Marketforces.org.au is the website of a group of people who are disgruntled, or if not actually disgruntled, are certainly far from gruntled. (H/t PG).
Continue readingYear: 2023
Dismantling superannuation
The governing Labor Party in Australia has just delivered bills to the Parliament to authorise next year’s budget. Included in the measures is the additional tax on superannuation balances that exceed $3m.
Continue readingThe unwelcome return of the Gold Standard
Imagine you were to pen a letter to the editor of any major newspaper predicting that the world’s major economies would be going back on a currency gold standard. Imagine, assuming the letter was published, the gales of laughter from the readers.
Continue readingInflation Bulletin
March 2023 quarter data have been released. Time for an update.
Continue readingWhere is Ignominy?
I’m not entirely sure where Ignominy is but I do know that lots of things end up there. It is common to hear of this or that ending up in Ignominy. Perhaps I should look it up on Google Maps.
Continue readingJust go
The Reserve Bank of Australia has finally admitted that “we did a terrible job.”
Continue readingHe’s right
Premier Andrews is correct.
Continue readingBack in Black
Can a leopard change its spots? The Grattan Institute has released a report titled “Back in Black”. It contains recommendations on how to correct Australia’s chronic budget deficit problem.
Continue readingOn track to fail
Writing in today’s Financial Review, Michael Read reports: “Federal Labor’s landmark policy to build 1 million new homes in five years is on track to fail..” Great opening line, seething with dark humour. Politicians in charge, make decisions, failure arrives on cue.
Continue readingThere is no pleasing some people
This is becoming tiresome. More opinion presented as research. In this case, the Financial Services Council of Australia has released its latest piece on superannuation in Australia. The FSC finds that Australians are not spending their superannuation quickly enough and this is ‘not optimal.’
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Australian Actuary 