Ed

And so there is oil and there is diesel and there are petrol prices that impact the cost of all goods around us.

And so what the Reserve Bank of New Zealand is really looking at is if we start to see oil prices go up, which we have,

If we start to see diesel prices go up, which we have, at what point does that have spillover effects and flow on to the wider economy?

They're watching and waiting at the moment because it's a little bit of a finely balanced... God, you didn't think that this was going to go on this long, but here we go.

It's a little bit of a finely balanced...

view at the moment, because on one hand, we've got prices going up, but on the other hand, the New Zealand economy is still pretty weak.

Businesses don't have the same ability to pass on and just raise prices of goods at the moment because consumers are willing to cross the road and go somewhere cheap.

And so that diminishes the ability for businesses to increase their prices.

So that's kind of the broad view of how it impacts house prices, which is not that much, and also how

how this impacts your back pocket and your kind of everyday life.

Sorry, Andrew, I really went on.

Now, there's a couple of really good questions here.

One person said, what's the password for the spreadsheet?

So you can use the spreadsheet to run all of the numbers that we talked about tonight without actually needing the password.

What the password just does is hides all of the calculations, A, because we spent over $12,000 building them, so we don't want everybody willy-nilly and copying it.

Otherwise, you might see a lot of other mortgage advisors or a lot of our competitors

passing off the same spreadsheet.

We want to give you the tool without saying you can also copy it or let other mortgage advisors copy it and then we spent 12 grand for nothing.

So we're not going to give you the password to look at all of the calculations behind it.

The second reason we don't give it out is that in the past, when we have given spreadsheets, people go in and change the calculations and then email me saying, Ed, what have I done wrong?