Mike Hosking
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Podcast Appearances
The food price stats yesterday, they're virtually normal.
In other words, in the Reserve Bank bands, 0% to 3%, no extra inflation from the war.
The interest rate hikes...
that we're going to be needed to tame the so-called runaway secondary costs landing on our beleaguered economy may not be needed.
Sharon and I were talking about that just a moment ago.
Now, the common line used is, yes, some are doing it tough.
No, we're not out of the woods yet.
All of that's true.
I get that.
But it isn't as bad as predicted.
The facts cannot be denied unless you have a political agenda and it suits you to deny them.
In other words, if you look, on average, at the facts, most people have work.
Most people are under financial control.
The banks tell us this.
Spending is up.
We have some savings.
And looking forward, the war is over.
Things will get better.
The GDP today tells us what we were travelling like pre-war.
And that was pretty well, thank you very much.