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Speaker 1: The US economy is just humming along at the moment,

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Speaker 1: isn't it. Two point eight percent? As I mentioned earlier

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Speaker 1: in the program, two point eight percent is their lucky

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Speaker 1: number this morning. Two point eight percent annualized GDP for

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Speaker 1: the September quarter, better than the Eurozone, better than the UK,

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Speaker 1: much better than US. We're still going backwards. Twenty twenty

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Speaker 1: four has basically been a write off. But then we

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Speaker 1: went balls to the wall with interest rate hikes post COVID,

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Speaker 1: and we were the first out the gate to do

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Speaker 1: it as well. We've held higher for longer, and the

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Speaker 1: hangover is hitting like a forty ounces Smirnoff in the morning.

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Speaker 1: It's not pretty, is it. Sure the rates are coming down,

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Speaker 1: we saw more of that yesterday, but boy, the mess

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Speaker 1: that that wrecking ball has left behind. What's interesting about

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Speaker 1: the Americans, even though their consumer confidence was low as

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Speaker 1: ours has been as well, they would still go out

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Speaker 1: and use the credit card to buy stuff. In other words,

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Speaker 1: the sentiment there didn't match the reality, which is what

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Speaker 1: we're seeing in the GDP number that's been announced this morning,

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Speaker 1: which should and do envy. Of course, they're a country

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Speaker 1: that's run on domestic consumption. We run on trade and

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Speaker 1: we haven't been helped by the likes of China where

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Speaker 1: there's been the slow down, Europe, etc. There are the

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Speaker 1: markets that we must sell to to make a buck.

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Speaker 1: But there is a question here for Nicola Willis, now

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Speaker 1: that inflation is beat, how much further will you go

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Speaker 1: with the belt tightening? Is a return to surplus at

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Speaker 1: all costs, at any costs worth it? She's repeatedly said

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Speaker 1: not how much? Does she mean that? I guess we'll

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Speaker 1: find out when we get the HAIFU numbers for December

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Speaker 1: on the seventeenth, or when the Minister comes on the

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Speaker 1: show in twenty minutes. We'll ask you then too. For

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Speaker 1: more from Early Edition with Ryan Bridge. Listen live to

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Speaker 1: the podcast on iHeartRadio.