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Anthony McDonald

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604 total appearances
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Appearances Over Time

Podcast Appearances

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

The polls have turned terribly for them since the budget.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

Rates are going up.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

The economy is slowing.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

Business and consumer confidence has crashed.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

and the government's feeling the heat.

832.39 View full episode →
Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

And the government's problem is not just these tax changes, it's the general direction of the economy.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

That's what's really driving the discontent here.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

So when you've got a restaurant owner looking out there at their restaurant and half the tables are empty, and then there's this whole tax changes thing in the air, and they're wondering why people aren't spending, they just lump it all together, put it all under the topic of discontent, I think, which has really turned into a movement.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

James, you had a great discussion with NAB CEO Andrew Irvine, who runs the country's biggest business bank, for the AFR's interview series earlier this week.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

I really liked how he framed this debate.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

How does he see it?

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

Oh, 100%, it has, James.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

I mean, that door was already opening.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

And like I said before, it comes down to discontent, you know, voters feeling like life's harder.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

The big swing factor is the economy, or to be even more specific, the hip pocket.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

It's a global theme, you know, incumbent governments, incumbent political parties are under more pressure and have been since the financial crisis as voters are getting more frustrated, you know, as they feel like...

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

The political system's not working for them anymore.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

The days of easy growth and rising incomes and productivity and just living standards being better just aren't there anymore for them.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

So, you know, that's what's fueling this One Nation rise.

Chanticleer
CGT backflip flops, KPMG cops a roasting & RBA’s rate rise warning

I mean, Donald Trump's been elected twice on it in the US and now we're seeing One Nation tap into it here.