1. Trump’s Syria strike puts the world on notice
Trump’s launch of 59 Tomahawk missiles to smash a Syrian airfield has put the world on notice. As Trump enters talks with Chinese leader Xi Jinping, suddenly it is clear that Trump is not going to be isolationist, and no-one can be sure how far he will go, in Syria, the South China Sea, North Korea, or anywhere else..
The biggest question is what comes next? There are Russian troops on the ground. The Syrians and Russians have anti-aircraft weapons capable of bringing American planes down, which have been flying freely to strike ISIS targets. Continue reading Saturday salon 8/4
The release of the Grattan Institute report Hot property: negative gearing and capital gains tax has raised the temperature of the scare campaign for a day or so on Labor’s Positive plan to help affordable housing, aka negative gearing.
Turnbull says Labor’s policy will drive down house prices:
“What Labor is proposing is a huge reckless shock to the market. This is not fine-tuning. This is a big sledgehammer they are taking to the property market,” Mr Turnbull said.
Grattan found otherwise. Continue reading Negative gearing: the election scare campaign continues
There are a few things we need to bear in mind when discussing the effects of proposed changes to negative gearing.
According to the AFR median weekly incomes in Sydney have increased by 17 per cent in the past eight years, while house prices have nearly doubled from $546,000 to more than $1 million. In Melbourne over the past six years median incomes have increased by 10 per cent while house prices have risen by 70 per cent, from $442,000 to $749,999. Prices are high and are due for a correction. Continue reading Negative gearing