March 11, 2026 • 12 mins
THE BEST BITS IN A SILLIER PACKAGE (from Thursday's Mike Hosking Breakfast) Does Anyone Know What's Happening Here?/Reality Calling/The House Thing Is a Thing/How the War Affects Me Personally
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Speaker 1 (00:09):
You're listening to a podcast from News Talk SEDB. Follow
this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:24):
The Rewrap.
Speaker 3 (00:25):
Okay there, welcome to the Rewrap for Thursday. All the best,
but it's from the my casking breakfast on News Talks B.
Then a silly a package. I am Glen Hut and today. Yes,
what this latest COVID inquiry thing shows is that, Wow,
it was a complete cluster housing and our love of housing.
(00:47):
We'll get back into that. And airfares are they're only
going in one direction at the moment, and part of
that is due to well oil.
Speaker 4 (00:55):
Yeah, we got counter narratives of course, the ia IA
four hundred million barrels. That indicates to me, and that's
why the price is up this morning. That indicates to me.
They don't think the wall's over soon, but Trump says
the war is over soon.
Speaker 2 (01:07):
They've lighted their navy, they've lost their air for us.
They have no anti aircraft apparatus at all, they have
no radar, Their leaders are gone, and we could do
a lot worse. We're leaving certain things that if we
take them out, or we could take them out by
(01:27):
this afternoon. In fact, within an hour, they literally would
never be able to build that country.
Speaker 4 (01:33):
Right, Yeah, So four hundred million barrels a lot of barrels.
We by the way, our members of the IEA have
been since the seventies, four hundred million is the biggest
injection ever. But what it indicates and why the price
of oil is up, is because they don't believe a
word Trump's saying. So while Trump is telling you it
could be over in an hour or this afternoon, you
don't put four hundred million barrels into the global market
(01:55):
if you believe it's over this afternoon. Equally, here's the
next problem. So very good piece I read yesterday that
said none of this is going to make any difference
because four hundred million barrels. How long does that lasting answers?
Four days? We do one hundred million barrels a day.
So as for all your renewable energy freaks saying this
is the answer, it's not. We're doing one hundred million
barrels a day. So four hundred million barrels, biggest injection
(02:17):
in the history of the IEA. That's four days worth.
So what does that solve? Answer? Nothing?
Speaker 3 (02:22):
Breathaking, isn't it when you hear those statistics like, you know,
a barrel of oil, no hatch, oil adders, and then
for all those millions every day we're just using it.
Everything's fine, dies, everything's fine.
Speaker 1 (02:39):
It's a rewrap.
Speaker 3 (02:40):
That's why all eyes should be on Cag obviously, you
know Cag.
Speaker 4 (02:45):
Fascinating thing I read about the war yesterday. A little island,
tiny little island of carg Khig. And Donald Trump knew
about the island of Carg back in nineteen eighty eight
because he was giving an interview to the Guardian and
this came sort of to people's attention back in nineteen
seventy eighty nine in the US hostage crisis. He had
a book out at the time, and he was talking
(03:06):
to the Guardian about spreaking his book, and he said,
if I was I may one day, remembering this back
in the eighties, I may one day run for president.
And if I was president, I got into trouble in
that part of the world, I'd go for Kag.
Speaker 3 (03:19):
Now.
Speaker 4 (03:20):
Kag is fifteen miles off Iran's Persian Gulf coastline. It's
less than half the size of Manhattan, but it is
the home of Iran's main oil export terminal. Ninety four
percent of crude oil that it sells offshore is loaded
onto super tankers on KAG. You get CARG, you cripple Iran.
(03:43):
CARG to this point hasn't been touched. Why not? Has
he forgotten about it? Has somebody mentioned you remember carg
Donald Anyway, watch this space if that blows up in
the next couple of days.
Speaker 3 (03:56):
Another interesting one to take note of. And I only
knew this because I had a talk back caller rang
up in a panic that's a beverage on the mid
Dawn show overnight, and it was in the middle of
a bunch of other panic cause there must be full moon.
That always affects the state of mind of the cause
(04:17):
to the talk back in the middle of the night.
But we're talking about all the radar sites and communication
sites that US used to have in the Middle East
that Iran has quite effectively blown up. And Tim looked
it up at the time and found that that was
(04:39):
actually completely correct, and I have since looked it up
as well. So yeah, it turns out they might be
flying a little blind the US, which is not that
encouraging rewrapped equally unencouraging here in Zealand is some of
the findings in this latest COVID report. It seems like
(05:03):
kevinet got a bit sort of lockdown happy and jab happy,
a little bit a peppy as well, not really paying
too much attention to what the you know, the health
experts had to say.
Speaker 4 (05:15):
Yes COVID inquiry questioned six the House of Parliament Question
time yesterday. Look it up Winston Peters to Simeon Brown,
the mandate for twelve to seventeen year olds and the
double dose of the vaccine. Have a look at what
happened to fascinating exchange Tuesday, Chris Hapkinzasha Viral denied the
concerns raised by the Ministry of Health ever reached their desk.
Peter's presented evidence it did, and even after it did,
(05:36):
it took a very long time for anything to be
done about it. So a couple of issues out of that. Firstly,
it is potentially a misleading of the House, a very
serious issue. More importantly, it's a misleading of us. Now
there's a little more egregious for a number of New Zealanders
out of the COVID experience than the vaccine issues. Sadly,
a lot of the noise around it was tin hat
material driven by Ouiji board thinking, but some of it
not much, but some of it was real. The risks
(05:59):
became a lightning rot. All vaccines carry risk, of course,
but concerns were raised about rush development and then making
that risk higher mandating of that rush development into the
arms of New Zealanders. Also making this complicated is the
line between politics and health, politics and expertise. Now, the
government has a right to ignore advice, they do it
all the time. But can you ignore health advice an
(06:19):
area that you are not expert in?
Speaker 3 (06:22):
Now?
Speaker 4 (06:22):
Part of what Peter's raised that may well be or
have a long determ issue is legal. Is there a
case to be heard whereby a government knew of a
problem around a vaccine and yet did nothing with that
knowledge until later meantime, any number of young people were
exposed to a risk that they didn't have to be
associated with. The stance is the broader but not legal
(06:43):
aspect of this. If that is the sort of approach
a government can take, then how does that dovetail with
the overarching view that governments want vaccine rates in the
high nineties. In other words, they want public trust. A
lot of the COVID response and report, of course, is
about interpretation and ideology. This appears much more specific, worrying
and potentially dishonest.
Speaker 3 (07:04):
So watch this space, yeah, Chris hop consider to watch
himself or here find that he's out of a job.
You sort of are out of a job when you're
in the opposite, aren't you. You're trying to get your
job back. Yeah, that way.
Speaker 2 (07:17):
The rewrap.
Speaker 3 (07:20):
House prices first time buyers that their whole thing sort
of keeps bubbling along, doesn't it, And these turbulent.
Speaker 4 (07:30):
Times good news on housing one. It is still a
buyer's market and to a good chunk of the buyers
the first time is now. It's the debate we should
at least acknowledge that has been for now partially solved.
Not long ago, you might remember, we were where Australia
currently is. Young people could not afford a house, and
with plenty of emotion, it was suggested they never would.
That wasn't actually factorially true then, and it most certainly
(07:51):
isn't now. What is helping is a couple of things. One,
the slow rise of prices as we move out of
the recession into recovery. The capacity for the wider economy
to grow without major house price increases is actually a
good debate or question, but one for another day right
now though too. The other thing that's working is lending.
There's a lot of it for first time. Is money
attached to small deposits is booming. The reason that's happening
(08:14):
is because the Reserve Bank loosened the debt to income
rules as well as the LDR, so with less than
twenty percent you can get into a home. Australia they've
got a better system. The government backs some people into
homes with five percent. It's income related, yes, And in
Australia there is an attached argument around price increases given
they aren't building homes and immigrations booming. But here we
don't have those problems sadly. But of the two problems
(08:36):
young people face one deposit two the price of a
house and therefore the mortgage, it's the deposit that's the
biggest hurdle. I mean, twenty percent of eight hundred thousand
dollars is one hundred and sixty grand. Saving that sort
of money is ruinous to dreams. So the sooner we
get past that as a hurdle, the better a mortgage
can be managed. But what is most important about all
of this is the indisputable truth that housing is a
(08:58):
key we dreams, if not an obsession. A house is
a retirement plan. The arguments around putting your money elsewhere,
spreading the load, spreading the basket, all of that it
falls largely rightly or wrongly on deaf he is. If
I had my way, five percent would be the key
ten max. If young people have been locked out of housing,
it's not the price that's been the killer. It's been
the deposit. The Reserve Bank rules have been yet again
(09:20):
another of their mistakes. These new stats hopefully are partial rectification.
Speaker 3 (09:25):
I know I've mentioned this before, so this is definitely
not a humble brag. It's just a brag. But I
am old enough and got married and sort of my
life out early enough in life that I no longer
have a mortgage, and so I just remained blissfully distanced
(09:49):
from these discussions these days, no real plans to change
houses or buy a house of any kind or sell
one for that manner. The moment oh so great listening
to other people talk about it. We know that it
doesn't affect me, so rerat tell you what it does
affect me those bloody war So we're going to go
(10:10):
back to where we started sort of, because we started
talking about oil and fuel costs and things like that,
and it means that, you know, in his illiness had
to put the prices up. But they're not the only ones, guys.
Speaker 4 (10:22):
A couple of airfares for you Australia. This is out
of Australia yesterday. Australia to Europe at the moment, so
you can get Turkish airlines. We'll give you Sydney to
Paris next week five and a half thousand one way
in economy Singapore, they've only got premium left. So if
(10:42):
you want to get to London next week on Singapore
sixty two one hundred dollars quantus to London next week
twenty four hundred one way, so you go not bad,
which it isn't, but you've got to fly via joe Bergen.
It'll take you thirty hours Sydney to Frankfurt economy with
Singapore eleven thousand dollars LA woman he was talking to
(11:07):
the guy who wrote this. This woman he was talking
to wanted to go La via lay to Europe. She
wanted to use her velocity frequent flyer miles, she would
have needed one point nine million of them, she didn't
have any, So it's unbelievable what's going And of course
the famous story that floated around yesterday forty thousand dollars
for the business class by wrote Cafe Pacific via Hong Kong.
(11:30):
So she's an interesting time.
Speaker 3 (11:31):
Yeah, so you might have heard me mention ad nausea
how the plan is for mister Hart and the domestic
manager to go off on their dream trip for their
thirtieth wedding anniversary, which involves flying through Dubai in May,
(11:52):
and the various qualms we've had about that since this
latest military conflict in the Middle East broke out. And yeah,
so the current theory is that we keep the tickets
that we've got because it might be all sorted out
by then, and then if not, then if the flight's canceled,
(12:14):
then we'll get our money back from those tickets, of course,
because they can't just cancel your flight. But then in
the meantime, if it's still looking dodgy, do we buy
fully refundable tickets which are the very eye wateringly expensive,
but at least you can hand those back if you
don't need them. It still ends up costing a lot
(12:36):
of money, though, doesn't it. I'm beginning to think they're
getting married was a mistake. See how the war fix you,
maybe question my marriage.
Speaker 2 (12:47):
It's even.
Speaker 1 (12:55):
For more from news talks that'd be Listen live on
air or online, and keep our shows with you wherever
you go with our podcasts on iHeartRadio.
You're listening to a podcast from News Talk SEDB. Follow
this and our wide range of podcasts now on iHeartRadio.
Speaker 2 (00:24):
The Rewrap.
Speaker 3 (00:25):
Okay there, welcome to the Rewrap for Thursday. All the best,
but it's from the my casking breakfast on News Talks B.
Then a silly a package. I am Glen Hut and today. Yes,
what this latest COVID inquiry thing shows is that, Wow,
it was a complete cluster housing and our love of housing.
(00:47):
We'll get back into that. And airfares are they're only
going in one direction at the moment, and part of
that is due to well oil.
Speaker 4 (00:55):
Yeah, we got counter narratives of course, the ia IA
four hundred million barrels. That indicates to me, and that's
why the price is up this morning. That indicates to me.
They don't think the wall's over soon, but Trump says
the war is over soon.
Speaker 2 (01:07):
They've lighted their navy, they've lost their air for us.
They have no anti aircraft apparatus at all, they have
no radar, Their leaders are gone, and we could do
a lot worse. We're leaving certain things that if we
take them out, or we could take them out by
(01:27):
this afternoon. In fact, within an hour, they literally would
never be able to build that country.
Speaker 4 (01:33):
Right, Yeah, So four hundred million barrels a lot of barrels.
We by the way, our members of the IEA have
been since the seventies, four hundred million is the biggest
injection ever. But what it indicates and why the price
of oil is up, is because they don't believe a
word Trump's saying. So while Trump is telling you it
could be over in an hour or this afternoon, you
don't put four hundred million barrels into the global market
(01:55):
if you believe it's over this afternoon. Equally, here's the
next problem. So very good piece I read yesterday that
said none of this is going to make any difference
because four hundred million barrels. How long does that lasting answers?
Four days? We do one hundred million barrels a day.
So as for all your renewable energy freaks saying this
is the answer, it's not. We're doing one hundred million
barrels a day. So four hundred million barrels, biggest injection
(02:17):
in the history of the IEA. That's four days worth.
So what does that solve? Answer? Nothing?
Speaker 3 (02:22):
Breathaking, isn't it when you hear those statistics like, you know,
a barrel of oil, no hatch, oil adders, and then
for all those millions every day we're just using it.
Everything's fine, dies, everything's fine.
Speaker 1 (02:39):
It's a rewrap.
Speaker 3 (02:40):
That's why all eyes should be on Cag obviously, you
know Cag.
Speaker 4 (02:45):
Fascinating thing I read about the war yesterday. A little island,
tiny little island of carg Khig. And Donald Trump knew
about the island of Carg back in nineteen eighty eight
because he was giving an interview to the Guardian and
this came sort of to people's attention back in nineteen
seventy eighty nine in the US hostage crisis. He had
a book out at the time, and he was talking
(03:06):
to the Guardian about spreaking his book, and he said,
if I was I may one day, remembering this back
in the eighties, I may one day run for president.
And if I was president, I got into trouble in
that part of the world, I'd go for Kag.
Speaker 3 (03:19):
Now.
Speaker 4 (03:20):
Kag is fifteen miles off Iran's Persian Gulf coastline. It's
less than half the size of Manhattan, but it is
the home of Iran's main oil export terminal. Ninety four
percent of crude oil that it sells offshore is loaded
onto super tankers on KAG. You get CARG, you cripple Iran.
(03:43):
CARG to this point hasn't been touched. Why not? Has
he forgotten about it? Has somebody mentioned you remember carg
Donald Anyway, watch this space if that blows up in
the next couple of days.
Speaker 3 (03:56):
Another interesting one to take note of. And I only
knew this because I had a talk back caller rang
up in a panic that's a beverage on the mid
Dawn show overnight, and it was in the middle of
a bunch of other panic cause there must be full moon.
That always affects the state of mind of the cause
(04:17):
to the talk back in the middle of the night.
But we're talking about all the radar sites and communication
sites that US used to have in the Middle East
that Iran has quite effectively blown up. And Tim looked
it up at the time and found that that was
(04:39):
actually completely correct, and I have since looked it up
as well. So yeah, it turns out they might be
flying a little blind the US, which is not that
encouraging rewrapped equally unencouraging here in Zealand is some of
the findings in this latest COVID report. It seems like
(05:03):
kevinet got a bit sort of lockdown happy and jab happy,
a little bit a peppy as well, not really paying
too much attention to what the you know, the health
experts had to say.
Speaker 4 (05:15):
Yes COVID inquiry questioned six the House of Parliament Question
time yesterday. Look it up Winston Peters to Simeon Brown,
the mandate for twelve to seventeen year olds and the
double dose of the vaccine. Have a look at what
happened to fascinating exchange Tuesday, Chris Hapkinzasha Viral denied the
concerns raised by the Ministry of Health ever reached their desk.
Peter's presented evidence it did, and even after it did,
(05:36):
it took a very long time for anything to be
done about it. So a couple of issues out of that. Firstly,
it is potentially a misleading of the House, a very
serious issue. More importantly, it's a misleading of us. Now
there's a little more egregious for a number of New Zealanders
out of the COVID experience than the vaccine issues. Sadly,
a lot of the noise around it was tin hat
material driven by Ouiji board thinking, but some of it
not much, but some of it was real. The risks
(05:59):
became a lightning rot. All vaccines carry risk, of course,
but concerns were raised about rush development and then making
that risk higher mandating of that rush development into the
arms of New Zealanders. Also making this complicated is the
line between politics and health, politics and expertise. Now, the
government has a right to ignore advice, they do it
all the time. But can you ignore health advice an
(06:19):
area that you are not expert in?
Speaker 3 (06:22):
Now?
Speaker 4 (06:22):
Part of what Peter's raised that may well be or
have a long determ issue is legal. Is there a
case to be heard whereby a government knew of a
problem around a vaccine and yet did nothing with that
knowledge until later meantime, any number of young people were
exposed to a risk that they didn't have to be
associated with. The stance is the broader but not legal
(06:43):
aspect of this. If that is the sort of approach
a government can take, then how does that dovetail with
the overarching view that governments want vaccine rates in the
high nineties. In other words, they want public trust. A
lot of the COVID response and report, of course, is
about interpretation and ideology. This appears much more specific, worrying
and potentially dishonest.
Speaker 3 (07:04):
So watch this space, yeah, Chris hop consider to watch
himself or here find that he's out of a job.
You sort of are out of a job when you're
in the opposite, aren't you. You're trying to get your
job back. Yeah, that way.
Speaker 2 (07:17):
The rewrap.
Speaker 3 (07:20):
House prices first time buyers that their whole thing sort
of keeps bubbling along, doesn't it, And these turbulent.
Speaker 4 (07:30):
Times good news on housing one. It is still a
buyer's market and to a good chunk of the buyers
the first time is now. It's the debate we should
at least acknowledge that has been for now partially solved.
Not long ago, you might remember, we were where Australia
currently is. Young people could not afford a house, and
with plenty of emotion, it was suggested they never would.
That wasn't actually factorially true then, and it most certainly
(07:51):
isn't now. What is helping is a couple of things. One,
the slow rise of prices as we move out of
the recession into recovery. The capacity for the wider economy
to grow without major house price increases is actually a
good debate or question, but one for another day right
now though too. The other thing that's working is lending.
There's a lot of it for first time. Is money
attached to small deposits is booming. The reason that's happening
(08:14):
is because the Reserve Bank loosened the debt to income
rules as well as the LDR, so with less than
twenty percent you can get into a home. Australia they've
got a better system. The government backs some people into
homes with five percent. It's income related, yes, And in
Australia there is an attached argument around price increases given
they aren't building homes and immigrations booming. But here we
don't have those problems sadly. But of the two problems
(08:36):
young people face one deposit two the price of a
house and therefore the mortgage, it's the deposit that's the
biggest hurdle. I mean, twenty percent of eight hundred thousand
dollars is one hundred and sixty grand. Saving that sort
of money is ruinous to dreams. So the sooner we
get past that as a hurdle, the better a mortgage
can be managed. But what is most important about all
of this is the indisputable truth that housing is a
(08:58):
key we dreams, if not an obsession. A house is
a retirement plan. The arguments around putting your money elsewhere,
spreading the load, spreading the basket, all of that it
falls largely rightly or wrongly on deaf he is. If
I had my way, five percent would be the key
ten max. If young people have been locked out of housing,
it's not the price that's been the killer. It's been
the deposit. The Reserve Bank rules have been yet again
(09:20):
another of their mistakes. These new stats hopefully are partial rectification.
Speaker 3 (09:25):
I know I've mentioned this before, so this is definitely
not a humble brag. It's just a brag. But I
am old enough and got married and sort of my
life out early enough in life that I no longer
have a mortgage, and so I just remained blissfully distanced
(09:49):
from these discussions these days, no real plans to change
houses or buy a house of any kind or sell
one for that manner. The moment oh so great listening
to other people talk about it. We know that it
doesn't affect me, so rerat tell you what it does
affect me those bloody war So we're going to go
(10:10):
back to where we started sort of, because we started
talking about oil and fuel costs and things like that,
and it means that, you know, in his illiness had
to put the prices up. But they're not the only ones, guys.
Speaker 4 (10:22):
A couple of airfares for you Australia. This is out
of Australia yesterday. Australia to Europe at the moment, so
you can get Turkish airlines. We'll give you Sydney to
Paris next week five and a half thousand one way
in economy Singapore, they've only got premium left. So if
(10:42):
you want to get to London next week on Singapore
sixty two one hundred dollars quantus to London next week
twenty four hundred one way, so you go not bad,
which it isn't, but you've got to fly via joe Bergen.
It'll take you thirty hours Sydney to Frankfurt economy with
Singapore eleven thousand dollars LA woman he was talking to
(11:07):
the guy who wrote this. This woman he was talking
to wanted to go La via lay to Europe. She
wanted to use her velocity frequent flyer miles, she would
have needed one point nine million of them, she didn't
have any, So it's unbelievable what's going And of course
the famous story that floated around yesterday forty thousand dollars
for the business class by wrote Cafe Pacific via Hong Kong.
(11:30):
So she's an interesting time.
Speaker 3 (11:31):
Yeah, so you might have heard me mention ad nausea
how the plan is for mister Hart and the domestic
manager to go off on their dream trip for their
thirtieth wedding anniversary, which involves flying through Dubai in May,
(11:52):
and the various qualms we've had about that since this
latest military conflict in the Middle East broke out. And yeah,
so the current theory is that we keep the tickets
that we've got because it might be all sorted out
by then, and then if not, then if the flight's canceled,
(12:14):
then we'll get our money back from those tickets, of course,
because they can't just cancel your flight. But then in
the meantime, if it's still looking dodgy, do we buy
fully refundable tickets which are the very eye wateringly expensive,
but at least you can hand those back if you
don't need them. It still ends up costing a lot
(12:36):
of money, though, doesn't it. I'm beginning to think they're
getting married was a mistake. See how the war fix you,
maybe question my marriage.
Speaker 2 (12:47):
It's even.
Speaker 1 (12:55):
For more from news talks that'd be Listen live on
air or online, and keep our shows with you wherever
you go with our podcasts on iHeartRadio.
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