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Speaker 1: We've got a bunch of new economic numbers this morning.

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Speaker 1: Recovery is underway finally. We've had a few false storms before,

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Speaker 1: as you know, so I'm not going to overcook this,

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Speaker 1: but things are moving in the right direction. Investor confidence

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Speaker 1: is up for quarter three. Most regions are now getting

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Speaker 1: a slice of the recovery action, not just the provinces.

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Speaker 1: This is according to Informetrics this morning. What's most interesting

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Speaker 1: is investor confidence, led by Auckland, is.

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Speaker 2: Up quite a bit. And they're not worrying so much

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Speaker 2: about all the dramatic headlines from Trump. They're basically shrugging

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Speaker 2: them off. And our attitudes to different types.

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Speaker 1: Of investments are changing. The proportion of us who see

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Speaker 1: owning your own home as the best investment is now

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Speaker 1: at its lowest level since twenty fifteen, and young people

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Speaker 1: are loving the stocks, which is no surprise. The SMP's

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Speaker 1: up almost fourteen percent this year. House prices are falling

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Speaker 1: or flat, which might help explain why the mood on

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Speaker 1: capital gains seems to have shifted a little bit. But

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Speaker 1: here's the thing with the capital gains. It will not

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Speaker 1: house prices, It will not fix the structural deficit. Yes,

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Speaker 1: it will provide tax revenue for doctor's visits. Sure, but

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Speaker 1: can those doctors' visits be delivered or just advertised in

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Speaker 1: some brochure.

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Speaker 2: Like Key we build. And to those who are enjoying

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Speaker 2: success with stocks, congratulations, your gains aren't taxed property? Is

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Speaker 2: the Canarian the coal mine? Surely it's a warning of

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Speaker 2: more to come. Give a politician an inch and they

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Speaker 2: will take a mile look at the fundamentals of this.

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Speaker 2: The capital gains tax won't fix the stuff you would

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Speaker 2: expect it to fix, and still leaves the state short

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Speaker 2: of revenue, so they will eventually, sure, as night follows day,

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Speaker 2: come for something else, and that something else will be

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Speaker 2: whatever's popular in this case today Stocks.

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Speaker 3: For more from Early Edition with Ryan Bridge. Listen live

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Speaker 3: to News Talks it be from five am weekdays, or

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Speaker 3: follow the podcast on iHeartRadio.