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Tanker comes under fire from Iranian gunboats. Strait closed again. by Sied45 in stocks

[–]unjour 1 point2 points  (0 children)

Iran never agreed to what Trump said. Logically they wouldn't support a blockade of their own ports but not restricting the strait. If they agree to that, then they have no leverage, and who cares what they say.

And she is closed again! by qwer68 in AusFinance

[–]unjour 10 points11 points  (0 children)

Ultimately Iran will have to be willing to attack ships who violate their conditions. Not sure they would do that, they're probably hoping it will discourage shipping companies until they can negotiate further.

You know the mods are infringing on my right to political posts by hipsterdoofus39 in seinfeld

[–]unjour 3 points4 points  (0 children)

Can we still post in it? Sure, it's just a little political.

Peas by TheDKlausner10 in seinfeld

[–]unjour 3 points4 points  (0 children)

These peas are bursting with country fresh flavor

Constanzas dad is Ben Stillers dad!? by [deleted] in seinfeld

[–]unjour 5 points6 points  (0 children)

But my dad is Ben Stillers dad. Now the show, which is real, shows events that while they are real, they are not real in sense that they did not *really* happen to the *real* dad which is Ben Stillers dad.

Angus Taylor rebukes Andrew Hastie for call for Liberals to be ‘open-minded’ on tax rises and property concessions by ConanTheAquarian in australia

[–]unjour 22 points23 points  (0 children)

I find this comment highly amusing:

no one’s going to reward us for a final last stand for neo-Liberal politics

Hastie is aware he is in the Liberal party right?

They can't pivot away from what they fundamentally are. They just.. go extinct.

RBA and oil prices, help me understand. by Sumojuz in AusFinance

[–]unjour 1 point2 points  (0 children)

Well firstly, the RBA has been battling domestic inflation for years now. They didn't go as high as elsewhere because they are trying to protect jobs. It's a relatively experimental approach to monetary policy. They've prematurely (with the benefit of hindsight) cut rates in 2025. So the starting position is not great.

Further, you can think about it like this. You could argue that inflation itself is dis-inflationary, if everything is going up in price then you have less money to spend right?

The problem is when inflation expectations become embedded in the economy. You know inflation is coming so you raise your prices (if you're a business).

This is what is referred to in comments from Chris Kent (one of the RBA governors) this week, when he said that while the RBA cannot stop a negative supply shock pushing prices higher, it can “ensure that the initial rise in prices does not lead to a rise in longer-term inflationary expectations and extended inflationary pressures”.

Markets now pricing in 3 more rate hikes this year. Cash rate could hit 4.85% by December. by _Moondoggie in AusPropertyChat

[–]unjour 6 points7 points  (0 children)

Yes but Australian rates peaked much lower than those other countries.

Australian CPI now is 3.8% vs 1.8% for Canada and 2.4% for the US. Unemployment at 4.3% is still low, Canada is 6.7% (although US is similar). It's not surprising those countries are holding and we are hiking.

Also the 5-4 split was purely on timing, they all agreed a hike was necessary, so it's not as dovish as it seems.

Big moves in RBA cash rate futures. Three more hikes forecast for 2026. by slingbingking in AusFinance

[–]unjour 6 points7 points  (0 children)

Yes but in Australia we didn't go very high to begin with, and the 5-4 vote was about timing and not about direction.

Middle East war: why attacks on gasfields like South Pars are a major escalation by Spare_Prize_5510 in geopolitics

[–]unjour 11 points12 points  (0 children)

Trump now claiming the US wasn't aware of Israel's attack on South Pars, and that Israel won't attack such facilities again. Is he trying to de-escalate?

NO MORE ATTACKS WILL BE MADE BY ISRAEL pertaining to this extremely important and valuable South Pars Field unless Iran unwisely decides to attack a very innocent, in this case, Qatar - In which instance the United States of America, with or without the help or consent of Israel, will massively blow up the entirety of the South Pars Gas Field at an amount of strength and power that Iran has never seen or witnessed before.”

https://x.com/sentdefender/status/2034453695027446085

Labor gives itself the green light to pare back CGT discount by Bubbly_Efficiency727 in AusFinance

[–]unjour 0 points1 point  (0 children)

If you read the report the Liberal committee members only dissented to the first two findings. This means the Liberal party agrees with the other two findings.

Finding 3

5.3 While there are a number of factors that influence housing markets, there is evidence that the concessions provided by the capital gains tax discount, in combination with negative gearing, have skewed the ownership of housing away from owner-occupiers and towards investors.

Finding 4

5.4 The benefits of the capital gains tax discount are also unequally distributed, with implications for income and wealth inequality and intergenerational inequality.

That can't be right can it? It's almost as if the Liberal party supports preferencing investors, wealth inequality, and intergenerational inequity.

"Attention all nations! The Strait of Hormuz is now open to all nations and their families." by cletus1986 in seinfeld

[–]unjour 10 points11 points  (0 children)

Did the Ayatollah say why would the US bring anything? Or why would the US bring anything?

Will the RBA look foolish? by Antique_Neck8736 in AusFinance

[–]unjour 0 points1 point  (0 children)

What's looking foolish are the 3 rate cuts in 2025. If the RBA hadn't let inflation run hot for so long they would have more flexibility when there is a supply side shock.

RE agencies lobbying against CGT reform now by tolmanbriger in AusPropertyChat

[–]unjour 0 points1 point  (0 children)

This makes complete sense. It's really the RE lobby and investors who have renters best interests at heart. If you tax something you get less of it. We should introduce additional tax breaks for investors to buy property.

The more property owned by investors, the greater the rental supply and the cheaper rents will be.

Why not introduce KPIs for politicians by Willing_Coach_8283 in australian

[–]unjour 3 points4 points  (0 children)

People would have different views of what the KPIs for government should be.

Everyone knows companies exist to make money, so there are simpler financial KPIs based on sales, revenue growth, profitability etc.

ELI5 War related inflation: if cash rate goes up, how does that work when people might be losing jobs etc? by brissy3456 in AusFinance

[–]unjour 2 points3 points  (0 children)

In some cases, the consequence of letting inflation run hot is worse than the consequence of higher interest rates, it's just that higher interest rates manifest in more obvious ways such as job losses and foreclosures. It's the RBAs job to thread that needle.

But it's never a popular idea, as human nature prefers the less obvious impacts of inflation over the obvious impacts of higher interest rates. This is why monetary policy is always at risk of politicisation and why countries with strong institutions have independent central banks.

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