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Speaker 1: It's probably came out on the wrong day to get

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Speaker 1: the coverage it actually deserved. But none of the last

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Speaker 1: or latest pieces of the economic turnaround has told us basically,

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Speaker 1: we are there. We have arrived. This is consumer confidence.

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Speaker 1: It is back. It is up six points to ninety eight.

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Speaker 1: Now it needs to be one hundred and more for expansion,

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Speaker 1: but it's the highest figures in Stune. It backs the

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Speaker 1: business confidence of last week, which was up a lot.

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Speaker 1: Business comes first because they see the turnaround on sales.

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Speaker 1: The spending numbers back that up because they're pretty much

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Speaker 1: real time, and then you get the confidence as a

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Speaker 1: follow up are given. Although we are spending, some may

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Speaker 1: not want to admit it may still feel a bit

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Speaker 1: bit of a funk. But added all together and the

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Speaker 1: conclusion is inescapable. You can also add the ASB housing

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Speaker 1: numbers if you want to give you those half an

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Speaker 1: hour ago. Confidence in the housing market at a fifteen

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Speaker 1: year high. Why because it's almost perfect good supply, cheap money.

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Speaker 1: But most importantly, we seem to have crossed the psychological

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Speaker 1: barrier and given ourselves permission to start to feel good again.

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Speaker 1: The irony is the growth that drives all of this

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Speaker 1: might just have been there all along. I mean, we

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Speaker 1: get the Q three GDP number later on this month,

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Speaker 1: informetrics have already forecast that to be zero point nine.

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Speaker 1: Add that to the rest of the year and you're

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Speaker 1: well above the growth line. I mean, not a lot.

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Speaker 1: I mean, but none of the commentary's back that up.

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Speaker 1: We've been miserable all year, allegedly, which is not to

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Speaker 1: say some aren't still doing it tough. It's not to

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Speaker 1: say it's going to be boon times, just to say

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Speaker 1: there comes a point where the facts, the figures, and

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Speaker 1: the evidence can no longer be denied. Here's my next prediction.

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Speaker 1: As a result of all of this, twenty twenty six

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Speaker 1: might well be a very good year. Indeed, based on

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Speaker 1: the idea that economies are about psychologies. Yes, they're about

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Speaker 1: the fundamentals, but if the fundamentals are in place, the

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Speaker 1: next thing you look for is mood. And given the

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Speaker 1: mood has been so repressed, when we decide to take

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Speaker 1: the handbrake off, there might just be no stopping us.

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Speaker 1: As I said last week, don't underestimate the Reserve Bank

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Speaker 1: and the finality of that cut. This was it. We've

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Speaker 1: done our job. You are free to go enjoy your life.

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Speaker 1: For those waiting and dillydallying, that was what they were

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Speaker 1: waiting for. My next confidence survey will be over one hundred,

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Speaker 1: and that will be the start of a trend for

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Speaker 1: the year ahead. Remember where you heard it first. For

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Speaker 1: more from the Mic Asking Breakfast, listen live to News

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Speaker 1: Talks at B from six am weekdays, or follow the

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Speaker 1: podcast on iHeartRadio.