Budget Watch: We’re all George Costanza now
Australia’s budget is coming on Tuesday, 12 May, and it will likely make investors feel like George Costanza. Maybe investors will embrace pure nihilism and swing for the fences even more?

Australia’s budget is coming on Tuesday, 12 May, and it will likely make investors feel like George Costanza. Maybe investors will embrace pure nihilism and swing for the fences even more?

The doom is real. But so are the commodity prices. And right now, the gap between them is where fortunes are made.
By James Cooper,

The latest White House declarations underscore the next major theme heading into 2030. And Australia has what they need.
By Charlie Ormond,

Lion’s mining clock is lighting up again as global M&A surges, but this doesn’t look like another dumb top‑of‑cycle blow‑off. It looks like the real boom phase beginning.

Rate hikes punish productive Aussies and big local projects, but soaring commodity prices point to ASX-listed plays offshore in nickel, copper, lithium and uranium instead.

US stocks remain bulletproof while the ASX lags. Murray and Charlie look at a software bounce-back trade and run the ruler over a bunch of viewer-suggested stocks.
By Murray Dawes,
Investment ideas from the edge of the bell curve.
Go beyond conventional investing strategies with unique ideas and actionable opportunities. Our expert editors deliver conviction-led insights to guide your financial journey.
All advice is general in nature and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.
The value of any investment and the income derived from it can go down as well as up. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever you’ve invested. While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in our reports are forecasts and may not be a reliable indicator of future results. Any actual or potential gains in these reports may not include taxes, brokerage commissions, or associated fees.
Fat Tail Daily is brought to you by the team at Fat Tail Investment Research
Copyright © 2026 Fat Tail Daily | ACN: 117 765 009 / ABN: 33 117 765 009 / ASFL: 323 988