Stephen Mayne

And I'm Stephen Mayne, contributor at Intelligent Investor, founder of Crikey and shareholder activist.

And we are the Money Cafe, Alan.

It's all happening.

Goodness me, where do we start today?

So I guess interest rates maybe three months in a row.

So they're basically saying we can jack up interest rates without smashing the jobs market.

That's the calculation, isn't it?

Yeah.

Did you take that seriously?

Like, I saw, you know, the headlines went with that.

It's not really going to move the dial, is it, particularly?

I mean, I know there's a structural deficit of $35 billion, so, yes, the Feds are stimulating to the tune of $35 billion, so they should be reducing that.

Maybe all these tax grabs that are proposed...

give charmers cover for the tax grabs or michelle bullock said stop overstimulating so we've taken some more money out of the economy with all these tax grabs that we promised we wouldn't do before the last election yeah i mean look i mean there's clearly a a um a problem in the in the sense that

I think it's going to be more cash grabbing, isn't it?

I mean, they're going to break their promise on capital gains tax trusts and negative gearing.

Is that a promise?

Was that a promise at the last election?

Well, Alan, I think this is going to become known as the Cairns Declaration.

So there's a News Corp journo, James O'Doherty,