1 00:00:00,000 --> 00:00:01,600 Speaker 1: Once again we find ourselves in the midst of an 2 00:00:01,639 --> 00:00:03,800 Speaker 1: excellent economic week. I think excellent if you wish to 3 00:00:03,840 --> 00:00:05,720 Speaker 1: see it that way. Of course, one hundred percent of 4 00:00:05,720 --> 00:00:08,680 Speaker 1: hotels will be filled as coming Wednesday. Broadly speaking, you 5 00:00:08,720 --> 00:00:10,840 Speaker 1: can't get a room. Auckland hasn't been full in years. 6 00:00:11,160 --> 00:00:13,320 Speaker 1: Along with the broad based cruise season, we got the 7 00:00:13,320 --> 00:00:15,560 Speaker 1: warmer summer travel period. We have a large conference in 8 00:00:15,600 --> 00:00:18,120 Speaker 1: a major concert coming. This can only get better when 9 00:00:18,120 --> 00:00:21,079 Speaker 1: the Convention Censer finally opens and Eden Park can actually 10 00:00:21,079 --> 00:00:24,479 Speaker 1: open its gates under proper first world rules. So a 11 00:00:24,560 --> 00:00:27,120 Speaker 1: record for hotel rooms, a record also this week for 12 00:00:27,160 --> 00:00:30,760 Speaker 1: first home buyers. Never have there been more young people 13 00:00:30,800 --> 00:00:33,519 Speaker 1: getting into their first home. This is the real celebration. 14 00:00:34,040 --> 00:00:36,800 Speaker 1: Despite many people's best efforts to steer money elsewhere, nothing 15 00:00:36,840 --> 00:00:40,080 Speaker 1: beach real estate. It's a multi generational obsession in this country. 16 00:00:40,240 --> 00:00:42,600 Speaker 1: Nothing will ever shift it. The owner of a home 17 00:00:42,800 --> 00:00:45,040 Speaker 1: or a house a place to call home. The ability 18 00:00:45,040 --> 00:00:47,479 Speaker 1: to adjust and mold it to your life and aspirations 19 00:00:47,720 --> 00:00:50,239 Speaker 1: is not to be underestimated, and people will bleed for 20 00:00:50,280 --> 00:00:55,639 Speaker 1: the pleasure. Money's cheap ish, money's readily available. People are 21 00:00:55,640 --> 00:00:57,600 Speaker 1: buying good on them. What drives all this or a 22 00:00:57,600 --> 00:01:00,200 Speaker 1: few simple economic truths. If you get the basics right, 23 00:01:00,440 --> 00:01:03,000 Speaker 1: you can't lose. This country must be a destination. It 24 00:01:03,080 --> 00:01:05,280 Speaker 1: must be open, it must be welcoming. Hence the importance 25 00:01:05,280 --> 00:01:08,240 Speaker 1: of sorting our downtowns out with the homeless and the trouble. Also, 26 00:01:08,280 --> 00:01:11,040 Speaker 1: the fundamentals must be right. You get inflation under control, 27 00:01:11,200 --> 00:01:14,560 Speaker 1: You earn your way instead of forever borrowing your way. 28 00:01:14,560 --> 00:01:17,080 Speaker 1: You set the economic table for the country to be 29 00:01:17,160 --> 00:01:19,160 Speaker 1: able to spend and take risk and believe they've got 30 00:01:19,200 --> 00:01:21,760 Speaker 1: a chance and the future. There are still plenty to do. 31 00:01:21,920 --> 00:01:23,840 Speaker 1: Jobs need to come right, of course, but the ads 32 00:01:23,840 --> 00:01:26,280 Speaker 1: are up. The media could play their part and drop 33 00:01:26,280 --> 00:01:29,000 Speaker 1: the misery obsession. News can be neutral and positive as 34 00:01:29,000 --> 00:01:32,080 Speaker 1: well as negative, and the Funk brigade could try just 35 00:01:32,160 --> 00:01:35,040 Speaker 1: try to accept that actually there is a decent shaft 36 00:01:35,040 --> 00:01:37,520 Speaker 1: of light at the end of that tunnel. Business confidence 37 00:01:37,600 --> 00:01:40,039 Speaker 1: in the SME sector this week also a good one. 38 00:01:40,240 --> 00:01:42,360 Speaker 1: Are the tourism numbers yesterday, will look at them again 39 00:01:42,400 --> 00:01:45,360 Speaker 1: this morning they're up again. Oh and the all blacks 40 00:01:45,360 --> 00:01:47,800 Speaker 1: one and we'll win again this weekend. If that stuff 41 00:01:47,840 --> 00:01:50,760 Speaker 1: moves you needle. In simple terms, this is going places. 42 00:01:50,880 --> 00:01:53,520 Speaker 1: I'm bullish on twenty six This week has been a 43 00:01:53,560 --> 00:01:57,480 Speaker 1: good building block for more from the mic Asking Breakfast 44 00:01:57,640 --> 00:02:00,960 Speaker 1: listen live to news talks that'd be from sixth Sam weekdays, 45 00:02:01,200 --> 00:02:03,240 Speaker 1: or follow the podcast on iHeartRadio.