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Marko Matvikov

@MarkoMatvikov • 9,396 subscribers

Casual commentator, qualified engineer, part-time builder, full-time developer.

Shorts

“Most people we’ve spoken to today say they’re just delighted to be here because Mr Modi makes them proud of their Indian heritage - and that’s a message that we’ve got time and time again.” When our PM visits foreign nations, he’s welcomed with the host country’s traditions and culture. Yet when India’s PM visits Australia, he’s welcomed with Indian traditions and a stadium rally. The irony of this is that Modi’s popularity is built on promoting Indian nationalism around the world. While our PM seems far more comfortable celebrating other cultures than promoting our own.

“Most people we’ve spoken to today say they’re just delighted to be here because Mr Modi makes them proud of their Indian heritage - and that’s a message that we’ve got time and time again.” When our PM visits foreign nations, he’s welcomed with the host country’s traditions and culture. Yet when India’s PM visits Australia, he’s welcomed with Indian traditions and a stadium rally. The irony of this is that Modi’s popularity is built on promoting Indian nationalism around the world. While our PM seems far more comfortable celebrating other cultures than promoting our own.

127,706 次观看

Financial expert puts it plainly: “We’re probably in a hard time here in Australia. When you look at our real GDP, it’s minimal, I think it was 0.3% last quarter. And from a per capita basis, we are in recession. So what is propping our economy up currently is immigration.” This has been going on for years - immigration without productivity growth drives prices up and living standards down. This is the only type of economic growth this government knows - the type that makes life worse for the people already here.

Financial expert puts it plainly: “We’re probably in a hard time here in Australia. When you look at our real GDP, it’s minimal, I think it was 0.3% last quarter. And from a per capita basis, we are in recession. So what is propping our economy up currently is immigration.” This has been going on for years - immigration without productivity growth drives prices up and living standards down. This is the only type of economic growth this government knows - the type that makes life worse for the people already here.

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Crucial words from the RBA Governor: “The economy is closer to its supply capacity than we previously thought. Which means supply constraints are binding in some sectors and it’s not taken much of a pick-up in demand to generate price pressures. Years of weak-to-no productivity growth is a big part of that story.”

Crucial words from the RBA Governor: “The economy is closer to its supply capacity than we previously thought. Which means supply constraints are binding in some sectors and it’s not taken much of a pick-up in demand to generate price pressures. Years of weak-to-no productivity growth is a big part of that story.”

128,597 次观看

“For 18 months spending growth was entirely due to population growth with per capita spending in decline. Now that’s positive at least but population growth is still contributing 80% of the growth in private demand.” Or in other words, while you did it tough to bring inflation down, your government flooded the country to keep it high.

“For 18 months spending growth was entirely due to population growth with per capita spending in decline. Now that’s positive at least but population growth is still contributing 80% of the growth in private demand.” Or in other words, while you did it tough to bring inflation down, your government flooded the country to keep it high.

37,369 次观看

The RBA estimates our economy can only grow 2.1% without causing inflation (referred to as economic speed limit). Alan Kohler summarises the issue well: “So why is the speed limit only 2.1% growth? Because of low productivity. It’s actually lower now than it was 10 years ago. And the only way to achieve higher growth without inflation is by increasing productivity. Which is the job for government policy.”

The RBA estimates our economy can only grow 2.1% without causing inflation (referred to as economic speed limit). Alan Kohler summarises the issue well: “So why is the speed limit only 2.1% growth? Because of low productivity. It’s actually lower now than it was 10 years ago. And the only way to achieve higher growth without inflation is by increasing productivity. Which is the job for government policy.”

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“Taken together, the data suggests there is slightly more excess demand in the economy than we thought in February - and inflationary pressures are therefore somewhat greater. This is before considering what higher energy prices arising from the conflict in the Middle East could mean for our economy.” Or in other words, the RBA hiked the rate today because of homegrown inflation.

“Taken together, the data suggests there is slightly more excess demand in the economy than we thought in February - and inflationary pressures are therefore somewhat greater. This is before considering what higher energy prices arising from the conflict in the Middle East could mean for our economy.” Or in other words, the RBA hiked the rate today because of homegrown inflation.

11,027 次观看

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When questioned if our CGT could drive people to places like Singapore and New Zealand, Jim Chalmers arrogantly says it won’t because it hasn’t happened to date. Firstly, that’s categorically false - we have lost major Australian-born success stories like Airwallex for tax reasons, as well as the most profitable trading divisions of mining giants BHP and Rio Tinto. Secondly, this is the same Treasurer who was explicitly warned by his own Treasury in 2023 that raising the tobacco tax would result in less revenue - which was conveniently omitted from the budget papers. He’s both shamelessly deceitful and seemingly incapable of grasping the very simple concept that changes in tax settings drive changes in behaviour.

When questioned if our CGT could drive people to places like Singapore and New Zealand, Jim Chalmers arrogantly says it won’t because it hasn’t happened to date. Firstly, that’s categorically false - we have lost major Australian-born success stories like Airwallex for tax reasons, as well as the most profitable trading divisions of mining giants BHP and Rio Tinto. Secondly, this is the same Treasurer who was explicitly warned by his own Treasury in 2023 that raising the tobacco tax would result in less revenue - which was conveniently omitted from the budget papers. He’s both shamelessly deceitful and seemingly incapable of grasping the very simple concept that changes in tax settings drive changes in behaviour.

73,327 次观看 • 16 天前

This is the Australian story for about two decades - low productivity, high immigration and declining living standards. “Well Deloitte Access Economics has been producing quarterly economic reports for 30 years - and today’s was among its grimmest. 3 months ago they were forecasting 2% growth for this financial year - now they reckon it’ll be 1.3%. And next year, 1.9% - which will be the longest stretch of sub 2% growth since the 1992 recession. In the text, chief economist Stephen Smith says for too long strong population growth has masked a weak underlying productivity performance - and lifted growth while doing less for living standards. And he’s predicting more of the same - here’s his chart of population growth, history and forecast. Basically, Deloitte is predicting that immigration and population growth will go back to what it was when it was masking weak productivity - and almost double what it was in the early 2000s.”

This is the Australian story for about two decades - low productivity, high immigration and declining living standards. “Well Deloitte Access Economics has been producing quarterly economic reports for 30 years - and today’s was among its grimmest. 3 months ago they were forecasting 2% growth for this financial year - now they reckon it’ll be 1.3%. And next year, 1.9% - which will be the longest stretch of sub 2% growth since the 1992 recession. In the text, chief economist Stephen Smith says for too long strong population growth has masked a weak underlying productivity performance - and lifted growth while doing less for living standards. And he’s predicting more of the same - here’s his chart of population growth, history and forecast. Basically, Deloitte is predicting that immigration and population growth will go back to what it was when it was masking weak productivity - and almost double what it was in the early 2000s.”

40,314 次观看 • 9 天前

Here’s the full quote and clip for the intro: “Don’t expect a divisive Welcome to Country from me. This beautiful country belongs to all Australians – born here and those who have come to join us. I would like to acknowledge the men and women that have sacrificed their lives for our democracy, our freedom, for our country. And also to those migrants, those people that have worked extremely hard and those Australians born here with their blood, sweat and tears to build this nation into the beautiful country that it is today.” Imperfectly delivered – but an undeniable message of unity that will resonate with millions of Australians.

Here’s the full quote and clip for the intro: “Don’t expect a divisive Welcome to Country from me. This beautiful country belongs to all Australians – born here and those who have come to join us. I would like to acknowledge the men and women that have sacrificed their lives for our democracy, our freedom, for our country. And also to those migrants, those people that have worked extremely hard and those Australians born here with their blood, sweat and tears to build this nation into the beautiful country that it is today.” Imperfectly delivered – but an undeniable message of unity that will resonate with millions of Australians.

93,471 次观看 • 29 天前

A loophole that’s been doing the rounds in the news today is that existing homeowners will be able to still negatively gear their properties by moving elsewhere and turning theirs into a rental. Not only does this create less incentive for people to sell their homes (in addition to stamp duty remaining as the biggest deterrent), it just flat out doesn’t make sense. Why should I be able to move into another home and massively negatively gear my recently redeveloped home after the changes? Grandfathering existing investment properties is one thing - but this loophole would create new negatively geared properties to the exclusive benefit of existing homeowners.

A loophole that’s been doing the rounds in the news today is that existing homeowners will be able to still negatively gear their properties by moving elsewhere and turning theirs into a rental. Not only does this create less incentive for people to sell their homes (in addition to stamp duty remaining as the biggest deterrent), it just flat out doesn’t make sense. Why should I be able to move into another home and massively negatively gear my recently redeveloped home after the changes? Grandfathering existing investment properties is one thing - but this loophole would create new negatively geared properties to the exclusive benefit of existing homeowners.

92,411 次观看 • 2 个月前

What an entitled and undemocratic thing to say: “I want them out of this country. I want them to disappear. I don’t want them to be able to be a party.”

What an entitled and undemocratic thing to say: “I want them out of this country. I want them to disappear. I don’t want them to be able to be a party.”

36,712 次观看 • 2 个月前

Albo blames misinformation for public reaction to the fuel crisis. He laments the days when information was centralised through the mainstream media. But he fails to acknowledge why people stopped trusting them. He ignores that they were exposed as unreliable arbiters of truth. The fact is credibility is hard to earn and easy to lose. Something he and his government would be wise to be remember.

Albo blames misinformation for public reaction to the fuel crisis. He laments the days when information was centralised through the mainstream media. But he fails to acknowledge why people stopped trusting them. He ignores that they were exposed as unreliable arbiters of truth. The fact is credibility is hard to earn and easy to lose. Something he and his government would be wise to be remember.

45,063 次观看 • 3 个月前

A public hearing was held into NDIS integrity yesterday - here’s what we know so far: - Almost $4bn was lost last year alone (but this is only a statistical estimate based on limited criminal investigations) - 90% of the smallest 1,000 plan managers showed indicators of fraud - Organised crime, both local and offshore, are harvesting NDIS packages and recycling the funds into other illegal activities - Some staff within the government agency have been involved in fraud - The scheme’s rollout was rushed, payment claims were largely unverified, and integrity resources were not commensurate with the scale of funding Here’s the NDIS integrity chief talking about how a lot of these issues have been seen in government programs before and continue to be repeated as new programs are setup. Has any politician or bureaucrat responsible for the setup and rollout ever been held accountable for the likely 10s of billions of dollars of losses? No. So how can we trust this will be cleaned up properly and future programs won’t be defrauded if there’s no accountability for the individuals involved? We can’t.

A public hearing was held into NDIS integrity yesterday - here’s what we know so far: - Almost $4bn was lost last year alone (but this is only a statistical estimate based on limited criminal investigations) - 90% of the smallest 1,000 plan managers showed indicators of fraud - Organised crime, both local and offshore, are harvesting NDIS packages and recycling the funds into other illegal activities - Some staff within the government agency have been involved in fraud - The scheme’s rollout was rushed, payment claims were largely unverified, and integrity resources were not commensurate with the scale of funding Here’s the NDIS integrity chief talking about how a lot of these issues have been seen in government programs before and continue to be repeated as new programs are setup. Has any politician or bureaucrat responsible for the setup and rollout ever been held accountable for the likely 10s of billions of dollars of losses? No. So how can we trust this will be cleaned up properly and future programs won’t be defrauded if there’s no accountability for the individuals involved? We can’t.

31,211 次观看 • 2 个月前

There’s now 6 months of data since the 5% deposit scheme was expanded. It confirms what we knew what happen: Nationally, home values have risen at twice the rate below the scheme price caps as above it. In Melbourne and Sydney, home values have actually fallen above the price caps, but risen below them. In other states with positive growth overall, it’s amplified the rise in home values. This scheme has done what it was intended to do - push up house prices further.

There’s now 6 months of data since the 5% deposit scheme was expanded. It confirms what we knew what happen: Nationally, home values have risen at twice the rate below the scheme price caps as above it. In Melbourne and Sydney, home values have actually fallen above the price caps, but risen below them. In other states with positive growth overall, it’s amplified the rise in home values. This scheme has done what it was intended to do - push up house prices further.

32,100 次观看 • 2 个月前

What Pauline lacks in nuance she makes up for with clarity: “Whether you’re born here or whether you migrated here, we’re all Australians who should be treated equally. That’s been my policy from Day 1, from 30 years ago. We must feel that we are Australians with the one culture, one goal and to live in peace and harmony.” If you can’t see how this is a message that resonates with Australians following escalating cultural division, endless protests and ethnically targeted assaults culminating in our worst ever terrorist attack, then you’ve got rocks in your head.

What Pauline lacks in nuance she makes up for with clarity: “Whether you’re born here or whether you migrated here, we’re all Australians who should be treated equally. That’s been my policy from Day 1, from 30 years ago. We must feel that we are Australians with the one culture, one goal and to live in peace and harmony.” If you can’t see how this is a message that resonates with Australians following escalating cultural division, endless protests and ethnically targeted assaults culminating in our worst ever terrorist attack, then you’ve got rocks in your head.

52,196 次观看 • 5 个月前

Jacinta knows Trump is broadly disliked in Australia. She also knows the strain on families and increased demand for charities predates Trump’s war with Iran. But it’s an opportunity to dismiss Labor’s failures and blame it all on him anyway. This is the kind of populist politics Labor has the temerity to accuse others of. Thankfully, Victorians can see through her crocodile tears. She’ll remain the least popular state leader in the country and one of the least popular Victorian Premiers in history.

Jacinta knows Trump is broadly disliked in Australia. She also knows the strain on families and increased demand for charities predates Trump’s war with Iran. But it’s an opportunity to dismiss Labor’s failures and blame it all on him anyway. This is the kind of populist politics Labor has the temerity to accuse others of. Thankfully, Victorians can see through her crocodile tears. She’ll remain the least popular state leader in the country and one of the least popular Victorian Premiers in history.

31,437 次观看 • 3 个月前

“Macquarie research produced a report today about the impact of AI on banking employment - looking at how good it’ll be for cost cutting and higher profits. The most likely base case, according to Macquarie, is 18% reduction in jobs, gradual adoption 9% and rapid adoption 30%. Now, there are 185,000 people employed by the banks - 18% of them is 33,000 and 30% is 56,000 people. But of course, Macquarie could be wrong.”

“Macquarie research produced a report today about the impact of AI on banking employment - looking at how good it’ll be for cost cutting and higher profits. The most likely base case, according to Macquarie, is 18% reduction in jobs, gradual adoption 9% and rapid adoption 30%. Now, there are 185,000 people employed by the banks - 18% of them is 33,000 and 30% is 56,000 people. But of course, Macquarie could be wrong.”

26,114 次观看 • 3 个月前

This is a shocking video from 2018. Whatever she may have said and however outspoken she may be - what she’s doing here isn’t breaking any laws. And yet the police are inferring that her mere presence would cause a breach of the peace - when really, they know she’d be attacked and that’d be inconvenient. The right thing to do would’ve been to safely escort her - to ensure that so long as she didn’t break any laws, nobody would hurt her. A true multicultural society enforces the law without fear or favour. This isn’t multiculturalism - this is enabling an enclave to live by its own rules.

This is a shocking video from 2018. Whatever she may have said and however outspoken she may be - what she’s doing here isn’t breaking any laws. And yet the police are inferring that her mere presence would cause a breach of the peace - when really, they know she’d be attacked and that’d be inconvenient. The right thing to do would’ve been to safely escort her - to ensure that so long as she didn’t break any laws, nobody would hurt her. A true multicultural society enforces the law without fear or favour. This isn’t multiculturalism - this is enabling an enclave to live by its own rules.

23,748 次观看 • 3 个月前

“Australia is a sensible nation.. We are centrists as Australians. And if you run off into la la land.. well then you find yourself running second to Pauline Hanson.” Sounds to me like Malcolm is saying Pauline is more centrist than the Liberals. Perhaps the first time I’ve ever agreed with the ex PM that never goes away.

“Australia is a sensible nation.. We are centrists as Australians. And if you run off into la la land.. well then you find yourself running second to Pauline Hanson.” Sounds to me like Malcolm is saying Pauline is more centrist than the Liberals. Perhaps the first time I’ve ever agreed with the ex PM that never goes away.

24,074 次观看 • 5 个月前

Alan provides a summary of how this energy rich nation became dependent on other countries for fuel. 1. We stopped exploring for oil 2. We allowed our oil refineries to close There are detailed reasons for both of the above - but ultimately they were a series of choices, not an inevitability. And we’ve been the only country that’s consistently failed to meet our 90 days fuel reserve obligation for over a decade.

Alan provides a summary of how this energy rich nation became dependent on other countries for fuel. 1. We stopped exploring for oil 2. We allowed our oil refineries to close There are detailed reasons for both of the above - but ultimately they were a series of choices, not an inevitability. And we’ve been the only country that’s consistently failed to meet our 90 days fuel reserve obligation for over a decade.

13,248 次观看 • 2 个月前

This is what happens when leaders try to appease minorities for votes. Weakness invites disrespect – and trying to placate conflicting interests only fuels more radical demands. This incident isn't just embarrassing – it should be a turning point. Debate foreign policy - but do so peacefully and ensure it’s in the interests of Australia. We need leaders with the spine to put our country first, without compromise or apology.

This is what happens when leaders try to appease minorities for votes. Weakness invites disrespect – and trying to placate conflicting interests only fuels more radical demands. This incident isn't just embarrassing – it should be a turning point. Debate foreign policy - but do so peacefully and ensure it’s in the interests of Australia. We need leaders with the spine to put our country first, without compromise or apology.

14,060 次观看 • 3 个月前

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