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Ryan Bridge: Shocks can come any time · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: Tong Riedo is a national park for a reason. It's
• 0:02
  Speaker 1: a stunning, beautiful part of this country and the fact
• 0:05
  Speaker 1: that's currently on fire is obviously worrying, not just because
• 0:09
  Speaker 1: it's a fire and you want filers to be put out,
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  Speaker 1: but also because of where it's happening. It will pay
• 0:14
  Speaker 1: who Central North Island. I've been taking a hammering lately.
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  Speaker 1: You'll know this. Mills factories, forestry, tourism has been affected.
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  Speaker 1: We've had the alpine lifts debarcle. The mountain's kind of
• 0:27
  Speaker 1: been battling for a week while all this after COVID,
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  Speaker 1: and now you potentially putting summer bookings at risk with
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  Speaker 1: a decent chunk of the park now raging fire. Businesses
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  Speaker 1: can only take so much before something breaks, as it
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  Speaker 1: has for many since the heady days of free government
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  Speaker 1: money during the pandemic. Today we're reporting one hundred and
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  Speaker 1: fifteen percent increase in insolvent seasons twenty twenty two. The
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  Speaker 1: problem is not just inflation eating into consumer spending and
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  Speaker 1: confidence and all that stuff, but also the sequence of
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  Speaker 1: the shocks. You know, it's kind of one thing after
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  Speaker 1: another and then those on the edge get pushed off.
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  Speaker 1: The economy generally has had inflation, recession, you know, weather events, tariffs,
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  Speaker 1: all this stuff happening. And basically, what I think this
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  Speaker 1: tells us is that shocks can come at any time,
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  Speaker 1: any place, not necessarily with a nice six or seven
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  Speaker 1: good years between them. What is next? Who knows? Is
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  Speaker 1: it the AI bubble bursting as we've been hearing about
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  Speaker 1: for the last couple of months. Is it another war,
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  Speaker 1: is it an oil shock, is it another fire ripping
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  Speaker 1: through a tourist hotspot. Take your pick. But the lesson
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  Speaker 1: I think the message is don't expect that it won't
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  Speaker 1: come soon, or that it won't come tomorrow. For more
• 1:43
  Speaker 1: from Early edition with Ryan Bridge. Listen live to News
• 1:46
  Speaker 1: Talks it be from five am weekdays, or follow the
• 1:49
  Speaker 1: podcast on iHeartRadio