Mark Mitchell
๐ค SpeakerAppearances Over Time
Podcast Appearances
So they're immediately cut.
discretionary stuff, and we're seeing that in our card data as well.
And that's the reality.
How much of it's... I mean, you saw the numbers out of Australia yesterday.
They're freaking out like we are.
How much of it is, we're in a funk, this is the end of the world, again, and so I'm not going to spend anything?
I've convinced myself times are bad.
Oh, a lot of it's that.
But, you know, people are fronting up to the petrol station and having to pay a lot more, so there's a physical...
higher price that they're having to pay.
And of course, there's uncertainty around how this war in Iran plays out.
So that is also paralyzing businesses.
And that kills growth, Mike.
You know, as soon as you start thinking like that, you postpone
that investment decision, you postpone that extra hire, and that really does cause the economy to go backwards.
They must know that in Wellington at number one or two, whatever their address is, the terrorists, mustn't they?
They must know that.
They can't come out and go, hey, there's 25 points, folks, enjoy that.
I mean, they can't do that, can they?
Since she started in December, she's played...