Anthony Macdonald

speaker

4,537 appearances 16 recordings 1 series first heard Apr 2026 last heard 2d ago

Anthony Macdonald’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 16 in all, peaking in Sep 2026 with 4.

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Yep. voice-verified

And the converse is also true. voice-verified

You know, you spend less when the value of the home is tanking. voice-verified

So we know home prices are tanking. voice-verified

The question is how that flows through to consumption and household consumption. voice-verified

I mean, you were talking about it last week, James. voice-verified

I mean, it's actually been quite strong, right? voice-verified

So people are either dipping into their reserves, and I'll put my hand up on that one, or it's the non-borrowers that are spending and voice-verified

And we have a question about that later. voice-verified

But the economists are also thinking, all right, so does the spending drop off more as the house prices fall more? voice-verified

Challengers Jonathan Kearns had a look this week. voice-verified

He basically said, look, there's not enough data around. voice-verified

We haven't seen this happen too much. voice-verified

Mm. voice-verified

It should, but probably not to the same extent. voice-verified

So the size of the fall in the house prices does matter. voice-verified

But I mean, he doesn't think we're necessarily going to see the consumption drop off at the same rate. voice-verified

Anyway, batten down the hatches, James, the economy. voice-verified

Is weakening, if the economists are right, consumption will come under pressure. voice-verified

We're going to be consuming less. voice-verified

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