Christoph Schumacher

It's all there.

We just need to be a bit smarter.

with it for people?

Difficult.

Maybe it requires some reflection.

There's this famous thing in the idea of we can be prosperous without growth.

We've gotten obsessed with the idea that GDP always needs to grow, right?

If we don't grow, we go backwards.

That's, hmm.

It's driving and that phrase, absolutely beautiful, that parts of our issue is that we buy things with money we don't have to impress people we don't care about.

Yes.

And that is part of things.

Maybe...

We can have some phones that are not the latest or drive a car that's a few years old.

Just reflecting on individuals that now is possibly the time to maybe be a bit more careful with your spending and realize what a beautiful country New Zealand is and enjoy what it offers rather than to feel under pressure to always keep up with the latest, most modern stuff.

You're right.

What we see is generally, to fight inflation, the OCR goes up.

It simply means money becomes more expensive.

And that means we spend less because suddenly you still live in the same house and you pay twice as much in interest because the OCR has gone up.

That'll stop you spending somewhere else.