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Liam Dann: NZ Herald business editor at large on inflation expectations going up in new data · Best of Business

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  Speaker 1: You're listening to a podcast from news Talk. S'd be
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  Speaker 1: follow this and our wide range of podcast now on iHeartRadio.
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  Speaker 2: Willam Dan, the Herald's business editor at large, as with
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  Speaker 2: us A Liam, Hey, Heather, Yeah, did you enjoy Toto
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  Speaker 2: last night?
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  Speaker 3: I did enjoy Toto? Yeah, yeah, bit of you know,
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  Speaker 3: yacht rock, bit of eighties yacht rock.
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  Speaker 2: I would have thought it a bit. It's a bit
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  Speaker 2: like soft glam rock.
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  Speaker 4: Well, a lot of it was. It was more. It
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  Speaker 4: was more of that than I thought.
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  Speaker 3: I mean, it depends whether they're playing their late seventies
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  Speaker 3: stuff or their early eighties stuff. But gee, they were good,
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  Speaker 3: good musicians.
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  Speaker 4: Were they?
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  Speaker 2: How many of their songs did you know?
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  Speaker 4: Though?
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  Speaker 3: I knew about five, which maybe means I knew about
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  Speaker 3: one more than well.
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  Speaker 2: And then so hold the line Rosanna Africa, Georgie Paulgi.
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  Speaker 4: Yeah, there's one called ninety nine.
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  Speaker 2: Oh you knew ninety nine?
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  Speaker 4: Yeah?
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  Speaker 2: I didn't know that one.
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  Speaker 4: Yeah.
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  Speaker 3: And there's another one I forgot the name, but it
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  Speaker 3: was sampled on a big house track in the nineteen nineties.
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  Speaker 3: That one of the big slow ballads.
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  Speaker 2: You know what I've been listening to all day today,
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  Speaker 2: The one that goes Pamela. Oh yeah, yeah, that was
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  Speaker 2: the other one.
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  Speaker 4: Some of it was classic here metal, wasn't it.
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  Speaker 2: Yeah, Pamela was cool and and and it's always weird.
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  Speaker 2: You go to a concert and you think, I mean,
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  Speaker 2: obviously everybody loved Africa. That was just peak everything. But
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  Speaker 2: there's always a weird song that you just love afterwards
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  Speaker 2: and you thrash on the Spotify. So New Zealand's listening
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  Speaker 2: of Pamela by Toto is going up today markedly. I
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  Speaker 2: bet it's totally based to me. And by the way
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  Speaker 2: you've written. The reason I'm asking you about.
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  Speaker 4: This is you've written a review on the Herald.
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  Speaker 2: Now your moon lighting some sort of music for Shonado
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  Speaker 2: for the Herald.
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  Speaker 4: Yeah, well they haven't.
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  Speaker 3: They've got a very hip, young entertainment team, so there
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  Speaker 3: hasn't got too many people wanting to do the dad rock.
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  Speaker 2: Did nobody want to do the daggy dads?
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  Speaker 1: Right?
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  Speaker 4: So I'm picking and share it with me.
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  Speaker 2: I'll do it with you out those young ones don't
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  Speaker 2: know what they're missing out on. It was there ever
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  Speaker 2: a time as good as Africa by Toto? It's spark
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  Speaker 2: Arena last night. Now listen let's talk about inflation. Okay,
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  Speaker 2: so I see consumer confidence has gone up, which is good,
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  Speaker 2: but inflation expectations have gone up as well, and people
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  Speaker 2: who are expecting inflation to go up are wrong.
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  Speaker 3: Well, yeah, that's kind of kind of the theory. They
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  Speaker 3: might be proved right. Things might change, they might change,
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  Speaker 3: but at the moment, consumers are still really feeling the
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  Speaker 3: acute inflation pressure. I mean, there's no doubt about that.
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  Speaker 3: And so the latest consumer confidence confidence was up a bit.
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  Speaker 3: That's good, we'll take it. This is the A and
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  Speaker 3: Z Roy Morgan consumer confidence. But yeah, consumers also said
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  Speaker 3: they were worried about inflation. Now, you know, Sharon zol And,
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  Speaker 3: the chief economist at A and Z, has sort of
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  Speaker 3: written about this in a report. The points she's trying
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  Speaker 3: to make is and I guess I've been trying to
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  Speaker 3: make and a lot of people are trying to make,
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  Speaker 3: is that inflation probably won't be a problem later this year.
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  Speaker 3: And that's because we're expecting the economy is not going
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  Speaker 3: to pick up as much. Hope couse, it's going to
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  Speaker 3: take a bit of a dive as a result of this. Well,
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  Speaker 3: I mean, it's hopefully not going back to recession. But
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  Speaker 3: it's just that that you know that the upswing that
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  Speaker 3: we're looking for is taking much longer. You know, all
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  Speaker 3: the turmoil around the world sort of that the global
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  Speaker 3: growth being dampened is just will have an effect on
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  Speaker 3: New Zealand, even if there isn't direct impacts from the arbor.
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  Speaker 2: Does this thing call into question these surveys where we
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  Speaker 2: go out and ask a bunch of normal punters if
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  Speaker 2: they expect inflation to go up, and simply because inflation
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  Speaker 2: is bad and Trump's tariffs are bad, they go, yeah,
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  Speaker 2: is there any value in that?
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  Speaker 3: Well, I mean to the extent that they can be
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  Speaker 3: self fulfilling. I mean that there's always questions about these surveys,
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  Speaker 3: that's for sure. But you know, if consumers really believe something,
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  Speaker 3: it affects their behavior and then the behavior goes and
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  Speaker 3: you know, that's how spending goes. So if consumers think
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  Speaker 3: things are improving, then maybe they'll get out and spend.
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  Speaker 3: But yeah, it's still still fairly low levels of confidence.
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  Speaker 3: But you know, that little bit of upswing was probably
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  Speaker 3: a good thing on balance.
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  Speaker 2: What are you listening to on the way home?
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  Speaker 3: Oh, it's a good question. I'll be on my bike.
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  Speaker 3: I can't listen to anything on the bike. It's too dangerous.
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  Speaker 4: Does that really?
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  Speaker 2: Can you not drive and listen to music.
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  Speaker 4: On the on the cycle?
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  Speaker 1: Ah?
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  Speaker 2: Yes about a bicycle? Yeah, bicycle because you've got to
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  Speaker 2: leave the jacket on. I thought you were cool and
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  Speaker 2: going on a motorbike.
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  Speaker 4: No, no, I'm not crick bike.
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  Speaker 2: No, it's probably better if you don't because we need
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  Speaker 2: you to hear the cars.
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  Speaker 4: But yeah, could have been. Toto could have.
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  Speaker 2: Been if he didn't, if he wanted to die. Liam,
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  Speaker 2: Thank you, go and enjoy your long weekend. That's Liam Dan,
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  Speaker 2: the Herald's business editor at large and also music reviewer.
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  Speaker 1: Now for more from News Talk st B, listen live
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