Mike's Minute: The Investment Summit looks like a winner

I suppose technically it is only halfway through, with today still to go, but the Investment Summit looked good to me on day one. 

There seems no doubt that a lot of people with a lot of money turned up and some of them spoke of their desire to bid for projects. 

The Prime Minister, who needs some runs, I think has some and he hasn’t even left for India. 

His pitch that we are a shelter from the storm was smart. He looked like he had done this before. Perhaps we are seeing a little bit of what all the other delegates on the international sojourns see - that this is what he does well. 

He networks, he presses flesh, he pumps ideas, and he has a plan. 

Nothing specific as in “sign on the dotted line” or "write a cheque here and now” will come out of this. 

But already you can see, given the thing is oversubscribed, that the Prime Minister is right - the world is awash with cash, and they are keen to invest. 

$6 trillion is a stunning amount of money and if only a small chunk of it comes our way, and if only a tiny slice builds some roads or future proofs some infrastructure, this will have all been worth it. 

Eventually the proof will be in the pudding. Someone needs a signing ceremony and maybe a spade or two to be stuck in some ground. 

But I got the sense, as a frustrated punter, that it is these sorts of days and events that make us look like we might be on some sort of path back. 

We looked a bit professional and interested and that we might just have some decent adults about the place looking to put our stake in the global game and bring the world, so long locked out of this place, back into the room. 

If Luxon leaves this and can come back with something tangible post India, then it may well be we feel things are starting to roll. 

As I have said many times, it is hard to overstate the economic carnage they were handed and it's still far from over. 

The immigration numbers just yesterday reminded us of this. No, they are not leaving in the numbers they once did, but they are still leaving, and the arrivals are slowing as well. 

Fewer people means less economic activity. But you fix all that with reputation - a reputation of a rock star, of a success story or of a go-getter. 

Yesterday, and hopefully today, it looks like they are part of that bigger success story. 

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Episode Transcript

Speaker 1 (00:00):
I suppose technically it is only halfway through, I mean
today still to go. But this investment summit it look
good to me day one. There seems no doubt that
one a lot of people with a lot of money
turned up, and two some of them spoke of their
desire to bid for projects. Now the Prime Minister, who
needs some runs on the board, of course, I think,
has some out of this. And he hasn't even left
for India. His pitch that we are a shelter from

(00:20):
the storm, that was smart. He looked like he'd done
this before. Perhaps we are seeing a little bit of
what all those other delegates on the international sojourn see.
This is what he does well. He networks, He presses
fleshy pumps ideas, he has a plan, nothing specific, as
in sign on the dotted line writer check here and
now will come out of this, of course, But already
you can see, given the thing is over subscribed, that

(00:40):
the Prime Minister is right. The world is a wash
with cash and they are keen to invest. Six trillion
is a stunning amount of money. And if only a
small chunk of it comes our way, and if only
a tiny slice build some roads or future proof some infrastructure.
This will have been well worth it. Obviously, Eventually the
proof will be in the pudding. Someone needs a signing,
ceremony and spat or two to be stuck in the ground.

(01:01):
But I got the sense, as a frustrated punter, observer, voter, whatever,
that it's these sort of days and these sort of
events that make us look like we might be on
some sort of path back, that we looked a little
bit professional and interested, that we might just have some
decent adults about the place looking to put our stake
in the global game and bring the world so long
locked out of this place back into the room. If

(01:24):
Luxon leaves this and can come back with something tangible
next week from India, then it may well be we
feel things are starting to roll. As I've said many
many times, it is hard to overstate the economic carnage
they were handed, and it's still far from over. I mean,
the immigration numbers just yesterday reminded us of this. No,
they're not leaving in the numbers they once did, but
they are still leaving, and the arrivals are slowing as well.

(01:46):
Fewer people means less economic activity. But you fix all
that with reputation, A reputation of a rock star, of
a success story, of a go getter. Yesterday and hopefully
today look like they are part of that bigger Sexy
Says story. For more from the Mic Asking Breakfast, listen
live to News Talks at B from six am weekdays,

(02:06):
or follow the podcast on iHeartRadio