1 00:00:00,000 --> 00:00:01,760 Speaker 1: Now, to give you an insight into just how hard 2 00:00:01,840 --> 00:00:03,880 Speaker 1: Christian Hawksby's job is today, have a look at what 3 00:00:03,920 --> 00:00:07,200 Speaker 1: the shadow board says. Now, the Nzidier has a monetary 4 00:00:07,200 --> 00:00:09,719 Speaker 1: policy shadow board. It's a bunch of economists in their 5 00:00:09,800 --> 00:00:12,000 Speaker 1: view as to what should be happening today. Some say 6 00:00:12,000 --> 00:00:15,200 Speaker 1: twenty five points, one says fifty. Some say don't do 7 00:00:15,280 --> 00:00:17,080 Speaker 1: anything at all. How do you deal with that? These 8 00:00:17,120 --> 00:00:20,119 Speaker 1: are experts. They know what they're doing, or do they? So? 9 00:00:20,360 --> 00:00:23,120 Speaker 1: No matter what Christian does, some of them are going 10 00:00:23,120 --> 00:00:25,040 Speaker 1: to be going what nurse they thinking? Think about the 11 00:00:25,079 --> 00:00:28,040 Speaker 1: difference between fifty and nothing? I mean, fifty is a lot. 12 00:00:28,240 --> 00:00:31,319 Speaker 1: Fifty is things aren't good and we need to fire 13 00:00:31,320 --> 00:00:33,800 Speaker 1: the place up a bit. Nothing as well, things are 14 00:00:33,840 --> 00:00:36,000 Speaker 1: just where we want them? Are they where we want them? No? 15 00:00:36,400 --> 00:00:38,680 Speaker 1: Is my answer, But then I'm not an economist. Most 16 00:00:38,680 --> 00:00:41,120 Speaker 1: of them say things like, boy, this is tricky. My 17 00:00:41,320 --> 00:00:43,680 Speaker 1: word isn't uncertainty the watch word of the day. And 18 00:00:43,720 --> 00:00:46,280 Speaker 1: it's through this murky mix of who the hell knows 19 00:00:46,280 --> 00:00:48,960 Speaker 1: what's going on? Christian has to wade and produce something 20 00:00:49,000 --> 00:00:51,000 Speaker 1: that will see us head into a half decent Christmas. 21 00:00:51,040 --> 00:00:53,120 Speaker 1: Of course, that's part of the mess. We're in. There 22 00:00:53,200 --> 00:00:54,960 Speaker 1: is a lot of water to go under our belliguate 23 00:00:55,000 --> 00:00:57,600 Speaker 1: bridge before Christmas, and a number of decisions from the 24 00:00:57,640 --> 00:00:59,480 Speaker 1: reserve banks still to come along. Of course, with the 25 00:00:59,600 --> 00:01:02,960 Speaker 1: much die sected commentary, what is twenty five or fifty 26 00:01:03,240 --> 00:01:06,319 Speaker 1: or nothing actually mean? What's old Christian thinking? Tell you 27 00:01:06,360 --> 00:01:09,000 Speaker 1: this for nothing? A big part of this equation is mood. 28 00:01:09,360 --> 00:01:11,039 Speaker 1: It's the same with the budget last week. In this 29 00:01:11,160 --> 00:01:14,080 Speaker 1: depreciation measure, you've got to want to get amongst this. 30 00:01:14,640 --> 00:01:16,640 Speaker 1: You have to take your mortgage rate cut and do 31 00:01:16,840 --> 00:01:19,119 Speaker 1: something with it. You have to want to buy your 32 00:01:19,160 --> 00:01:21,600 Speaker 1: tractor or your ute and depreciate at twenty percent. If 33 00:01:21,600 --> 00:01:24,640 Speaker 1: you're in a funk and you're not spending, then depreciating 34 00:01:24,680 --> 00:01:27,720 Speaker 1: nothing is nothing and no one gains. Christian or Nicola 35 00:01:27,760 --> 00:01:30,080 Speaker 1: for that matter, can't do it all. At some point 36 00:01:30,120 --> 00:01:32,760 Speaker 1: we have to believe. We have to have our arm twisted. 37 00:01:32,840 --> 00:01:34,800 Speaker 1: We have to see of a little bit of light. 38 00:01:35,200 --> 00:01:38,400 Speaker 1: Most important factor in any economy is us and mood. 39 00:01:38,800 --> 00:01:41,520 Speaker 1: At some point a switch has to go off, a 40 00:01:41,600 --> 00:01:44,000 Speaker 1: decision has to be made, and better days have to 41 00:01:44,000 --> 00:01:47,039 Speaker 1: be looked forward to. So let's hope today is part 42 00:01:47,040 --> 00:01:50,200 Speaker 1: of that story. For more from the mic Asking Breakfast. 43 00:01:50,320 --> 00:01:53,640 Speaker 1: Listen live to news talks it'd be from six am weekdays, 44 00:01:53,880 --> 00:01:55,920 Speaker 1: or follow the podcast on iHeartRadio