Anthony Macdonald

It's not easy out there.

Yeah, totally.

I mean, that's why they got to target the inflation expectations rather than the actual numbers.

But yeah, I mean, they're running it pretty hot and there's no magic solution to just stamping it out or they don't want to pull the trigger at least.

Depressing thought, isn't it, James?

I couldn't agree more with your first reaction there.

I don't know.

I mean, in theory, I get what Rosh is saying, but...

Are we really saying that SMEs aren't going to try and grow the business when there's an opportunity to just because of the potential tax bill?

I mean, I get it from an investor's perspective how that comes into the equation.

When you're a capital allocator, you can invest across wherever you want.

When it's your small business, what are you doing it for?

What are your motivations?

I'm not sure it's all going to be about that nest egg at the end of the day, but if thinking like this catches on through the economy, that's when there's a real problem.

Yeah, there's not much else that's worth talking about at the moment, it feels like, James.

This AI, what happens in the next 12 months, I think it's really going to set the scene for, you know, the way we're working in 10 years' time.

Absolutely.

Absolutely.

The Australian Financial Review.

I think you want me to say it's good news, James, but I just can't do it.