1 00:00:06,280 --> 00:00:09,000 Speaker 1: This is the Saturday edition of Fear and Greed business 2 00:00:09,039 --> 00:00:11,520 Speaker 1: news you can use. I'm Michael Thompson and good morning, 3 00:00:11,600 --> 00:00:12,360 Speaker 1: Sean Aylmer. 4 00:00:12,640 --> 00:00:14,880 Speaker 2: Good morning, Michael, Now Sean. 5 00:00:15,040 --> 00:00:16,680 Speaker 1: Our Saturday show is all about the two of us, 6 00:00:16,680 --> 00:00:19,640 Speaker 1: each nominating what we think is the biggest business story 7 00:00:19,680 --> 00:00:23,079 Speaker 1: of the week, the most remarkable business story, a mystery 8 00:00:23,120 --> 00:00:26,240 Speaker 1: category that we change every week, and then our favorite story. 9 00:00:26,360 --> 00:00:28,720 Speaker 1: It is a competition, so it's very different to the 10 00:00:28,720 --> 00:00:31,600 Speaker 1: weekday show, and we are joined every week by a 11 00:00:31,680 --> 00:00:34,839 Speaker 1: judged pick a winner, and as always that judges our 12 00:00:34,880 --> 00:00:38,760 Speaker 1: Fear and Greed friend and colleague Adam Lang Adam, good morning. 13 00:00:39,080 --> 00:00:40,880 Speaker 3: Hello, Michael, Hello, Sean. 14 00:00:41,200 --> 00:00:43,960 Speaker 2: Hello Mike, Michael, Hello Adam. 15 00:00:44,320 --> 00:00:46,640 Speaker 1: It's a strong tide back. 16 00:00:48,640 --> 00:00:52,599 Speaker 2: Two weeks back properly in the show, and Mike and 17 00:00:52,640 --> 00:00:54,080 Speaker 2: I we've been seeing a lot of each other. 18 00:00:54,840 --> 00:00:59,400 Speaker 1: We certainly have. And Adam, for anyone who hasn't listened, 19 00:00:59,400 --> 00:01:01,920 Speaker 1: who might have just othered Fear and Greed over summer, 20 00:01:01,960 --> 00:01:04,240 Speaker 1: they're listening to our summer series of interviews and I 21 00:01:04,280 --> 00:01:08,080 Speaker 1: haven't heard this show before the Saturday edition. This is 22 00:01:08,080 --> 00:01:11,240 Speaker 1: a competition. We are nominating stories, you are judging, and 23 00:01:11,280 --> 00:01:15,240 Speaker 1: you have a very strict set of criteria that are 24 00:01:15,240 --> 00:01:18,720 Speaker 1: strict in name only, not interpret. 25 00:01:18,000 --> 00:01:20,520 Speaker 2: District, instead of criteria that can be totally ignored. 26 00:01:20,959 --> 00:01:27,080 Speaker 3: Correct, Okay, topicality, timeliness, economic impact, a bit of playing 27 00:01:27,120 --> 00:01:29,919 Speaker 3: to my subjective bias, and of course we love some melodrama. 28 00:01:29,959 --> 00:01:32,400 Speaker 3: So all of those factors I'll be using to judge 29 00:01:32,520 --> 00:01:34,120 Speaker 3: which one of your two stories wins. 30 00:01:35,160 --> 00:01:38,880 Speaker 1: Excellent, This is excellent, This is outstanding. If this is 31 00:01:38,880 --> 00:01:42,640 Speaker 1: your first time, strap yourself in, because those criteria are 32 00:01:42,640 --> 00:01:47,199 Speaker 1: about to be disregarded faster than you can say. Saturday Edition, Sure, 33 00:01:47,400 --> 00:01:48,480 Speaker 1: go for it. Bigger story. 34 00:01:48,520 --> 00:01:48,960 Speaker 3: What was it? 35 00:01:49,080 --> 00:01:51,120 Speaker 2: What was certainly the biggest and loudest story of the week, 36 00:01:51,160 --> 00:01:52,920 Speaker 2: though as we sit here on a Saturday morning, I'm 37 00:01:52,960 --> 00:01:55,200 Speaker 2: not sure that anything's really changed from a week ago. 38 00:01:56,000 --> 00:01:59,120 Speaker 2: Started with investors really being spooked by US President Donald 39 00:01:59,120 --> 00:02:02,960 Speaker 2: Trump's insists on owning Greenland. The fears including breaking up 40 00:02:02,960 --> 00:02:06,680 Speaker 2: the NATO Alliance, redoing the post World War II World Order, 41 00:02:07,640 --> 00:02:10,840 Speaker 2: tit for tariffs, feit, things like that, you know, nothing, really. 42 00:02:11,919 --> 00:02:14,560 Speaker 2: Equities were sold off, bonds were sold off, US dollar 43 00:02:14,600 --> 00:02:18,079 Speaker 2: was dumped, a rare triple sell off of assets. How's 44 00:02:18,120 --> 00:02:23,239 Speaker 2: that for a trifecta Adanski called the sell America trade. 45 00:02:23,600 --> 00:02:27,639 Speaker 2: Trump then attended Davos. He gave a you know, he 46 00:02:27,760 --> 00:02:30,120 Speaker 2: insisted that there was no going back on his plan 47 00:02:31,000 --> 00:02:33,640 Speaker 2: and USA and in Greenland was imperative for national and 48 00:02:33,720 --> 00:02:37,320 Speaker 2: world security. He was sticking to his plan to introduce 49 00:02:37,520 --> 00:02:41,040 Speaker 2: tariffs and eighty European countries, prompting the so called trade 50 00:02:41,080 --> 00:02:44,240 Speaker 2: berzooka response from Europe to be considered. That's about one 51 00:02:44,320 --> 00:02:47,760 Speaker 2: hundred billion euros worth of duties on US goods. Then 52 00:02:47,840 --> 00:02:50,560 Speaker 2: suddenly a few global laters started to push back. Canadian 53 00:02:50,600 --> 00:02:54,200 Speaker 2: Prime Minister Mark Carney affirmed Canada's support for Greenland, Denmark 54 00:02:54,200 --> 00:02:56,760 Speaker 2: and the NATO Alliance. He talked about middle powers acting 55 00:02:57,120 --> 00:03:00,560 Speaker 2: together because if we're not at the table, we're on 56 00:03:00,639 --> 00:03:04,040 Speaker 2: the menu. French President Emanual Chrome, complete with a beautiful 57 00:03:04,080 --> 00:03:07,880 Speaker 2: set of AVIATD sunglasses, said the US is consistent threat 58 00:03:08,040 --> 00:03:14,840 Speaker 2: and imposition of tariff's is fundamentally unacceptable. Trump previously had 59 00:03:15,000 --> 00:03:18,120 Speaker 2: exposed all these details of an email exchange between the 60 00:03:18,160 --> 00:03:21,440 Speaker 2: two and very much mocked the French presidents. So this 61 00:03:21,680 --> 00:03:25,240 Speaker 2: was for two or three days, no chance of backing 62 00:03:25,240 --> 00:03:29,160 Speaker 2: down on threats. Then what happened Donald Trump backed down. 63 00:03:29,560 --> 00:03:31,720 Speaker 2: He said the parties involved had reached a framework of 64 00:03:31,760 --> 00:03:34,120 Speaker 2: a future deal, not that anyone who knows what that means. 65 00:03:34,360 --> 00:03:36,240 Speaker 2: I mean, I suppose the impact of all this that 66 00:03:36,360 --> 00:03:38,400 Speaker 2: no one really knows what Donald Trump is doing. And 67 00:03:38,440 --> 00:03:40,400 Speaker 2: that's not being unkind to the man. It's just he's 68 00:03:40,480 --> 00:03:45,920 Speaker 2: negotiating tactics. Markets were all over the place. Massive story 69 00:03:46,000 --> 00:03:47,600 Speaker 2: this week, Michael. 70 00:03:48,280 --> 00:03:50,160 Speaker 1: It was a massive story this week, and that was 71 00:03:50,200 --> 00:03:51,920 Speaker 1: so long that it felt like we just relived it 72 00:03:51,920 --> 00:03:55,640 Speaker 1: in real time. Sean, just week by week, seven days 73 00:03:55,640 --> 00:03:56,800 Speaker 1: worth of story in. 74 00:03:58,720 --> 00:04:02,960 Speaker 2: Abusing me and being cynical doesn't get you points. 75 00:04:03,160 --> 00:04:04,480 Speaker 3: Category for whack. 76 00:04:05,480 --> 00:04:08,400 Speaker 1: Oh no, But I mean you got to start strong 77 00:04:08,560 --> 00:04:13,080 Speaker 1: and considering. Sean started strong in yesterday's Fear and Greed 78 00:04:13,160 --> 00:04:17,080 Speaker 1: episode the Friday Morning Edition with a solid whack against you, Adam, 79 00:04:17,320 --> 00:04:20,560 Speaker 1: when you weren't even there to respond. It was just brutal. 80 00:04:20,680 --> 00:04:24,200 Speaker 2: So anyway, we sometimes think, Adam, when Marca carries on 81 00:04:24,440 --> 00:04:26,760 Speaker 2: like this, his story might not be as good as mine. 82 00:04:27,320 --> 00:04:30,960 Speaker 3: Yes, it's a kind of really under confidence. I think, 83 00:04:31,080 --> 00:04:32,800 Speaker 3: Oh no, come on, Michael, go for it. 84 00:04:32,839 --> 00:04:35,840 Speaker 1: I have never I have never been anything but overconfident. 85 00:04:36,279 --> 00:04:40,560 Speaker 1: A massive week in federal politics. Right. I know that, 86 00:04:40,640 --> 00:04:43,440 Speaker 1: I know that everything that happened with Donald Trump was enormous, 87 00:04:43,440 --> 00:04:45,400 Speaker 1: but if we bring it back to where we live, 88 00:04:45,760 --> 00:04:50,040 Speaker 1: which is in Australia, this just to clarify that this 89 00:04:50,080 --> 00:04:53,200 Speaker 1: has been an enormous week in federal politics, starting with 90 00:04:53,279 --> 00:04:56,280 Speaker 1: Parliament being recalled early to debate the hate speech and 91 00:04:56,360 --> 00:04:59,000 Speaker 1: gun reform. That involved a back down from the Prime 92 00:04:59,000 --> 00:05:01,640 Speaker 1: Minister who had to separate r the two pieces of legislation. 93 00:05:02,080 --> 00:05:05,680 Speaker 1: Eventually that passed late on Tuesday night with the support 94 00:05:05,720 --> 00:05:07,479 Speaker 1: of the Liberal Party. It should have been a good 95 00:05:07,520 --> 00:05:11,480 Speaker 1: moment for Liberal leader Susan Lee because of the negotiations 96 00:05:11,560 --> 00:05:14,359 Speaker 1: over that, but it was not because the Nationals didn't 97 00:05:14,360 --> 00:05:17,039 Speaker 1: want it. They abstained in the lower House, some actually 98 00:05:17,120 --> 00:05:22,080 Speaker 1: voted against it in the Senate, and then the coalition disintegrated. 99 00:05:22,240 --> 00:05:26,520 Speaker 1: You've got Nationals resigning en mass from the shadow frontbench. 100 00:05:26,680 --> 00:05:29,640 Speaker 1: Then on Thursday it was official the Nats would sit 101 00:05:29,680 --> 00:05:33,320 Speaker 1: on their own. The winners here are the government and 102 00:05:33,400 --> 00:05:36,840 Speaker 1: one nation. The losers are the Australian people, which is 103 00:05:36,880 --> 00:05:40,480 Speaker 1: a fairly lofty, fairly large group of losers. We need 104 00:05:40,520 --> 00:05:43,520 Speaker 1: strong opposition. You've said this multiple times, just even this 105 00:05:43,560 --> 00:05:47,560 Speaker 1: week Sean about the importance of having strong opposition, and honestly, 106 00:05:47,560 --> 00:05:50,839 Speaker 1: when the coalition is split, the opposition is nowhere near 107 00:05:50,880 --> 00:05:52,440 Speaker 1: as strong as it needs to be. Susan Lee is 108 00:05:52,480 --> 00:05:54,839 Speaker 1: the other big loser out of this. Nationals leader David 109 00:05:54,880 --> 00:05:59,400 Speaker 1: Little Prowd declared that the coalition cannot survive under her leadership. 110 00:05:59,440 --> 00:06:01,640 Speaker 1: Maybe there's chance they can come back together if she's 111 00:06:01,680 --> 00:06:04,839 Speaker 1: not there, which is a massive intervention in another party's 112 00:06:06,279 --> 00:06:09,200 Speaker 1: own kind of management. She is on borrowed time, but 113 00:06:09,279 --> 00:06:12,520 Speaker 1: he might be as well because of the destruction that 114 00:06:12,600 --> 00:06:16,839 Speaker 1: he has brought about to the coalition. A lot of 115 00:06:16,839 --> 00:06:20,000 Speaker 1: commentators saying that yes, Susan Lee, she's gone, but David 116 00:06:20,040 --> 00:06:24,120 Speaker 1: Little Proud, after what he has done to the coalition, 117 00:06:24,560 --> 00:06:26,560 Speaker 1: he can't stay either. It is just a mess, an 118 00:06:26,600 --> 00:06:28,880 Speaker 1: absolute mess from where we started the week to where 119 00:06:28,920 --> 00:06:31,279 Speaker 1: we finished the week, and it just sounds like they're 120 00:06:31,360 --> 00:06:33,600 Speaker 1: just talking about themselves NonStop, kind of like I do. 121 00:06:34,160 --> 00:06:38,120 Speaker 1: Adam Judges, that was really. 122 00:06:37,920 --> 00:06:38,520 Speaker 2: Dull, Michael. 123 00:06:40,240 --> 00:06:43,440 Speaker 1: The problem was I tried to go for brevity and 124 00:06:43,520 --> 00:06:46,440 Speaker 1: I see you and I took different different tactics there. 125 00:06:46,800 --> 00:06:49,880 Speaker 1: You went for a lot of detail, a lot of time. 126 00:06:50,200 --> 00:06:53,960 Speaker 2: I just went and many you were Kron's glasses. That's 127 00:06:54,160 --> 00:06:55,640 Speaker 2: detail that deserve a run. 128 00:06:56,160 --> 00:07:00,440 Speaker 1: Yeah yeah, it did, it did He could have it, 129 00:07:00,520 --> 00:07:02,880 Speaker 1: could have worn anything, right, any kind of glasses, and 130 00:07:02,920 --> 00:07:05,440 Speaker 1: you just chose the coolest kind of look. 131 00:07:05,720 --> 00:07:06,960 Speaker 3: Like Joe Biden's. 132 00:07:07,240 --> 00:07:09,680 Speaker 1: Yeah yeah, yeah, but he made it even cooler than 133 00:07:09,720 --> 00:07:12,600 Speaker 1: Joe Biden, infinitely cooler. 134 00:07:14,360 --> 00:07:17,800 Speaker 3: It's good, Michael essentially know the answer to this one, 135 00:07:18,120 --> 00:07:25,520 Speaker 3: Sean wins. I think the yes, a very very interesting 136 00:07:25,560 --> 00:07:30,840 Speaker 3: week in politics, disaster in this country for a frail opposition, 137 00:07:32,120 --> 00:07:37,440 Speaker 3: but just Trump and the whole European trade bazooka. These 138 00:07:37,440 --> 00:07:41,000 Speaker 3: are phenomenal, historic things, so I think they set an 139 00:07:41,000 --> 00:07:43,840 Speaker 3: even bigger pattern for what's happening in the international context 140 00:07:43,840 --> 00:07:44,360 Speaker 3: of business. 141 00:07:44,760 --> 00:07:48,360 Speaker 2: Plus I mean the term trade berzuoka anyone. 142 00:07:49,640 --> 00:07:55,040 Speaker 1: Yeah, that is understandable but disappointing. Let's move on to 143 00:07:55,120 --> 00:07:57,880 Speaker 1: most remarkable category. Shall I go first on this one? 144 00:07:58,280 --> 00:08:02,960 Speaker 4: Yes, Michael, Yes, Okay, Look, it got a whole lot 145 00:08:03,000 --> 00:08:05,320 Speaker 4: more likely that we are about to see an interest 146 00:08:05,400 --> 00:08:08,160 Speaker 4: rate hike when the Reserve Bank meets in a week 147 00:08:08,200 --> 00:08:08,600 Speaker 4: and a bit. 148 00:08:09,320 --> 00:08:12,400 Speaker 1: Right, the jobs market in this country is very, very 149 00:08:12,520 --> 00:08:15,320 Speaker 1: very strong. We learned this week that last month a 150 00:08:15,520 --> 00:08:19,840 Speaker 1: whopping sixty two three hundred people or thereabouts found work. 151 00:08:20,120 --> 00:08:24,160 Speaker 1: Economists expected less than half that number of new jobs 152 00:08:24,200 --> 00:08:28,400 Speaker 1: to be created. Ours worked improved, under employment improved, the 153 00:08:28,440 --> 00:08:32,040 Speaker 1: participation rate increased. Unemployment overall dropped from four point three 154 00:08:32,040 --> 00:08:35,640 Speaker 1: to four point one percent. This is just remarkable. I'm 155 00:08:35,679 --> 00:08:38,600 Speaker 1: almost beside myself with the remarkability of this, because the 156 00:08:38,760 --> 00:08:42,840 Speaker 1: RBA had already said, we're getting some interference in the studio. 157 00:08:42,920 --> 00:08:47,320 Speaker 1: I can't there's a weird yawning noise, yawning noise. What 158 00:08:47,400 --> 00:08:51,559 Speaker 1: could that possibly be? The RBA had already said that 159 00:08:51,600 --> 00:08:53,800 Speaker 1: the tight labor market was a reason that it wouldn't 160 00:08:53,880 --> 00:08:59,520 Speaker 1: cut rates anymore. It's now even tighter. What and mild 161 00:08:59,600 --> 00:09:03,200 Speaker 1: does that? Whoa? And markets are pricing in now a 162 00:09:03,280 --> 00:09:06,800 Speaker 1: fifty percent chance of a hike when the RBA board 163 00:09:07,000 --> 00:09:10,960 Speaker 1: meets on Monday and Tuesday week a one hundred percent 164 00:09:11,080 --> 00:09:14,800 Speaker 1: chance of an increase in May. The deciding factor. The 165 00:09:14,960 --> 00:09:19,520 Speaker 1: deciding factor will be the December quarter inflation figures out 166 00:09:19,800 --> 00:09:24,760 Speaker 1: on Wednesday. But it is simply remarkable how much the 167 00:09:24,800 --> 00:09:28,840 Speaker 1: interest rate or has now changed from six months ago. 168 00:09:29,280 --> 00:09:35,840 Speaker 1: Point of order, you can point of order, Sean, Sorry, 169 00:09:35,920 --> 00:09:38,679 Speaker 1: what's the point of order. I shouldn't be so dismissive. 170 00:09:39,200 --> 00:09:42,400 Speaker 2: If he's only included the inflation data next week being 171 00:09:42,559 --> 00:09:46,160 Speaker 2: the critical point of this, can he not use that 172 00:09:46,280 --> 00:09:48,520 Speaker 2: in seven days time as his Wednesday? 173 00:09:48,679 --> 00:09:52,640 Speaker 1: You can't can't early now, Oh, I'm just I'm adding 174 00:09:52,720 --> 00:09:56,720 Speaker 1: additional context of the fact that this is going to matter. 175 00:09:57,040 --> 00:09:59,360 Speaker 1: Like by the same token, you can't claim then if 176 00:09:59,440 --> 00:10:02,200 Speaker 1: they ever do a deal over Greenland, because you talked 177 00:10:02,200 --> 00:10:04,200 Speaker 1: about the framework's been set in place, you can no 178 00:10:04,280 --> 00:10:06,760 Speaker 1: longer claim that I've. 179 00:10:06,120 --> 00:10:07,360 Speaker 2: Had the frameworks in place. 180 00:10:07,400 --> 00:10:10,720 Speaker 1: Michael, we are setting a dangerous precedent here, my friend. 181 00:10:11,400 --> 00:10:13,719 Speaker 1: Anything that you mentioned can no longer be referenced in 182 00:10:13,760 --> 00:10:14,280 Speaker 1: the future. 183 00:10:14,440 --> 00:10:18,079 Speaker 2: Look, I just thought that we should start this series 184 00:10:18,160 --> 00:10:22,000 Speaker 2: of weekend editions with truly remarkable stories as opposed to 185 00:10:23,000 --> 00:10:25,439 Speaker 2: uneployment fell a little bit, this might happen, might happen 186 00:10:26,200 --> 00:10:28,760 Speaker 2: White as truly remarkable. As a survival rate for cancer 187 00:10:28,760 --> 00:10:33,000 Speaker 2: patients nowadays, it's seventy percent five years after diagnosis, up 188 00:10:33,040 --> 00:10:36,280 Speaker 2: from just fifty percent in the mid nineteen seventies. If 189 00:10:36,559 --> 00:10:39,680 Speaker 2: you want to see a sign of progress in society, 190 00:10:39,800 --> 00:10:44,000 Speaker 2: I think longevity of life is probably the ultimate judge. 191 00:10:44,520 --> 00:10:49,400 Speaker 2: And in the last forty or fifty years that has occurred. 192 00:10:49,400 --> 00:10:51,920 Speaker 2: Longevity is increased, and you know, the biggest killer of 193 00:10:51,920 --> 00:10:55,559 Speaker 2: people with cancer of all varieties, and we are making 194 00:10:55,600 --> 00:10:58,360 Speaker 2: inroads into it more of a chronic disease rather than 195 00:10:58,400 --> 00:11:01,280 Speaker 2: a death sentence generally, that's the finding from the American 196 00:11:01,320 --> 00:11:04,520 Speaker 2: Cancer Society. Well, I add the flourish, but the chronic 197 00:11:04,559 --> 00:11:07,440 Speaker 2: disease rather than death sentence is the American Cancer Society. 198 00:11:08,640 --> 00:11:12,040 Speaker 2: What I mean the three main reasons. Basically, advances in 199 00:11:12,080 --> 00:11:15,439 Speaker 2: treatment of cancer, earlier diagnosis is a really big one, 200 00:11:15,559 --> 00:11:20,000 Speaker 2: and fewer people's smoke they reckon the Cancer Society, four 201 00:11:20,040 --> 00:11:22,800 Speaker 2: point eight million cancer deaths were prevented between nineteen ninety 202 00:11:22,800 --> 00:11:26,880 Speaker 2: one and twenty twenty three. There are still really dreadful 203 00:11:27,400 --> 00:11:30,440 Speaker 2: stats as part of this. Breast cancer, which is the 204 00:11:30,559 --> 00:11:36,560 Speaker 2: highest incidence for women actually is ninety two percent of 205 00:11:36,559 --> 00:11:39,640 Speaker 2: people five years on are free of the disease, prostrate 206 00:11:39,720 --> 00:11:42,960 Speaker 2: for men ninety eight percent five years on. There are 207 00:11:42,960 --> 00:11:46,320 Speaker 2: things like pancreatic cancer, liver cancer, lung cancer where the 208 00:11:46,400 --> 00:11:50,120 Speaker 2: numbers are still dreadful in the twenties and thirties. But 209 00:11:51,160 --> 00:11:55,720 Speaker 2: what is remarkable is how science slash medicine have improved 210 00:11:55,760 --> 00:11:58,840 Speaker 2: survival rate for cancer patients. And it's a wonderful thing 211 00:12:02,520 --> 00:12:05,280 Speaker 2: that stories. You can't argue against it. 212 00:12:07,160 --> 00:12:11,680 Speaker 1: And this is this, Adam, is where your criteria actually 213 00:12:12,120 --> 00:12:15,920 Speaker 1: do matter, showing me the way you don't need to 214 00:12:15,920 --> 00:12:18,680 Speaker 1: make the decision. The criteria already do because of the 215 00:12:18,720 --> 00:12:20,600 Speaker 1: economic impact. And you have said in the past. 216 00:12:20,440 --> 00:12:24,440 Speaker 2: Economic impact of four point eight million cancer prevented. 217 00:12:24,720 --> 00:12:27,000 Speaker 1: Yes, but you didn't make that point, did you. 218 00:12:29,440 --> 00:12:32,480 Speaker 3: I think you did in a broad SSS survival words 219 00:12:32,480 --> 00:12:35,080 Speaker 3: over a people living longer. The impact on the whole 220 00:12:35,120 --> 00:12:38,080 Speaker 3: health industry, so much of your economy is going towards 221 00:12:38,160 --> 00:12:44,560 Speaker 3: aged care care in general. It's massive. But this I'm 222 00:12:44,559 --> 00:12:48,000 Speaker 3: going to give it to Michael, because this has been 223 00:12:48,080 --> 00:12:51,640 Speaker 3: an incremental story over many, many years. And yes, these 224 00:12:51,640 --> 00:12:56,000 Speaker 3: are stunning and incredibly important stats. But this week that 225 00:12:56,160 --> 00:13:00,800 Speaker 3: unemployment number is incredible again. So I think you know 226 00:13:00,840 --> 00:13:03,160 Speaker 3: the fact that we flipped from oh know, the rates 227 00:13:03,240 --> 00:13:04,760 Speaker 3: coming down at the end of last year, No way, 228 00:13:04,800 --> 00:13:07,280 Speaker 3: they might have to stay there, even even the last 229 00:13:07,320 --> 00:13:09,240 Speaker 3: couple of weeks. Race might have to stay there. Now 230 00:13:09,280 --> 00:13:11,600 Speaker 3: it's all of a sudden, rate's probably going to come up. 231 00:13:11,800 --> 00:13:13,880 Speaker 3: So I think that's the most important one. 232 00:13:13,920 --> 00:13:21,920 Speaker 2: This one, very very dull decision. Just quietly, I am guilty. 233 00:13:20,480 --> 00:13:24,600 Speaker 1: I love that, Sean. Today you've really got to be 234 00:13:24,679 --> 00:13:29,040 Speaker 1: in your bonnet about people being dull and boring. Do 235 00:13:29,080 --> 00:13:29,960 Speaker 1: you own a mirror? 236 00:13:33,360 --> 00:13:35,640 Speaker 3: So far in the hip and cool world of a 237 00:13:35,679 --> 00:13:39,400 Speaker 3: business news podcast, so. 238 00:13:39,000 --> 00:13:41,560 Speaker 1: Far, the melodrama has has been. 239 00:13:42,640 --> 00:13:44,800 Speaker 2: Min I mean, we're trying to do shorter shows. The 240 00:13:44,800 --> 00:13:46,480 Speaker 2: problem is that the melodrama falls out. 241 00:13:47,800 --> 00:13:49,520 Speaker 1: Yeah, well, you know what you should do. Do what 242 00:13:49,559 --> 00:13:52,320 Speaker 1: I do. Do what I do. Drop the detail and 243 00:13:52,520 --> 00:13:53,079 Speaker 1: just go with. 244 00:13:53,080 --> 00:13:57,640 Speaker 4: It, and just go with the melodrama, drop the facts. 245 00:13:57,880 --> 00:14:01,600 Speaker 1: Yeah, that's right, that's right. That's everyone's already heard the 246 00:14:01,600 --> 00:14:03,760 Speaker 1: fact if they listen through the week. What they haven't 247 00:14:03,800 --> 00:14:07,280 Speaker 1: heard is the melodrama. Anyway, we are coming back in 248 00:14:07,320 --> 00:14:12,960 Speaker 1: a moment with the mystery category back in a second. 249 00:14:18,679 --> 00:14:21,160 Speaker 1: All right, Sean, we are now up to our mystery 250 00:14:21,360 --> 00:14:24,240 Speaker 1: category the score. If I need to remind you as one, 251 00:14:24,320 --> 00:14:28,920 Speaker 1: all so, anyone can still win this our mystery, our mystery. 252 00:14:28,960 --> 00:14:32,960 Speaker 2: It's been hard to keep tally, hasn't it. 253 00:14:32,960 --> 00:14:36,040 Speaker 1: It's just a reminder. It's a courtesy thing, Sean. All 254 00:14:36,120 --> 00:14:38,360 Speaker 1: that's all I do it for, just to help people 255 00:14:38,360 --> 00:14:42,960 Speaker 1: out because I'm a helper. Today's mystery category. We change 256 00:14:43,040 --> 00:14:45,600 Speaker 1: this every week based on what's around and what's going 257 00:14:45,680 --> 00:14:50,040 Speaker 1: to kind of keep Adam guessing the mystery today. How 258 00:14:50,200 --> 00:14:54,200 Speaker 1: rich did you get in twenty twenty five? Sean over 259 00:14:54,240 --> 00:14:55,880 Speaker 1: to you, Adam. 260 00:14:56,840 --> 00:15:01,840 Speaker 2: What is the financial asset that pretty much every working 261 00:15:01,960 --> 00:15:06,880 Speaker 2: person has and probably the vast majority of retirees superannuation. 262 00:15:07,360 --> 00:15:10,960 Speaker 2: There you go, another strong year in twenty twenty five. 263 00:15:11,040 --> 00:15:13,360 Speaker 2: The median balanced option, which is kind of like the 264 00:15:13,400 --> 00:15:17,720 Speaker 2: middle point of the middle option for super eight point 265 00:15:17,720 --> 00:15:20,040 Speaker 2: eight percent nine percent. Now the long run average is 266 00:15:20,040 --> 00:15:22,440 Speaker 2: six point six percent. We're talking nearly nine percent. I 267 00:15:22,480 --> 00:15:24,600 Speaker 2: mean what that's up thirty percent on what the long 268 00:15:24,680 --> 00:15:27,960 Speaker 2: term average is. This is good stuff. Another good year 269 00:15:28,200 --> 00:15:31,480 Speaker 2: for super funds. I'm going to make this really brief. 270 00:15:31,680 --> 00:15:36,040 Speaker 2: If you had a more aggressive option, according to super ratings, 271 00:15:36,080 --> 00:15:37,880 Speaker 2: you can bringing in about ten percent, a more capital 272 00:15:37,960 --> 00:15:43,160 Speaker 2: stable option about six percent. International shares they standout, asset 273 00:15:43,200 --> 00:15:45,960 Speaker 2: class fixed interest and cash return three point seven to 274 00:15:46,040 --> 00:15:48,920 Speaker 2: four percent, which is above inflation. All that stuff, right, 275 00:15:49,800 --> 00:15:52,680 Speaker 2: This is great. This is how our society is supposed 276 00:15:52,720 --> 00:15:54,800 Speaker 2: to work. We're supposed to put ten percent away. We're 277 00:15:54,800 --> 00:15:57,600 Speaker 2: supposed to earn income over time. My kids who are 278 00:15:57,600 --> 00:16:00,760 Speaker 2: in their teens twenties, if they can doing this this 279 00:16:00,840 --> 00:16:02,800 Speaker 2: happened every year, they'd be rich by the time there's 280 00:16:02,800 --> 00:16:05,120 Speaker 2: sixty five. We wouldn't have any problem with you know, 281 00:16:05,200 --> 00:16:07,440 Speaker 2: baby boomers retiring. Well, they wouldn't be alive by the 282 00:16:07,440 --> 00:16:10,440 Speaker 2: time Mike is retired, but you wouldn't have bubble issues 283 00:16:10,480 --> 00:16:13,840 Speaker 2: with finance. This is what it's all about. Paul Keating 284 00:16:14,000 --> 00:16:18,480 Speaker 2: set up the superannuation system and it's working, and that's 285 00:16:18,480 --> 00:16:21,040 Speaker 2: how people got rich in twenty twenty five. That's how 286 00:16:21,520 --> 00:16:25,080 Speaker 2: all people, ninety percent of people got rich in twenty 287 00:16:25,080 --> 00:16:27,360 Speaker 2: twenty five. Michael, you want to say something. 288 00:16:27,880 --> 00:16:33,240 Speaker 1: Sean, Yes, some of barbecues and gatherings. 289 00:16:33,480 --> 00:16:34,280 Speaker 2: Yeah. 290 00:16:34,760 --> 00:16:37,880 Speaker 1: Do you really think people are standing around the barbie 291 00:16:38,000 --> 00:16:42,800 Speaker 1: cooking the sausages talking about their super returns? Well, Michael, well, 292 00:16:42,800 --> 00:16:46,480 Speaker 1: actually I'm asking them, Michael, people here because Michael Michael. 293 00:16:46,920 --> 00:16:52,960 Speaker 2: Yes, Michael, if you this is how am I going 294 00:16:53,000 --> 00:16:58,320 Speaker 2: to put this? If the first number of your age changes, right, 295 00:16:59,440 --> 00:17:03,600 Speaker 2: which might be happening very soon, example. 296 00:17:03,360 --> 00:17:07,320 Speaker 1: This time next week, so we've got exactly seven more days, you. 297 00:17:07,520 --> 00:17:10,920 Speaker 2: Start talking about this stuff, you'll think super is the 298 00:17:10,920 --> 00:17:13,040 Speaker 2: most exciting thing in the world. 299 00:17:13,400 --> 00:17:16,720 Speaker 1: No, well, I mean I already do, because I've cop 300 00:17:16,800 --> 00:17:19,840 Speaker 1: taken any lectures on how do they afford that? From 301 00:17:19,880 --> 00:17:23,760 Speaker 1: the Cannack Campbell about superannuation. So I appreciate the value 302 00:17:23,800 --> 00:17:24,840 Speaker 1: and the importance of it. 303 00:17:25,359 --> 00:17:30,520 Speaker 5: But but the excitement on bubble bus right, Yes, at 304 00:17:30,560 --> 00:17:33,919 Speaker 5: your barbecues, people aren't talking about super They're not talking 305 00:17:33,920 --> 00:17:36,720 Speaker 5: about their medium balanced options. 306 00:17:36,960 --> 00:17:40,560 Speaker 1: They're talking about one thing. They are talking about property, 307 00:17:41,080 --> 00:17:44,320 Speaker 1: real estate auctions. They are talking about this stuff because 308 00:17:44,320 --> 00:17:45,960 Speaker 1: this is the stuff that gets people talking. Do you 309 00:17:46,000 --> 00:17:47,720 Speaker 1: just see how much so and So's place went for? 310 00:17:47,880 --> 00:17:49,200 Speaker 1: What do you reckon this is going to be worth? 311 00:17:49,240 --> 00:17:52,760 Speaker 1: Blah blah blah blah blah blah. House prices blah blah 312 00:17:52,800 --> 00:17:56,480 Speaker 1: blah blah blah blah blah blah. Perfect live example. Drop 313 00:17:56,520 --> 00:18:00,800 Speaker 1: the detail, just go with the just go with the flash. 314 00:18:01,320 --> 00:18:05,000 Speaker 1: House prices closed out twenty twenty five, hitting new records 315 00:18:05,080 --> 00:18:09,720 Speaker 1: is all according to Domain, twelve consecutive quarters of growth, 316 00:18:09,840 --> 00:18:13,959 Speaker 1: the longest uninterrupted strength stretch of growth in more than 317 00:18:14,000 --> 00:18:19,080 Speaker 1: a decade. In some cases, the growth is huge. In 318 00:18:19,119 --> 00:18:23,200 Speaker 1: the December quarter, Perth median house price jumped almost ten 319 00:18:23,440 --> 00:18:27,480 Speaker 1: percent in one quarter making it the sixth Aussie city 320 00:18:27,520 --> 00:18:31,000 Speaker 1: to be in the million dollar club. Melbourne's price recovery 321 00:18:31,000 --> 00:18:35,040 Speaker 1: gaining pace. Unit prices across Sydney, Melbourne, Brisbane are accelerating. 322 00:18:35,119 --> 00:18:39,800 Speaker 1: Affordability pressures are hitting last year overall. Going to keep 323 00:18:39,800 --> 00:18:45,359 Speaker 1: this brief an extraordinary year for house prices, three rate cuts, 324 00:18:45,440 --> 00:18:49,000 Speaker 1: an expanded government support scheme, lack of supply this year. 325 00:18:49,359 --> 00:18:51,600 Speaker 1: What on earth is going to happen? Potential for rate 326 00:18:51,680 --> 00:18:54,160 Speaker 1: cuts very soon? Are the wheels going to fall off? 327 00:18:54,359 --> 00:18:57,280 Speaker 1: Who knows, but I guarantee you one thing. People will 328 00:18:57,280 --> 00:19:01,840 Speaker 1: be talking about it at barbecues. Compared to superinnuation, do you. 329 00:19:01,840 --> 00:19:05,320 Speaker 2: Think we should compare the median house price return across 330 00:19:05,320 --> 00:19:07,479 Speaker 2: the country with the median super fun return. 331 00:19:08,359 --> 00:19:10,280 Speaker 3: Oh, this is an interesting could. 332 00:19:12,040 --> 00:19:15,720 Speaker 1: We're definitely out of time, but there you going? Is 333 00:19:15,760 --> 00:19:17,680 Speaker 1: this a live exercise? Are you going to do this? 334 00:19:17,760 --> 00:19:20,560 Speaker 2: I'm actually going to try and find the data. While 335 00:19:20,600 --> 00:19:22,160 Speaker 2: Adam gives his judge. 336 00:19:22,119 --> 00:19:22,480 Speaker 3: Good one. 337 00:19:22,640 --> 00:19:25,119 Speaker 1: Okay, so I've got the median house price if you 338 00:19:25,359 --> 00:19:26,640 Speaker 1: if you want that one. 339 00:19:27,800 --> 00:19:30,320 Speaker 2: So what was the median house price last financial year? 340 00:19:31,520 --> 00:19:33,160 Speaker 1: So do you give the do you want to give 341 00:19:33,200 --> 00:19:34,760 Speaker 1: the judgment or. 342 00:19:36,680 --> 00:19:38,520 Speaker 2: Because this will be a judgment on the judgment, May 343 00:19:38,640 --> 00:19:41,600 Speaker 2: it really for a joke? 344 00:19:42,920 --> 00:19:45,359 Speaker 3: So I think many of us have to thank Paul 345 00:19:45,440 --> 00:19:49,600 Speaker 3: Keating and the government of nineteen ninety two when superannuation started. 346 00:19:51,160 --> 00:19:54,280 Speaker 3: Everyone who's working gets it, and I think it's one 347 00:19:54,320 --> 00:19:56,560 Speaker 3: of the most profound differences between the health of our 348 00:19:56,600 --> 00:20:01,480 Speaker 3: country and many others. Sean wins house price is spectacular, 349 00:20:01,640 --> 00:20:05,440 Speaker 3: but obviously it's it's a smaller percentage of people that 350 00:20:05,680 --> 00:20:10,520 Speaker 3: have houses versus those who have superannuation. 351 00:20:11,800 --> 00:20:12,520 Speaker 1: Disappointing. 352 00:20:13,840 --> 00:20:16,480 Speaker 2: I think the judgment itself was slightly disappointing because it's 353 00:20:16,520 --> 00:20:18,000 Speaker 2: just like a matter of fact, that's what happens. 354 00:20:20,640 --> 00:20:24,000 Speaker 1: So the we'll just go with the combined capitals median 355 00:20:24,040 --> 00:20:28,200 Speaker 1: house prices, so one point to eight million. 356 00:20:28,520 --> 00:20:30,200 Speaker 2: I need a percentage, man, I don't need. 357 00:20:30,040 --> 00:20:33,160 Speaker 1: To increase over what period to the last year. 358 00:20:34,760 --> 00:20:39,400 Speaker 6: Versus twenty twenty four, eight point eight for super point 359 00:20:39,400 --> 00:20:45,280 Speaker 6: eight for super wow ow ah, so to one I'm 360 00:20:45,320 --> 00:20:47,159 Speaker 6: winning eat it, brother. 361 00:20:51,400 --> 00:20:55,280 Speaker 2: Million because all capitals it is. It's remarking because Melbourne 362 00:20:55,280 --> 00:20:56,960 Speaker 2: had a crap year, Sydney came. 363 00:20:56,840 --> 00:20:58,720 Speaker 3: On, Well, Melbourne had another. 364 00:20:59,320 --> 00:21:01,920 Speaker 2: I'd be very prized if that is. That's got log 365 00:21:01,920 --> 00:21:04,199 Speaker 2: a weighted average. 366 00:21:04,400 --> 00:21:07,800 Speaker 1: Well, I mean Melbourne was seven point four percent for 367 00:21:07,880 --> 00:21:10,679 Speaker 1: the year. This is house prices. It's not counting units. 368 00:21:10,720 --> 00:21:13,040 Speaker 1: This is just how it is, right, So Melbourne was 369 00:21:13,080 --> 00:21:17,120 Speaker 1: seven point four percent for the year. But then yeah, 370 00:21:18,560 --> 00:21:21,320 Speaker 1: so Perth and Darwin, which are certainly not the largest, 371 00:21:21,359 --> 00:21:23,400 Speaker 1: but Perth is reasonable size, but it was eighteen point 372 00:21:23,400 --> 00:21:27,040 Speaker 1: four percent. Brisbane's probably contributed significantly because it was thirteen 373 00:21:27,080 --> 00:21:28,440 Speaker 1: point three percent up. 374 00:21:28,520 --> 00:21:31,320 Speaker 2: For the anyway, two, let's moving on. 375 00:21:32,440 --> 00:21:37,240 Speaker 1: This is that fascinating though, And maybe I think worthy 376 00:21:37,280 --> 00:21:40,120 Speaker 1: of an extra point for me, Adam. 377 00:21:40,520 --> 00:21:42,640 Speaker 2: And you didn't mention the fact that capital gains tax 378 00:21:42,720 --> 00:21:45,800 Speaker 2: concession or the super has tax concessions. Yeah, anyway, let's 379 00:21:45,800 --> 00:21:46,399 Speaker 2: not get too. 380 00:21:47,400 --> 00:21:49,080 Speaker 1: Can you imagine how dull that would be if we 381 00:21:49,119 --> 00:21:52,520 Speaker 1: just started arguing over this over how property and superannuation 382 00:21:52,640 --> 00:21:55,359 Speaker 1: at taxed and concessions on it. God, you could just 383 00:21:55,440 --> 00:21:57,720 Speaker 1: hear the podcast switching off across the nation. 384 00:21:58,400 --> 00:21:59,280 Speaker 2: You're switching off. 385 00:22:00,280 --> 00:22:03,480 Speaker 1: Yeah, you're up next. This is the favorite story of 386 00:22:03,520 --> 00:22:05,879 Speaker 1: the week. It is two to one at home with 387 00:22:05,920 --> 00:22:07,640 Speaker 1: something really big and cracking story. 388 00:22:07,640 --> 00:22:11,920 Speaker 2: Australia's economy a cracking story. This is not just impact 389 00:22:11,920 --> 00:22:16,440 Speaker 2: for Australian economy. It is literally impactful for mankind as 390 00:22:16,440 --> 00:22:20,240 Speaker 2: in Homo sapiens. We're talking big. Here a stenciled outline 391 00:22:20,280 --> 00:22:22,520 Speaker 2: of a hand found on the Indonesian island of Silawi, 392 00:22:23,000 --> 00:22:28,560 Speaker 2: the world's old oldest known cave painting sixth at least 393 00:22:28,720 --> 00:22:33,359 Speaker 2: sixty seven eight hundred years old. Sixty eight hundred Well, 394 00:22:33,400 --> 00:22:35,679 Speaker 2: I just say sixty eight thousand, like, do they know 395 00:22:35,760 --> 00:22:38,200 Speaker 2: that right? Carbon data? 396 00:22:38,600 --> 00:22:39,560 Speaker 3: He's very precise. 397 00:22:40,119 --> 00:22:43,280 Speaker 2: Yeah. This was a report in Nature and a guy 398 00:22:43,320 --> 00:22:47,040 Speaker 2: called Adam Brumm from Griffith's University here in Australia co 399 00:22:47,119 --> 00:22:52,680 Speaker 2: led the project. What's really fascinating here. It basically strengthens 400 00:22:52,720 --> 00:22:57,400 Speaker 2: the argument that our species, human kind, Homo sapiens, had 401 00:22:57,480 --> 00:23:00,679 Speaker 2: reached this part of the world known as so the 402 00:23:00,680 --> 00:23:05,840 Speaker 2: Australian New Guinea land Mass, around fifteen thousand years earlier 403 00:23:06,480 --> 00:23:10,080 Speaker 2: than some researchers argue. Over the past decade, a series 404 00:23:10,119 --> 00:23:12,919 Speaker 2: of discoveries and still otis has overturned kind of the 405 00:23:12,960 --> 00:23:18,960 Speaker 2: idea that art and abstract thinking for Homo sapiens kind 406 00:23:18,960 --> 00:23:22,360 Speaker 2: of came to life in ice age Europe. That's sort 407 00:23:22,400 --> 00:23:25,879 Speaker 2: of been what people have thought. Well, this particularly because 408 00:23:25,880 --> 00:23:29,760 Speaker 2: the actual photo of the cave painting. It was a 409 00:23:29,760 --> 00:23:32,480 Speaker 2: photo would be good. The cave painting is a hand 410 00:23:32,560 --> 00:23:35,680 Speaker 2: whose fingers have changed, so it's kind of a bit surreal. 411 00:23:36,160 --> 00:23:39,680 Speaker 2: There's basically saying creativity is innate to our species. Is 412 00:23:39,680 --> 00:23:42,119 Speaker 2: didn't just come from Europe. It actually stretches back to 413 00:23:42,160 --> 00:23:45,840 Speaker 2: Africa or to sahul Our area. And this is all 414 00:23:45,880 --> 00:23:48,160 Speaker 2: from the back of this cave painting. I just think 415 00:23:48,200 --> 00:23:51,240 Speaker 2: that's just a cracking story that we Homo sapiens have 416 00:23:51,280 --> 00:23:55,720 Speaker 2: been innovative, creative right from the get go. Wasn't just 417 00:23:55,760 --> 00:23:59,800 Speaker 2: the Europeans it sent it'st over to us. Good story. 418 00:24:00,200 --> 00:24:03,320 Speaker 2: You were just looking me stunned. That's a story. 419 00:24:03,520 --> 00:24:07,320 Speaker 3: Question mark was in the kind of shape of a claw, 420 00:24:07,680 --> 00:24:11,639 Speaker 3: wasn't it? So obviously some storytelling in it. 421 00:24:12,640 --> 00:24:18,359 Speaker 2: Yeah, excellent Michael the Deaf. For a favorite story, well, I. 422 00:24:18,600 --> 00:24:20,280 Speaker 1: Had a couple of options. I was going to go 423 00:24:20,359 --> 00:24:24,879 Speaker 1: with the fact that Australia forty eight billionaires and that 424 00:24:24,920 --> 00:24:27,080 Speaker 1: they hold more wealth than the bottom forty percent of 425 00:24:27,119 --> 00:24:29,680 Speaker 1: the population combined. But I dismissed that, like that was 426 00:24:29,720 --> 00:24:31,960 Speaker 1: a very interesting story. I mean, yes, it was very 427 00:24:31,960 --> 00:24:34,440 Speaker 1: interesting and worthy of a point on its own. But 428 00:24:34,440 --> 00:24:38,480 Speaker 1: but disregard that if you will, because in the end, 429 00:24:39,119 --> 00:24:42,560 Speaker 1: it is very very very very hard to go past 430 00:24:43,200 --> 00:24:49,760 Speaker 1: the latest extraordinary recommendations from the OECD. Oh my god, 431 00:24:49,880 --> 00:24:55,240 Speaker 1: because when they talk, we show one listeners if we 432 00:24:55,400 --> 00:25:01,320 Speaker 1: should listen and adam, adam, The OECD published a report 433 00:25:01,880 --> 00:25:07,720 Speaker 1: urging insisting with great urgency that the federal labor government 434 00:25:08,440 --> 00:25:12,160 Speaker 1: needs to do more and can do more to put 435 00:25:12,160 --> 00:25:15,119 Speaker 1: the budget on a more sustainable footing. Now I've gone 436 00:25:15,160 --> 00:25:19,359 Speaker 1: through the whole report in detail, and I've picked out 437 00:25:19,680 --> 00:25:24,040 Speaker 1: one single recommendation that i think is worthy of our attention, 438 00:25:24,480 --> 00:25:27,760 Speaker 1: and I've chosen it almost at random, without any care 439 00:25:27,920 --> 00:25:32,080 Speaker 1: at all for subjective bias. The OECD says that we 440 00:25:32,119 --> 00:25:38,359 Speaker 1: should broaden the GST and consider lifting it above ten percent, 441 00:25:38,520 --> 00:25:42,000 Speaker 1: with the proceeds being used to reduce Australia's over alliance 442 00:25:42,080 --> 00:25:45,720 Speaker 1: on personal income tax. How about this. The OECD estimates 443 00:25:45,760 --> 00:25:49,760 Speaker 1: that that single piece of tax reform would add one 444 00:25:49,760 --> 00:25:53,439 Speaker 1: point six percent to the size of the economy in 445 00:25:53,480 --> 00:25:57,760 Speaker 1: a decade's time. Now, if anyone here right now was 446 00:25:58,000 --> 00:26:02,200 Speaker 1: to be a tax reform enthusiast, you would be betraying 447 00:26:02,440 --> 00:26:05,400 Speaker 1: everything that you believed in not to choose this as 448 00:26:05,440 --> 00:26:08,720 Speaker 1: your favorite story for the week. I arrest my case. 449 00:26:11,440 --> 00:26:17,560 Speaker 3: Michael wins. What a terrible kind of logic, blue person, 450 00:26:17,600 --> 00:26:19,720 Speaker 3: I am just to ignore that beautiful story of the 451 00:26:19,760 --> 00:26:23,280 Speaker 3: stenciled hand. I didn't ignore it, but gee, when it 452 00:26:23,320 --> 00:26:25,080 Speaker 3: comes to test. 453 00:26:24,640 --> 00:26:27,560 Speaker 2: There's one person in this country who gives an absolute 454 00:26:27,640 --> 00:26:30,000 Speaker 2: top He gives a toss about the oec D report. 455 00:26:30,119 --> 00:26:32,280 Speaker 1: Literally one person, Matthias Corman. 456 00:26:33,280 --> 00:26:34,560 Speaker 2: He's not in this country anymore. 457 00:26:35,720 --> 00:26:36,359 Speaker 1: He runs it. 458 00:26:37,359 --> 00:26:39,359 Speaker 2: One person in this country who cares about that. 459 00:26:40,400 --> 00:26:43,439 Speaker 3: I say, thank you, Mattias, thank you. 460 00:26:46,760 --> 00:26:50,000 Speaker 1: So okay, So that's too all. What does that mean 461 00:26:50,080 --> 00:26:54,080 Speaker 1: for the score breakdown then? Because normally you do a 462 00:26:54,080 --> 00:26:58,280 Speaker 1: bit of a countback on the scores twenty five per category, 463 00:26:58,840 --> 00:26:59,320 Speaker 1: Sean with. 464 00:26:59,359 --> 00:27:03,840 Speaker 3: A very's wrong eighty nine points, Michael with ninety one points. 465 00:27:04,200 --> 00:27:08,840 Speaker 1: Holy smokes, twenty twenty six is off to a ripper 466 00:27:08,880 --> 00:27:09,760 Speaker 1: of a start here. 467 00:27:11,000 --> 00:27:14,639 Speaker 2: I have absolutely no idea how that could happen, the 468 00:27:14,640 --> 00:27:19,080 Speaker 2: shot of that crap oec D story that was entirely 469 00:27:19,119 --> 00:27:22,359 Speaker 2: what I am. I'm going to suggest that we sack Adam. 470 00:27:25,880 --> 00:27:29,000 Speaker 3: Yes, let's have like a witch hunt or a steward's inquiry. 471 00:27:29,280 --> 00:27:32,880 Speaker 1: It feels remarkably Trump esque. If you disagree with the judgment, 472 00:27:32,960 --> 00:27:37,840 Speaker 1: sack the judge feels perfect, perfect, all right. That is 473 00:27:37,880 --> 00:27:41,200 Speaker 1: a good start, good start to the year. Early dummy 474 00:27:41,240 --> 00:27:42,240 Speaker 1: spit from sure to. 475 00:27:42,280 --> 00:27:46,200 Speaker 3: Me maybe for my first and last episode of six. 476 00:27:46,680 --> 00:27:50,080 Speaker 2: Thank you very much, Sean, Thanks Michael, thanks Adam, Thank. 477 00:27:49,840 --> 00:27:52,320 Speaker 1: You Adam, Thank you, Michael, Thank you Sean. Make sure 478 00:27:52,359 --> 00:27:54,200 Speaker 1: you're following the podcast and head to Fear and Greed 479 00:27:54,240 --> 00:27:55,880 Speaker 1: dot com today you to sign off for our free 480 00:27:55,920 --> 00:27:58,680 Speaker 1: daily newsletter. I'm Michael Thompson. That was Fear and Greed. 481 00:27:58,880 --> 00:27:59,720 Speaker 1: Have a great weekend.