Latest posts.

Why proprietary AI is losing its edge, local policy has hit a wall, and where this newsletter is heading next.

The Albanese government has found its next target, don't bank on a rate cut in 2026, and no matter how bad it gets there's always the UK.

The Greens got their concessions, Labor got its tax hike, and the rest of Australia got a revenue grab dressed as neutral reform.

Pauline's big day, Hormuz is open (or is it?), and the biggest meme stock of all-time.

The rise of One Nation, Oil and the Strait of Hormuz, and the SpaceX IPO.

Indexing for inflation isn't a concession, and deferring tax until you sell isn't a loan.

No, but tax-to-GDP is a highly misleading measure of the true tax burden.

Canada's technical recession, Australia's non-technical recession, and the worst public policy error in recent history.

The minimum wage increases that are a boon for some may eventually lead to lost jobs for others.

The economy's built-in roadblocks are bad news for anyone expecting an AI productivity miracle or an employment bloodbath.