Both markets made all time highs overnight. SP500 to gold ratio high but not extreme. However valuations stretched according to http://www.multpl.com/shiller-pe/. Another couple of years to run in this stock bull market?
Unlikely. Federal politicians with 2 terms in parliament get $200k per annum for the rest of their lives! At current interest rates that's like a $10 million retirement account for a maximum of 8 years work. No wonder none of them are prepared to go for double dissolution.
OK. So scratch the short term profit target and just go long here with stops @ 1180 and/or 1140.
If your view is that the USD went up because of geopolitics, then it should fall as economics resume centre stage.
It's become a huge industry in Australia. The welfare system is estimated to redistribute $150 bn annually. That puts the big 4 banks' profit of $29 bn in 2014 in perspective doesn't it.
How long can it last? Who knows, who cares? Of course when the **** hits the fan it will be the 1 percenters...
I guess my original thought was that even with all these "concessions" the top income earners still pay ALL the tax. Anyway that's what the data seems to show.
that maybe so, but low income earners in australia do receive some of the highest subsidies in the world. i guess it's what makes this place so pleasant to live in.
Source:http://www.oecd-ilibrary.org/economics/economic-growth-from-the-household-perspective_5jz5m89dh0nt-en Calculated from...