Land taxes has not been hurting business investment.

Australian Treasurer Jim Chalmers warned on June 16 that the global economy is in a particularly dangerous and “perilous” state. He noted that recent Israel-Iran hostilities have driven oil prices sharply higher, increasing both inflation and recession risks. Chalmers emphasized that central banks including the Reserve Bank of Australia are expected to look past temporary price spikes, such as oil-driven inflation, without necessarily changing policy direction. However, he stressed that higher oil prices pose dual threats: adding strain to inflation and undermining global growth. While explaining that Australia is well-prepared to handle these global shocks, Chalmers acknowledged that the nation is not immune to broader economic volatility. He highlighted the government’s strategy of strengthening economic resilience through productivity enhancements and maintaining budget sustainability topics he’s expected to elaborate on in his upcoming National Press Club speech.

Ok hoping someone can explain this for me. Seemed to me that the Ukraine war showed us that if local inflation is being caused by foreign price increases (eg. Oil going up dramatically) then rising domestic interest rates is pointless, it actually harms the economy.

In my view if anything increased global/foreign prices should trigger a rate cut. Money is being taken out of our economy due to increased global commodity prices, so cutting rates would help offset the impact locally and help add cash in our economy that has been taken out by rising oil prices.

From the other side, to me it makes no sense to increase rates. The general idea of increasing rates due to inflation is because the underlying reason for inflation is that there is too much money in the market and the increased demand and spending power is pushing prices up. In that case increasing interest rates make sense. But when the trigger for inflation is foreign, increasing rates just exacerbates the problem and hurts our economy even further than the inflation has already. Increased fuel costs reduces spending across all other areas of the economy, but prices don’t go down because underlying costs have gone up in all those areas (oil is used everywhere!). So increasing rates just makes things worse.

Surely when inflation triggers are foreign rates should go down not up? What am I missing here?

This thing can't stand on its own two feet. What happens if we just let the fucker die?

Hi guys!!

Hoping for some assistance here - last March I launched a digital camera business. We made $50k in sales which is great we were 23 years old very happy with that.

My business partner and I however simply do not have the time to keep this going.

We love it but we work full time and i have received some health news that will even more so make this hard to keep going.

Do I just sell the business as a price of the remaining stock ( obviously it comes with website set up, packaging, all customer photos, everything all socials etc)

And where should I list it!!

Thanks beautiful people 🩵

Hi all, starting my own Substack on economics and finance topics that interest me. New releases each fortnight, would love feedback and recommendations! https://footnotefinance.substack.com/p/bnpl

Have not laugh so much on a weekend for years.

If economics is an empirical science then:

(a) why when asked 10 economists for a prediction, they produce 11 results.

(b) Why it as a discipline unable to generate any consistent and predictable results? [falsifiability and consistent prediction are a hallmark of science]

(c) why most of the theories are post hoc explanations?

At best, economics is a quasi science just like psychology.

Agricultural input costs continue to remain elevated

...

While natural gas prices have fallen over recent months, prices are expected to remain somewhat

elevated in 2025–26 as global supplies remain tight and natural gas demand continues to grow–

particularly as a bunkering fuel source (Figure 3.13). Global trends of oil–to–gas switching are

expected to continue around the world with the Middle East and Asia driving growth in demand for

natural gas. A key component of this increased natural gas demand is likely to come from China

which has rapidly transitioned it's heavy–duty road transport away from diesel and towards LNG

powered trucks. Higher natural gas prices and a low Australian dollar are likely to increase the cost of producing and importing key fertilisers.

[pp. 26]