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Speaker 1: Today on fear and greed. Federal politicians rush to fly

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Speaker 1: contests even though the national carrier isn't always the best value.

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Speaker 1: The Reserve Bank warns on inflation expectations, and the Commonwealth

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Speaker 1: Bank opts to embrace artificial intelligence, all app plus markets

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Speaker 1: and more. Welcome to Fear and Greed. Daily business news

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Speaker 1: for people who make their own decisions. It is Thursday,

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Speaker 1: the seventeenth of October twenty twenty four. I'm Michael Thompson

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Speaker 1: and good morning, Sean Aylmer.

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Speaker 2: Good morning, Michael, Sean after.

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Speaker 1: The show, you have an interview coming up. It's an

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Speaker 1: interesting chat today. You're speaking with Tom Zaki, founder of

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Speaker 1: terror Cycle.

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Speaker 2: It's a bit different. Terror Cycle is a recycling circular

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Speaker 2: economy company. It's been going for twenty two years globally,

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Speaker 2: ten years here in Australia and what I think was

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Speaker 2: really impressed me in my discussion with Tom was the

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Speaker 2: innovation that the company has introduced to help recite He's

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Speaker 2: a very big picture man, you know. He's all about

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Speaker 2: improving the circular economy so that we can reuse stuff,

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Speaker 2: but there's more to it, and then we can even

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Speaker 2: get down to the point of had he clicked all

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Speaker 2: the cigarette puts off the ground to recycle him. It's

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Speaker 2: just a fantastic chat about that whole world.

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Speaker 1: Yeah, and I think it's interesting because recycling had a

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Speaker 1: bit of a setback, it feels in Australia when red

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Speaker 1: Cycle collapsed a couple of years ago, which everyone was

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Speaker 1: recycling through the supermarkets and things. But as Tom kind

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Speaker 1: of says in this chat today, there is a lot

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Speaker 1: more going on than just that, and that Australia is

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Speaker 1: actually a fair bit further down the path than you

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Speaker 1: would think. So it's a great conversation. Stick around for

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Speaker 1: that one. It's coming up a bit later on the

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Speaker 1: main story this morning. Sean Quantis is the airline of

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Speaker 1: choice for federal politicians, with more than ninety percent of

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Speaker 1: domestic flights for parliamentarians and their staff booked on Quantus

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Speaker 1: or its subsidiary Jetstar.

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Speaker 2: And that's up from about seventy five percent a decade

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Speaker 2: ago according to the Independent Parliamentary Expenses Authority. Virgin the

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Speaker 2: other major airline, it was about twenty two percent ten

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Speaker 2: years ago, it's now just nine percent. Quantus is more expensive,

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Speaker 2: so of course it begs the question why is there

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Speaker 2: a disproportionate amount of travel on the national carrier. Don't

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Speaker 2: really know the answer that to that, Michael. According to

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Speaker 2: the Independent Parliamentary Expenses Authority Guidelines, parliamentarians must ensure that

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Speaker 2: flights booked provide value for money. Now, of course that's

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Speaker 2: probably in the eye of the beholder, but certainly there's

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Speaker 2: a suggestion that that's not being done, and there's a

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Speaker 2: moral imperative to find value. It depends on roots and times.

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Speaker 2: But in highly trafficked flights, Quantus is still the chosen carrier.

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Speaker 2: So you look at Sydney, Melbourne, Brisbane flights Quantus is

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Speaker 2: used or Quantus was paid more than four times as

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Speaker 2: much as Virgin was paid. Does make you wonder, doesn't it.

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Speaker 2: Last year Polly spent twenty eight point six million dollars

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Speaker 2: on domestic flights pre pandemic, which is probably the best comparison.

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Speaker 2: It was about twenty four point two I said billion, Michael,

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Speaker 2: I meant million. Last year Polly spent twenty eight point

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Speaker 2: six million dollars on domestic flights pre pandemic. It was

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Speaker 2: twenty four point two million dollars.

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Speaker 1: Twenty eight point six billion dollars might have sparked a

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Speaker 1: bit of an outcry from the public. I was about

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Speaker 1: to jump in and defend Quantas when you were going

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Speaker 1: through some of those those stats and thinking about the

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Speaker 1: fact that the Quantus link, I imagine, would be included

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Speaker 1: within the Quantus spending. And of course their regional network

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Speaker 1: is a lot more kind of significant than what Virgin flies,

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Speaker 1: and especially when you have a lot of regional politicians

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Speaker 1: and people traveling right around the country, it would make sense.

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Speaker 1: But when you are just comparing the Golden Triangle and

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Speaker 1: you've got Sidney, Melbourne and Brisbane, that is very much

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Speaker 1: just a likeful light comparison, and Quantus is well well

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Speaker 1: above what Virgin has paid on those routes.

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Speaker 2: Absolutely, and if you look at Regional Express in the

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Speaker 2: data that doesn't get much of a run either. It's

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Speaker 2: still definitely a bias towards Quantus.

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Speaker 1: Okay, all right, now, it's interesting, isn't it kind of

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Speaker 1: where the government spends its money for business as usual products.

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Speaker 1: Do you know kind of more? I mean, I know

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Speaker 1: that you love diving into these things. I do. If

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Speaker 1: you can get your hands on a parliamentary report, you're like,

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Speaker 1: I'm all over this one. What more do you know

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Speaker 1: about kind of travel arrangements.

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Speaker 2: Well, I know a little bit more so that Department

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Speaker 2: of Finance overseas travel arrangements. It involves about twenty supplies.

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Speaker 2: And as you could imagine, the government is a great

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Speaker 2: client because it pays its invoices and it pays them

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Speaker 2: on time in terms of bookings. Corporate Travel Management the

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Speaker 2: ASX listed group has the contract. Corporate Travel Management also

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Speaker 2: oversees the domestic accommodation program. In terms of domestic and

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Speaker 2: international travel. Obviously there is Quantus Virgin There's actually a

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Speaker 2: panel of eighteen airlines, so Cafe Pacific, British Airways, Emirates, Guitar,

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Speaker 2: Eddie had Singapore there all on that panel. The car

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Speaker 2: rental higher company of choice. Any ideas, Michael.

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Speaker 1: Ah maybe maybe yes, only one I can think of,

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Speaker 1: Well done. I love it when you put me on

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Speaker 1: the spot.

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Speaker 2: Yeah. And travel and Procurement payment services. That contract goes

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Speaker 2: to National Australia Bank. So there are all sorts of

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Speaker 2: processes and bureaucracy around this, and the government has got

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Speaker 2: its preferred supplies. I suppose the point of this story though,

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Speaker 2: it just does look a little bit sus when so

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Speaker 2: much money is spent on Quantus compared to Virgin and

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Speaker 2: Regional Express.

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Speaker 1: Now it's a good story to cover. The more public

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Speaker 1: attention on this kind of thing is a good thing.

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Speaker 1: Let's take a look at local markets, shall we. What

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Speaker 1: happened yesterday?

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Speaker 2: Yes and PAX two hundred finished lower, down zero point

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Speaker 2: four percent to undred and eighty four points. That, of course,

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Speaker 2: is after the new record on Tuesday. Yesterday, tech stocks

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Speaker 2: led the way lower. The uranium stocks didn't do very well.

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Speaker 2: IDP Education was a particularly poor performer another five percent.

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Speaker 2: It's one of the worst performing stocks over the past

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Speaker 2: twelve months or so. The gold stocks did well yesterday.

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Speaker 2: Among the large caps, underperformers included BHP, Rio, Weistet, Global, Woolies, Brambles,

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Speaker 2: and Transurban. The flip side, the better performing megacaps, the

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Speaker 2: big four banks did well. Goodman Group also did pretty well.

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Speaker 2: In corporate news, glass bottles and cans maker Aurora says

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Speaker 2: softness in volumes in Europe is persisting as customers, including

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Speaker 2: spirit makers, cut back on inventory levels, but there are

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Speaker 2: early signs of a recovery in the North American market.

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Speaker 2: Its share price fell three and a half percent yesterday,

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Speaker 2: and Challenger reaffirmed that its fiscal twenty twenty five net

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Speaker 2: profit would land around four hundred and sixty million dollars.

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Speaker 2: Its assets under management rose slightly one percent. That was

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Speaker 2: thanks to a massive jump in for these sales, though

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Speaker 2: total life sales, which includes its strown component, actually fell

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Speaker 2: fourteen percent. Its share price finished the day down four percent.

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Speaker 1: And what about international markets? What's going on there?

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Speaker 2: A couple of earnings reports worth mentioning on Wall Street.

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Speaker 2: Goldman Sachs reported a big jump in third quarter earnings

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Speaker 2: to three billion dollars, much higher than it anticipated than

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Speaker 2: in Europe. One of the world's big chip makers, Dutch

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Speaker 2: based ASML, shared sixteen percent in value after saying it

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Speaker 2: booked only about half the orders Endless expected in the

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Speaker 2: third quarter. It also lowered its guidance for twenty twenty five.

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Speaker 2: That didn't help the other big global chip makers, including Nvidia,

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Speaker 2: which ended down four and a half percent. Otherwise, oil

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Speaker 2: prices continue to slide and the fallout has hit other commodities.

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Speaker 2: Lithium and iron ore prices fell yesterday, taking stocks with them.

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Speaker 2: Copper fell to its lowest level since late September, while

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Speaker 2: nickel and zinc both dropped goals. The outperformer. It's hovering

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Speaker 2: around record higher levels. Basically, risk assets are being sold down.

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Speaker 2: That's helping the gold and the US dollar. The Aussie

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Speaker 2: dollar is suffering. It's buying just under sixty seven US cents.

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Speaker 2: A couple of weeks ago, we were talking about it

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Speaker 2: hitting seventy US cents. Well, that seems long ago. Now

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Speaker 2: under sixty seven US cents.

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Speaker 1: All right, plenty to get through today. Sean will be

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Speaker 1: back in a moment with the rest of the day's

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Speaker 1: business news. Sean. The Reserve Bank's chief economist Sarah Hunter

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Speaker 1: yesterday said the central Bank was constantly alert for signs

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Speaker 1: that high levels of inflation will become entrenched.

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Speaker 2: So the good news is that the Reserve Bank thinks

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Speaker 2: that prices are on the way back to its two

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Speaker 2: to three percent target. However, doctor Hunter said big risks

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Speaker 2: if individuals, businesses and investors don't think that's going to happen.

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Speaker 2: So if they don't think it's going to happen, inflation

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Speaker 2: expectations become higher and it kind of becomes a self

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Speaker 2: fulfilling prophecy because a worker goes to their boss and says,

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Speaker 2: we think inflation will be four or five percent, So

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Speaker 2: we'ven a four or five percent pay rise. Suppliers expect

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Speaker 2: more money for what they're supplying. This sort of challenges suddenly,

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Speaker 2: im I mean, consumers pay more for goods, they expect

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Speaker 2: to pay more for goods because I think inflation is

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Speaker 2: going to be higher than what it actually is. This

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Speaker 2: becomes a real problem in getting inflation down. Doctor Honey

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Speaker 2: yesterday talked about de anchoring of interest rate expectations that

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Speaker 2: triggers volatility. It really makes it difficult for prices to

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Speaker 2: come down. Now, having said all that, at the moment,

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Speaker 2: inflation expectations remain fairly contained. So that is the good news.

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Speaker 2: I'm sure you're going to ask me so when a

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Speaker 2: rate's going to for Michael, because that's that we always

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Speaker 2: ask about generally.

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Speaker 1: The question as soon as you mentioned the Reserve Bank,

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Speaker 1: and as soon as you mentioned interest rates, the question

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Speaker 1: is when are they going to come down? Is what

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Speaker 1: we actually want to know. Maybe we should leave at that, Sean.

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Speaker 2: Maybe we should, maybe should we shouldn' Sarah Hunter didn't

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Speaker 2: say much about it yesterday at all. Still, the plan

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Speaker 2: from the Reserve Bank is sometime next year.

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Speaker 1: Okay, So it's hard to lead on something that didn't

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Speaker 1: actually happen then, isn't it.

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Speaker 2: Yeah, yeah, you're making it up. Then.

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Speaker 1: Can I just ask you one question though, about de

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Speaker 1: anchoring interest rate expect Is that actually a term? Is

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Speaker 1: that it is? What are you de anchoring it from?

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Speaker 2: Well, if you've got interest rate or inflation expectations, I

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Speaker 2: suppose it's not an economics term. It's the first answer.

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Speaker 2: It's just a good way of referring to it. Because

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Speaker 2: if you have inflation expectations sitting at a certain point,

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Speaker 2: they're anchored at a certain point, and if you de

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Speaker 2: anchor it, they change. So I think that's where it

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Speaker 2: comes from. But it's not really an economics term or

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Speaker 2: anything like that.

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Speaker 1: Very nautical.

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Speaker 2: It's a nautical term, Michael, it's a nautical term.

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Speaker 1: Excellent, Well, let's cast ourselves adrift. The nice Sorry, nice,

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Speaker 1: and go on. It wasn't nice. He don't need to

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Speaker 1: praise me. But it's not actually that good, Sean, But

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Speaker 1: I'll accept it. The Commonwealth Bank yesterday, Hell, it's annual

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Speaker 1: general meeting yesterday in Adelaide, and Boss Matt common It's

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Speaker 1: always interesting, isn't it? Hearing kind of what he has

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Speaker 1: to say about the economy. He says the domestic economy

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Speaker 1: remained sound.

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Speaker 2: Yes, he was pretty upbeat, though he warned that inflation

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Speaker 2: is definitely staying higher for longer than expected and households

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Speaker 2: are finding it tough over the past year. In fact,

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Speaker 2: Commonwealth Bank has offered one hundred and thirty two thousand

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Speaker 2: tailored hardship payment arrangements to customers. That sounds like a

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Speaker 2: hell of a lot to me. He also confirmed that

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Speaker 2: regional branches will stay open. Now, what I think is

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Speaker 2: most interesting to emerge from it was comments from the Chair,

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Speaker 2: Paul O'Malley about Commonwealth Bank embracing artificial intelligence technology, though

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Speaker 2: he did actually say he wants all these AI providers

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Speaker 2: to use clean technology. Misterromalley said AI is a valuable

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Speaker 2: tool that will improve customer service and combat funancial crime.

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Speaker 2: He said the bank will embrace more advanced technology and

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Speaker 2: its focus on that over the next five to ten

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Speaker 2: years is vital. Not too many major organizations have come

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Speaker 2: out quite as vocally and said, yeah, we are totally

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Speaker 2: embracing AI because it can actually make our business better.

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Speaker 2: And I think that's a key takeaway from yesterday. The

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Speaker 2: chair spoke about the need to support communities exposed to

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Speaker 2: the transition to cleaner energy, saying about thirty thousand customers

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Speaker 2: where an industry is really dependent on carbon transitioning. So

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Speaker 2: we're actually talking about the people who work in fossil

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Speaker 2: fuel industries and when they shift, when the economy shifts

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Speaker 2: to green energy, what happens to those people? We need

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Speaker 2: to look after them. Mister O'Malley also said the bank

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Speaker 2: had blocked or slowed down transactions to crypto platforms on

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Speaker 2: the back of concerns about the levels of scams and

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Speaker 2: fraud tied to crypto products.

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Speaker 1: While we're on the topic of banks, sean one bank

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Speaker 1: that hasn't had such a great time of it lately

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Speaker 1: is Bankland. While the big four have kind of been

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Speaker 1: going on the merry way, the regional lender has struggled

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Speaker 1: to compete in mortgages. It's had had to cut staff,

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Speaker 1: and it's abandoned the group's franchise model. But but there

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Speaker 1: was some good news yesterday.

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Speaker 2: There was I mean, cash profit top twenty four percent,

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Speaker 2: and the dividend was low. But but but those numbers

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Speaker 2: were better than expected. What investors really liked net interest margins,

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Speaker 2: basically the difference between one a bank pays out on

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Speaker 2: deposits and receives on loans were higher for the half

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Speaker 2: year to the end of August. That helped Bank of

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Speaker 2: Queensland's share price jump seven percent. Chief Executive Patrick Alloway

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Speaker 2: was pretty optimistic on the outlook and the strategy now.

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Speaker 2: That strategy is about dismantling the franchise model, cutting two

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Speaker 2: hundred and fifty million dollars in costs, cutting about four

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Speaker 2: hundred jobs. He said they would go ahead with that strategy.

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Speaker 2: On the harder things for small lenders is to compete

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Speaker 2: in the highly profitable mortgage market against the big four

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Speaker 2: lenders Australaway said that they were competing in that market,

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Speaker 2: but they weren't actually being silly about it now.

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Speaker 1: Rio Tinto is reviewing its strategy for its flagship Australian

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Speaker 1: iron ore division after it shipped higher than normal volumes

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Speaker 1: of low grade material in the September quarter.

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Speaker 2: Rio shipped a weaker than expected eighty four point five

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Speaker 2: million tons of all from Western Australia in the three

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Speaker 2: months two September thirty and nineteen percent of those volumes

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Speaker 2: where it's lower grade, lower margin product known as SP ten.

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Speaker 2: The challenge for Rio is that it underinvested in new

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Speaker 2: minds between about twenty thirteen to twenty seventeen, and that's

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Speaker 2: coming home to roost with the lower grade or likely

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Speaker 2: to be a higher proportion of sales at least in

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Speaker 2: the next couple of years and next year's. Next year,

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Speaker 2: Rio's business will include high grade iron ore from Guinea

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Speaker 2: Cimondale Mountains, as well as product from Western Australia and Canada.

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Speaker 2: But just at the moment, analysts are worried about the

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Speaker 2: short term implications of low grade or in what that

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Speaker 2: means for the price that Rio receives. Is share price

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Speaker 2: yesterday closed down one and a half percent.

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Speaker 1: Woodside has outlined record quarterly production for the last three months,

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Speaker 1: triggering a zero point six percent jump in the oil

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Speaker 1: and gas giants share price.

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Speaker 2: Which was a pretty good result yesterday and a pretty

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Speaker 2: good result from Woodside because there hasn't been much good

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Speaker 2: news for the oil and gas giant has there not

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Speaker 2: a huge amount. We did a story a couple of

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Speaker 2: days ago. It is the worst performing large cap on

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Speaker 2: the AX two hundred over the past year, and one

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Speaker 2: of the ten worst performing of all stocks on the

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Speaker 2: AX two hundred. What's happened They've got this new project

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Speaker 2: in Senegal called Sangamar. It's a new startup oil project.

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Speaker 2: It's already delivering one hundred thousand barrels of oil a day.

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Speaker 2: Now it's been criticized by environmentalists. It cost about seven

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Speaker 2: and a half billion dollars, but it kicked off in

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Speaker 2: June already one hundred thousand barrels a day. That's why

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Speaker 2: Rio was able to ramp up its production to a

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Speaker 2: record quarterly number of fifty three point one million barrels

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Speaker 2: of oil equivalent. Of course, helping is its output from

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Speaker 2: Pluto in the Northwest Shelf l and G Ventures in

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Speaker 2: Western Australia. Woodside also said that it's going to delist

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Speaker 2: from the London Stock Exchange next month. That's due to

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Speaker 2: low trading volumes. It will save some of its it'll

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Speaker 2: save an administration costs as well. But really this story

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Speaker 2: yesterday was about that rapid startup in Segal, Senegal and

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Speaker 2: how will it's doing.

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Speaker 1: So it was the dual listing. Most of the trading

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Speaker 1: was happening here. Yeah, definitely, okay makes sense. The love

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Speaker 1: child sean On transition, isn't it, But the love child

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Speaker 1: of late packaging magnate Richard Pratt can challenge the billionaire

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Speaker 1: family for her slice of the fortune for an attempt.

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Speaker 1: This is a big development yesterday after an attempt by

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Speaker 1: her half siblings to have the case thrown out of

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Speaker 1: court failed.

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Speaker 2: We don't often have love children on fear and greed.

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Speaker 1: No, we dined. It's a very fairly rare occurrence.

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Speaker 2: Twenty seven year old Paula Hitchcock is the child of

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Speaker 2: mister Pratt, who died in two thousand and nine, and

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Speaker 2: his longtime mistress, Shari Lee Hitchcock. Paula Hitchcock alleges she

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Speaker 2: is as much of Pratt as her siblings. Anthony Pratt, Hello, Helloise,

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Speaker 2: I don't know Helloise's name? H E l O, I

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Speaker 2: S E Michael. How do I pronounce that?

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Speaker 1: I'd say, look you just whenever I don't know something, Sean,

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Speaker 1: I just say it really quickly, right.

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Speaker 2: Helloise, Anthony Pratt, Helloise Pratt, and Fiona Jemiah. According to

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Speaker 2: report in The Thin Review, Miss Hitchcock that's Paula Hitchcock

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Speaker 2: alleges she is, for the purposes of the family trust,

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Speaker 2: a child of both mister Pratt and his wife Jeane.

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Speaker 2: Miss Hitchcock has been pursuing her half siblings in the

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Speaker 2: Supreme Court of New South Wales since twenty twenty two,

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Speaker 2: alleging the trust was wrongly amended a few years ago

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Speaker 2: to exclude her, and those charges should be and those

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Speaker 2: changes Michael should be thrown out. The siblings argue Miss

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Speaker 2: Hitchcock cannot be considered a child of their mother because

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Speaker 2: she has her own mother anyway. Yesterday she found that

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Speaker 2: she did. The siblings failed to get the case thrown

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Speaker 2: out of court. The prat fortune is worth about twenty

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Speaker 2: seven billion dollars, most of which is made up of

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Speaker 2: the busy packaging and recycling empire.

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Speaker 1: No wonder there is so much attention on this case.

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Speaker 1: Then it's just got everything, doesn't it. Now turning to

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Speaker 1: international news now, the world's total public debt is set

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Speaker 1: to exceed one hundred trillion US dollars about what one

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Speaker 1: hundred and fifty trillion Australian this year for the first time.

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Speaker 1: According to the International Monetary Fund, that's.

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Speaker 2: Huge, huge, and it may grow more quickly than forecast

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Speaker 2: as political sentiment favors higher spending and slow economic growth

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Speaker 2: amplifies borrowing needs and costs. According to a report on Reuters,

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Speaker 2: the IMS latest Fiscal Monitor report shows public debt, which

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Speaker 2: is basically government debt, will reach ninety three percent of

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Speaker 2: global gross domestic product by the end of twenty twenty

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Speaker 2: four and approach one hundred percent by twenty thirty. That

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Speaker 2: would exceed its ninety nine percent peak during COVID nineteen.

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Speaker 2: Part of the reason why the IMF expects future debt

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Speaker 2: levels to be higher is the big preponderance among US

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Speaker 2: politicians to spend more money.

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Speaker 1: Speaking of US politicians, Sean Elon Musk, who is not

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Speaker 1: a politician himself, but he's given seventy five or nearly

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Speaker 1: seventy five million US dollars to help Donald Trump's bid

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Speaker 1: to win back the White House. As the world's richest

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Speaker 1: man tries to influence the outcome of next month's US

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Speaker 1: presidential election.

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Speaker 2: Mister Musk made several multimillion dollar donations during the third

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Speaker 2: quarter to America Pack, his political action committee, according to

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Speaker 2: a federal filing, giving the group a huge budget to

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Speaker 2: support Trump's reelection bid. The group already spent more than

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Speaker 2: ninety six million dollar boosting Trump. According to the independent

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Speaker 2: nonprofit Open Secrets, at about ten million dollars more helping

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Speaker 2: Republicans in congressional races. According to report in the Ft,

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Speaker 2: Mask endorsed Trump in July after the Republican candidates survived

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Speaker 2: an assassination attempt at a rally and joined the former

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Speaker 2: president on stage two weeks ago, actually at the same venue.

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Speaker 2: Mister Mask, who supported Democrats and previous selections, has described

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Speaker 2: the twenty twenty four vote as his final hope for

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Speaker 2: US democracy and claimed that a legal immigrants would take

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Speaker 2: over the country if Carmala Harris won.

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Speaker 1: Up next is the Fear and Greed Daily Interview. Your

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Speaker 1: guest today Sean tom Zaki, founder of terror Cycle.

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Speaker 2: All about the recycling economy and terror Cycle does amazing

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Speaker 2: work and innovation in terms of improving recycling and hopefully

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Speaker 2: pushing us just a little bit closer to a circular economy.

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Speaker 1: It's coming up next in the Fear and Greed playlist

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Speaker 1: or at Fearangreed dot com dot are you Orere? Have

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Speaker 1: you listen to podcas and you know what else is

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Speaker 1: available today Sean, wherever you listen to podcasts. It is

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Speaker 1: the new episode of the Property Pendulum, which we're still

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Speaker 1: here very shortly. Actually, it is the podcast that we

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Speaker 1: put out every Thursday. It is a joint production between

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Speaker 1: Fear and Greed and Domain and this week, this week

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Speaker 1: we are talking about the lengths that buyers will go

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Speaker 1: to to secure the keys to their next property. And

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Speaker 1: part of that is because at the moment, there is

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Speaker 1: actually there are more homes out there, there are fewer

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Speaker 1: buyers competing for them, so this might be the perfect

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Speaker 1: opportunity to actually secure the property that you want, maybe

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Speaker 1: the property of your dreams. Maybe it is just kind

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Speaker 1: of a step up from what you've got at the moment.

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Speaker 1: But there are some extraordinary examples of the lengths that

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Speaker 1: people have gone to in order to try and get

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Speaker 1: those properties. We're talking kind of a bribery, even just

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Speaker 1: sending gifts baked goods, beer, champagne to the agents. And

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Speaker 1: then there's the which is, I mean, you're not supposed

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Speaker 1: to do that, and agents have this very kind of

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Speaker 1: strict obligation to just do the best thing for their

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Speaker 1: client and to try and actually secure the best price.

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Speaker 1: But then there's the emotional side as well. And Alice Stultz,

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Speaker 1: who co hosts the podcast, gives the examples of letters

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Speaker 1: being written by buyers to sellers of properties, about what

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Speaker 1: that property would mean to them, what it would mean

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Speaker 1: to their family to be able to buy it, and

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Speaker 1: that that can actually be the thing that will kind

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Speaker 1: of send it one way or the other. It's a

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Speaker 1: great topic the things you can do, the things you

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Speaker 1: shouldn't do, and the things you definitely should not do

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Speaker 1: because it's actually borderline illegal. So that's the new episode

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Speaker 1: of the Property Pendulum with Fear and Greed and Domain.

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Speaker 1: That's coming up in the playlist next. But you can

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Speaker 1: also search for the Property Pendulum wherever you listen to podcasts.

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Speaker 2: Thank you Sean, Thank you Michael.

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Speaker 1: It is Thursday, the seventeenth of October twenty twenty four.

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Speaker 1: Make sure you're following the podcast and please join us

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Speaker 1: online on LinkedIn, Instagram, x TikTok and facebok book. I'm

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Speaker 1: Michael Thompson And that was Fear and Great. Have a

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Speaker 1: great day.