Episode Transcript
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Speaker 1 (00:09):
You're listening to a podcast from News Talk zed B.
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Speaker 2 (00:24):
Rewrap.
Speaker 3 (00:26):
Then welcome to the Rewrap for Tuesday.
Speaker 4 (00:28):
All the best, but it's from the Mike Husking Breakfast
on Newstalks, ed Beat and a Sillier package. I am
Glenn Hart, and today we're going to rank world leaders
as seen through the eyes of an Australian.
Speaker 3 (00:41):
It seems like a weird thing to do, but that's
what we're going to do.
Speaker 4 (00:44):
Nico Portius has called it a day. What do we
make of that given that he's like twelve years old?
Pack and say Rolliston has caught the hosts attention, and
we're going to finish up with some recommended viewing. But
before any of that, so we did manufacturing yesterday. I
think today we're looking at services.
Speaker 3 (01:05):
Look, guys, you've got to realize things. And as good
as you think that the might be.
Speaker 2 (01:08):
No particular thrill, I can tell you that no particular
thrill and being right about the door times, but I
am just not sure how much more evidence the Reserve
Bank needs to start realizing they have misread the economy.
So yesterday we talked about manufacturing right, the index is
going backwards. It's shrinking. It was growing. It was growing
for several months in a row, not spectacularly, but at
least it was on the right side of the legier.
(01:30):
Its friend, the services sector was not faring so well.
Services is a massive chunk of our economy. The services
number was out late yesterday. It's down down another four
points to forty four. Fifty is neutral, fifty one is growing.
The long term average is fifty three, so forty four
is not good. Add two and two together. Services and
manufacturing now both shrinking. As one economist said, it shows
(01:52):
a country that has one hit a brick wall their words,
not mine, and two an economy you're ready, an economy
in recession, which makes sadly the GDP figure out this
week for Q one redundant.
Speaker 1 (02:03):
Ah.
Speaker 2 (02:03):
Those were the days, ah, the glory days of growth
in summer, because by the time April arrived, we're packed up,
gone home and sunk into a funk. As we said
the other day when Christian Hawksby was on the show,
you can't tell us that the country is fine as
long as the farmers are fine. But that's the problem
with the Reserve Bank. Mandate. Inflation is their obsession. As
long it is as it's in that magical one to
three band, which it is, they don't care. But guess
(02:26):
what you can get low inflation by doing nothing. When
nothing works, inflation tends to be stagnant. That seems to
be about where we are at the moment. It's a
vicious cycle. And services spending is down. Consumer confidence is down.
When confidence is down, spending is down. Run and around
we go. What helps that? I hear you ask well,
to drop in interest rates as the answer. The cash
rate debate is back on. I think it's going to
(02:48):
be neutral two point five. It might even be lower. Actually,
who knows, But the Reserve Bank have it at three.
Banks argue it could be about two seven five. If
the Reserve Bank was right, services wouldn't be at forty four.
In manufacturing of forty seven, They say, oh, hold on,
it takes time. It'll all flow through, will it. I
don't think so. Christian said. The Monetary Policy Committee, before
(03:10):
their last decision, had spent a week locked in a room,
and I think that's the problem. Try the real world.
It's different to a room and a spreadsheet.
Speaker 4 (03:18):
Yeah, you can count on Mike, you can can always
count on him to find a silver lining behind every
dark cloud, but also to find a dark cloud behind
every silver lining.
Speaker 3 (03:26):
Talk about fear and balance rewrapped right.
Speaker 4 (03:29):
If you were wondering how Australians have ranked the world.
Speaker 3 (03:36):
Leaders, yes you have. You have me wondering, haven't you? Anyway,
Mike's except for you apparently.
Speaker 2 (03:42):
So the Lower Institute, the aforementioned is interesting because they've
done this for four In fact, they've been doing it
for twenty years, and they regard them. So the Lower
Institute in general is very authoritative, but this particular piece
of work they do, they claim is world leading. So
the world leader that Australians feel most confident to do
the right thing regarding foreign affairs as who. So it's
an annual poll, as I say, been running for more
(04:05):
than two decades. Sixty three percent of respondents had either
some confidence or a lot of confidence in Christoph Luxen.
Top of the field. Following Luxen is Emanuel Macron at
sixty one percent Albanzi at sixty ironic that they mark
him down having re elected him with the sort of
alacrity they did Ashba in Jebet. Would you even know
(04:28):
if I rang you up. Let's be honest. If I
rang you up and said, so, this is Sheba Blake,
how's he doing in Japan? I mean, honestly, could you
give it? And this is no insult to you or
indeed me, I would.
Speaker 3 (04:39):
Struggle to be an insult to Australians.
Speaker 2 (04:41):
Yeah, so as sheep. First of all, if you rang
your average Australian and said, one, tell me who the
Prime Minister of Japan is, you wouldn't know because that
changes every thirty seconds the way they're going at the moment. Anyway,
So I.
Speaker 3 (04:52):
Reckon you can make the same argument about LUXM, couldn't you?
Speaker 1 (04:55):
You?
Speaker 2 (04:55):
Probably could you honestly with any level hand on heart
of detail. I could personally because I'm a nude and
I follow this stuff. On alban Ezi, I could tell
you what he's doing, But most people couldn't tell you
what Elbanese is doing. He won the election. You know
who he is. He seems like a half decent bloke.
Speaker 3 (05:12):
Well you know that his name's Elbow. You don't know
what it's short for exactly.
Speaker 2 (05:15):
And also you know some people in Queensland and they're
pretty happy because the bee is cheap in the sunshine,
so it must be good. I mean that's where it's beginning,
middle and end, isn't it anyway? Starmer fifty nine but
lux and no one loves Luxe more than the Australians
bottom of the pile. Come John Ulm. But I mean
that's an easy score, isn't it? Four percent? They claim
they fixed that boat the other day. Do you believe that?
You see in North Korea? So they launched a boat's sideways.
(05:38):
It's a thing. I'd never seen it, but it's a thing.
So you launch a boat, I thought just straight in
the obvious way, but they launched it sideways and it
fell over and this was embarrassing. They had aerial footage
of this. They now claim they've rip the ship and
they fixed it. I don't believe it, but be that
as it may. Putin ate Jijingping sixteen and Trump twenty five.
But so before you get all luxified about it, and
(06:00):
now Chris is fantastic. Two years ago Hipkins was leading
the poll.
Speaker 3 (06:06):
I rest my case.
Speaker 4 (06:07):
Lux I do like the word luck though, and I'm
going to use it more every day conversation.
Speaker 3 (06:10):
Yeah, don't you wish things were more luxified?
Speaker 4 (06:14):
Saying to each other in Australia, we need to start
saying frickin' more and scraping.
Speaker 3 (06:18):
Barnacles off things.
Speaker 4 (06:19):
Rewrap.
Speaker 3 (06:20):
I'm not sure how laxified Nico Fortiers is.
Speaker 4 (06:23):
Maybe he's going to get into politics now that he's
not skiing upside down.
Speaker 2 (06:27):
Last week, when Shawn Johnson was in the studio, we
were discussing retirement, not mine, but that's a growing fascination
to me these days. I can tell you when do
you know? I mean, when do you know? If you're
not getting canceled or run out of town or falling apart,
how do you know? John Key famously had nothing left
in the tank. Remember that Johnson was explaining it was
important for him to go out when he decided, not
(06:48):
when he got dropped. The television stuff he does nowadays
was something he was interested in, but he didn't know
how that was going to unfold. And Johnson at thirty
four seemed young enough to me anyway. So then I
look at people like Tom Brady in his mid forties.
One more season, one more chance at greatness, goes out
a hero with another Super Bowl win. I look at
Aaron Rodgers. If you follow the NFL. He's just signed
with the burg Steelers this year. Looks like he's gone
(07:10):
a season two long. Looks like he's looking for work
when he should really be looking for life after football.
Maybe the season will make a fool of meat, but
I doubt it. But all of that pales when it
comes to Nico Portius. He's walking away from his snowsport
career at twenty three. He doesn't want to use the
word retirement, but equally he won't be at the Olympics
anymore as our most successfull ever sport exponent or snow exponent.
(07:32):
It's over. He also doesn't know what he's going to
do or what his future looks like, but he's enjoyed,
apparently videos and video production, so maybe there's a pathway there.
How do you decide that at twenty three? I mean,
how do you know that's right? Who advises you and
how do you know they're right? Having spent your entire
life aiming for the one big thing sporting excellence, how
do you pull that cord when you have if you want,
(07:53):
years to go? Are you one of those people who
can walk away from that level of exhilaration and success
and not look back? I mean, is that part of
the thrill, not knowing what's ahead? Will you keep the
scrap book of memories? Will you tell your kids or
grandkids about the half pipe when they ask car come
dad can do flips on skis when they first go
to Kadrona as a family. What a big call? How
so much ahead of him? Or was what he did plenty?
(08:16):
Is that a good way to see life? I mean,
I admire him personally. Is he reckless? Could be? Maybe
he's an insightful genius. Either way, I admire him. At
twenty three, I would have tortured myself and probably still
wouldn't have done what he's done.
Speaker 3 (08:28):
It was interesting We had Nico on a little bit
later on in the show.
Speaker 4 (08:33):
And it was interesting hearing him go through all the
reasons why he'd decided that enough was enough for him,
and you sort of yeah, you mean, ah, yeah, yeah,
that all makes sense. And then I was then reminded
of when we last time we had Dame Lisa Carrington
who still hasn't caught it a day and just keep
seems to be going from strength to strength, And when
(08:55):
she talks about why she keeps doing it, you sit there.
Speaker 3 (08:59):
Going a Yeah, that makes sense. Interesting, isn't it.
Speaker 4 (09:02):
I thought it was interesting, although I've gone on quite
a long time about it now and that's probably made
it less interesting.
Speaker 3 (09:08):
And it actually was the rerap Now, if.
Speaker 4 (09:11):
You've been wondering what Stickman's up to, he's been building
a supermarket and Rolleston.
Speaker 2 (09:17):
I do have some good economic news for you this morning.
I'm very happy to be able to inform you that
pack and Save Rolliston. Rollston is the center of the world.
It's part of the Selwyn district. Selwyn is the center
of the regional world. Packinsab which is the biggest retail
outlet in the South Island eighty one hundred square meters,
so she's massive. Is going to be built under cost,
(09:38):
under fifty million dollars and it's going to be opened
two months early. So all of this businesses. We can't
build anything in this country and it blows out forever
and it takes way longer than you thought. Not so
not so pack and say Rolliston came in early Cayman cheap.
Speaker 4 (09:52):
I mean that is classic stick Man, isn't it coming
in under budget and ahead of schedule. The advertising campaign
rides itself, doesn't it.
Speaker 2 (10:05):
The rerap.
Speaker 4 (10:06):
We're going to finish up here with some recon viewing.
So it's something I recommended to Mike and now he's
recommending it to you.
Speaker 3 (10:14):
This, howly ever happens.
Speaker 2 (10:15):
Yeah, Department Q. I thought initially I thought too Scottish,
too dark, too grizzly, too miserable. Change my mind. It's
not slow Horses, but it's slow Horses esque with blood.
So if you don't like Grizzly, don't worry about it.
Guy Richie esque in that. Do you see a lot
of heads smacked with blood exploding out of them? You
(10:36):
see a lot of that. A lot of Scotland's miserable,
Isn't It just looks miserable anyway? It's got vibes of
another series, hasn't It could go forever? Was my summation
at the end of it. It's established enough characters and
giving you enough leads to think that maybe there's more
where that came from. But if you've got nothing else
on the long weekend department queue. It's on Netflix.
Speaker 4 (10:57):
A lot of people say that Matthew Good, who's the
star of it, carries it, and I think they are
being racist when they say that, because he's the only
one who wasn't Scottish in it, so you can actually
understand what he says. But yes, it's a real page turner.
They's got all the elements you need. It's got your
quirky characters, your funny sidekick, somebody trapped in a decompression chamber,
(11:26):
you know, all the all the usual things. I am
a Glenn Hart. I'll be back with some more usual
things for you tomorrow. Might slip a few unusual ones
in there as well.
Speaker 3 (11:35):
You never can tell with me. See you then, stay.
Speaker 1 (11:38):
Lucksified for more from News Talks B listen live on
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