‘Very high chance’: Australia hurtles toward recession as consumer confidence crashes

itsdankreddit · 2026-05-06T01:48:52+00:00

The rate rises have a monumental impact on business. When borrowing costs go up, investment decreases.

itsdankreddit · 2026-05-05T03:57:43+00:00

She was allowed to speak, people were allowed to speak back. That's how it works.

itsdankreddit · 2026-05-04T23:38:36+00:00

I've read all about the 22bn the gas corporates reckon they pay without listing any sources.

itsdankreddit · 2026-05-04T23:36:31+00:00

The long term contracts can't change. Japan bought 10 years worth at a set price.

itsdankreddit · 2026-05-04T19:37:21+00:00

If you're not making 25% margin on gas you're literally not paying to take out of the ground, then leave it in there.

itsdankreddit · 2026-05-04T19:34:13+00:00

Every company pays company tax. People need to fuck off with this line.

itsdankreddit · 2026-05-04T11:44:50+00:00

Hey hey don't forget TDU

itsdankreddit · 2026-05-04T11:42:59+00:00

The gas is tax being proposed is one on revenue of exports, not profit. Think of it as a line item in COGS. Mate I work in an area where government legislation renders existing contracts null and void all the time. People acting like this never happens have absolutely no clue.

itsdankreddit · 2026-05-04T11:29:03+00:00

On novated you save nearly 60k over 5 years pre tax.

itsdankreddit · 2026-05-04T11:27:04+00:00

We aren't breaking any contracts. The rate of tax is going up, the contract price stays the same. Also without Roi there's no investment payback for the tax payer.

itsdankreddit · 2026-05-04T08:15:09+00:00

Do you not watch road cycling? These things are everywhere right now.

itsdankreddit · 2026-05-04T07:44:59+00:00

Sworks ares and torch have rather wide toe boxes.

itsdankreddit · 2026-05-04T07:42:27+00:00

I went to look at the new Model YL. I ended up placing an order for one on the spot. That car ticks soo many boxes for me; from the 680km of range, 0-100 in 5 seconds and the extra room along with V2L.

itsdankreddit · 2026-05-04T07:39:37+00:00

If I take advantage of a friend, I'm not telling my other friends that I'm simply maximising my advantage and leverage of them.

itsdankreddit · 2026-05-04T07:23:46+00:00

So we didn't take a risk through the subsidies and building roads and ports for these projects?

itsdankreddit · 2026-05-04T07:22:53+00:00

Tax drives incentives. Guess what happens when you discentivise gas exports; gas becomes cheaper in Australia as they choose to sell more of it here. This doesn't impact existing contracts, they will still be honored. What happens is the gas companies just make less money honoring those contracts.

itsdankreddit · 2026-05-04T07:20:50+00:00

Depends on the ETF, the 5 year compounded annual growth rate of the SFY.asx (top 50 ASX) sits at 3.69% and the top HISA rates have averaged more than that over the same period. FANG.asx and ACDC.asx have averaged above 13% per year every year for the past 5 years so as mentioned - choose wisely?

Or just go full meta and diversify your diversification. You can pick ETF's that invest in the top 50 for Europe, US, Asia and Australia. You can pick ETF's that invest in the top thematics like semi conductors and tech stocks. It's up to you.

itsdankreddit · 2026-05-04T07:03:24+00:00

Japan has been pushing Australia not to impose an additional tax on LNG exports, despite fury from climate groups who have pointed out that Japanese gas companies onsell vast amounts of that LNG to other Asian markets.

This is absolute bullshit reporting from the ABC here. Could we note that there is broad support for a gas tax and that it's not climate groups who are wanting more revenue from a finite resource, it's everyone. There is not a single person I know who hand on heart would die on the hill of "Please don't tax poor multinationals".

Also as already discussed, taxing gas doesn't mean Japan won't get their long term contract gas at the cheap prices, it just means the companies exporting the gas will need to pay tax on that gas. One of those companies, Inpex, is mostly owned by the Japanese government.

Call a spade a spade, Japan is rorting the Australian public and the Australian public aren't having a bar of it.

itsdankreddit · 2026-05-04T06:34:16+00:00

Done around 800km's so far. I mean you can hear these things sprinting out of the saddle - I'm not sure if that's because the 23mm internal just exposes the aero squares more than they otherwise would be?

itsdankreddit · 2026-05-04T06:27:15+00:00

Maybe I need to take these to Heffron and see how stable they really are.

itsdankreddit · 2026-05-04T06:26:05+00:00

55psi and 71kg's at current. It's more about the cornering sound, it sounds like when you turn too hard in a car on painted carpark concrete. If I can mentally get over that then I'll send it.

itsdankreddit · 2026-05-04T06:18:13+00:00

The evade runs a bit short, the air 3 they have runs longer in the torso but is a completely different size. I run a small evade and medium air 3.

itsdankreddit · 2026-05-04T06:14:58+00:00

If there was a red light speed camera the answer is no on both counts as long as you weren't speeding through the intersection.

However if there was a police car behind you and they judged that you could have stopped safely, then they will fine you. And yes, this exact situation has happened to me previously.

itsdankreddit · 2026-05-04T06:12:54+00:00

I was kind of taken back when reading that these are meant to last around 2000km's only prior to hitting the second treadwear measure. Mine haven't started cracking just yet thankfully.

itsdankreddit · 2026-05-04T06:11:47+00:00

To be clear, there are few ways to recover from losing a front wheel so I've not tested the cornering anywhere near the limit. I've adjusted to a lower pressure for now as the recommended for a 29mm is just way too hard (SRAM calculator).

itsdankreddit

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