The Prime Minister of Australia recently hinted that they will be rolling back the stage 3 tax cuts slated for 2024-25. In this interview, Mark Bouris makes the astute point that it would be better to cut income tax and shift it to a high GST rate. This would make income tax fraud less lucrative,…Read More
A recent theme in the markets has been that of inflation and increasing energy prices. This has been due to several confluencing factors: However, in a recent talk on Thoughtful Money, Doomberg laid out the argument that there is abundant oil still remaining, and technology has allowed the use of Natural Gas Liquids (not to…Read More
In a recent talk, Jeff Snider of Eurodollar University explained that banks are now using the Fed’s new Bank Term Funding Program to arbitrage between that interest rate and IOER. IOER (now the same as IORB) as of the 8th of January 2023 is 5.4%, and along with RRP is designed to put a floor…Read More