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Speaker 1: I know you shouldn't count your chickens before they hatch,

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Speaker 1: but can we just take a minute, just a little second,

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Speaker 1: to look, appreciate, and celebrate the good economic news that's

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Speaker 1: coming out at the moment. Government books aside because that

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Speaker 1: wasn't so great yesterday. Tomorrow's GDP read will show that

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Speaker 1: we bounced back with a little spring in our step

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Speaker 1: for quarter three close to one percent growth. They reckon

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Speaker 1: what's more, tomorrow that shocking read for quarter two that

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Speaker 1: we all hated had us diving under our desks. That

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Speaker 1: should be revised down because it wasn't actually as bad

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Speaker 1: as the top line number that we were given to

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Speaker 1: begin with. Today, consumer confidence is on the rebound. New

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Speaker 1: Zealand fantastic news. This is the Westpac McDermott Miller survey.

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Speaker 1: It's up five point six points. This is the highest

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Speaker 1: level this year. Now it is still slightly below one hundred,

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Speaker 1: which means we're still a little more glass half empty

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Speaker 1: than half full. But it's going in the right direction,

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Speaker 1: as are the seek job adds, as are most of

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Speaker 1: the numbers that move furst when a recovery is underway. Now,

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Speaker 1: I say all of this completely aware that we have

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Speaker 1: been here before, and we have fired blanks. We've had

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Speaker 1: many a false storm or a false start, But barring

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Speaker 1: any major cockups, this recovery feels like it's real and

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Speaker 1: starting to actually happen. The missing ingredient, of course, is

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Speaker 1: house prices, which are either sideways or backwards for most regions.

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Speaker 1: That's the liquor in your Irish coffee that really gets

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Speaker 1: things moving on the economic front generally. But this recovery

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Speaker 1: will happen without it. It won't be sooring property prices

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Speaker 1: that give birth to this recovery. It won't start in

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Speaker 1: an auction room with a hammer going down on a

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Speaker 1: four million dollar two Betty in sandring him. What's going

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Speaker 1: to drive this recovery and make it probably more of

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Speaker 1: a gradual one is confidence in our agricultural exporters, lower

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Speaker 1: mortgage interest rates, and I think, more than anything, a

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Speaker 1: feeling that we are just sick of being in that position.

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Speaker 1: Aren't you tired of it? The ironic truth of it

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Speaker 1: is that in order to get us out of this malaise,

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Speaker 1: we must spend money, rather than save it, which is

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Speaker 1: kind of your instinct. When these things happen, We must

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Speaker 1: go out and buy stuff, so this Christmas. Take that

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Speaker 1: confidence to your nearest shopping mall, and tonight I can

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Speaker 1: report I'm doing exactly that. Westfield I've checked this morning

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Speaker 1: is open till ten pm. I've found a tent I

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Speaker 1: need to buy, I'd want to buy, I'm going to buy,

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Speaker 1: and I've been eyeing it up today. I'm ready to

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Speaker 1: push play. I'm ready to push play on summer, on spending,

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Speaker 1: and on an economic Christmas miracle. For more from Heather

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Speaker 1: Duplessy Allen Drive, listen live to news talks. It'd be

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Speaker 1: from four pm weekdays, or follow the podcast on iHeartRadio