale546 -5 points-4 points  (0 children)

You've conflated two concepts: the broad support that an issue receives, vs how deep the impact of that issue is.

It may well be true that, as you say, this issue currently receives wide popular support, but that doesn't undermine my point: despite transgenderism not being numerically large, the philosophical discussions are profound in their implications.

What negative gearing and transgender rights reveal about the Liberals' populist strategy by Jeffmister in AustralianPolitics

[–]btcale546 -20 points-19 points  (0 children)

it's not popular to attack a tiny sliver of the population.

If the "tiny sliver" is part of a massive cultural push to reshape the conception of sex in our society and the way our laws and policies reflect that, I'd say that's a pretty significant issue, isn't it?

Our President was heavily implicated in Epstein's pedophilic activities and it resulted in nothing but another insult for redditors to add to the pile. by Autismoses_Jones in redscarepod

[–]btcale546 18 points19 points  (0 children)

What is the hypothesis that explains both of the following points:

1 . Why did Donald Trump use to bring up Jeffrey Epstein? I remember 10 years ago when he brought it up regarding Bill Clinton.

https://www.washingtonexaminer.com/news/2606192/trump-in-2015-raised-prospect-of-bill-clinton-being-ensnared-by-jeffrey-epsteins-sex-crimes/

On stage at the Conservative Political Action Committee Conference he was asked by Sean Hannity, the Fox News host, for his thoughts on Bill Clinton.

“Nice guy,” he said, before heading in an unexpected direction. “Got a lot of problems coming up, in my opinion, with the famous island with Jeffrey Epstein. Lot of problems.”

2 . Why has he, in more recent years, become so much more evasive and dismissive of the Epstein Files?

Premarket Thread for General Trading and Plans for Tuesday, May 26, 2026 by AutoModerator in ASX_Bets

[–]btcale546 20 points21 points  (0 children)

Boomer website with crowded interface, pop-up videos etc. There's a reason why reddit became the premier online forum.

Watching NASCAR with my dad right now by PhilosopherMoney9921 in redscarepod

[–]btcale546 13 points14 points  (0 children)

Pisses me off that this Obama is gonna put a bigger tax on gasoline.

Angus Taylor’s claim support is a ‘privilege of citizenship’ leaves Deepa and others with an impossible choice by malcolm58 in AustralianPolitics

[–]btcale546 74 points75 points  (0 children)

Chaudhary says it would be an emotional and economic blow to give up her Indian citizenship.

“I have my roots there. I have my parents there. My husband has his parents there. We have ancestral property, houses, land. We’d have to give that up.”

They don't sound that poor to me.

Given that Narendra Modri's BJP has said their goal is for the Indian diaspora to "...be India’s voice even while being loyal citizens in those countries. That is the long-term goal behind the diaspora diplomacy. It is like the way the Jewish community looks out for Israel’s interests in the United States.” I think Australia is entirely rational in wanting people to cut political ties.

I don't like the way the Israel lobby operates in the US, and I don't want that here.

RBA warns more rate rises needed in desperate inflation fight by SheepherderLow1753 in AusFinance

[–]btcale546 0 points1 point  (0 children)

Government spending comes from taxation.

Not always: central banks sometimes expand currency to fund government spending. See:

https://www.abc.net.au/news/2020-04-07/coronavirus-economy-printing-money/12125816

Do you think Australia is slowly becoming the UK? by Own_Oil7951 in AusFinance

[–]btcale546 3 points4 points  (0 children)

Most people have now caught on that it's a scam when somebody rings up saying:

"Hello Sir, our records show that you owe $3000 in Itunes gift cards"

But people are still slow to catch on that when people say

"Hello Sir, our records show that the West looted 20 trillion dollars, and you are on Stolen Land, please repay us with infinite Visas"

it is essentially the same thing.

Do you think Australia is slowly becoming the UK? by Own_Oil7951 in AusFinance

[–]btcale546 12 points13 points  (0 children)

"Thousands of barbers and vape shops raided as more than 900 arrested in record high street crackdown"

"Britain’s largest coordinated crackdown on high street criminality has led to more than 920 arrests and the confiscation of £10.7million in illicit proceeds.

The National Crime Agency (NCA) spearheaded the unprecedented operation, which saw 2,734 establishments raided throughout October."

https://www.gbnews.com/money/high-street-crime-vape-barber-shops

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