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Ryan Bridge: Trump's unpredictability is predictable · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: Another Reserve Bank rate cut. It was largely as expected
• 0:03
  Speaker 1: twenty five basis points. The rest of the press conference
• 0:06
  Speaker 1: and much of the monetary policy statement that followed, was
• 0:09
  Speaker 1: focused on the unpredictable global environment. We can't say this
• 0:14
  Speaker 1: because we don't know what Trump will do. We can't
• 0:17
  Speaker 1: be certain about that because Trump and the trade war, etc.
• 0:21
  Speaker 1: But at what point does unpredictability become predictable and therefore
• 0:27
  Speaker 1: not the great threat that we make it out to be. Yes,
• 0:30
  Speaker 1: Trump went nuts on Liberation Day, the sky fallon. He
• 0:33
  Speaker 1: then calls a ceasefire in May. The markets have recouped
• 0:36
  Speaker 1: all of their losses since then. The endices are patchy,
• 0:39
  Speaker 1: but largely back to where they were. Trade talks are ongoing.
• 0:43
  Speaker 1: The IMF yesterday upgraded Britain's growth. US consumer confidence actually
• 0:48
  Speaker 1: increased last month for the first time in five China's
• 0:51
  Speaker 1: industrial growth for April was positive yesterday. Our agricultural experts
• 0:56
  Speaker 1: are doing the business abroad. Trump rant and raves on Twitter.
• 1:02
  Speaker 1: He unannounces stuff as quickly as he announces stuff. He's impulsive,
• 1:07
  Speaker 1: he's emotionally reactive, vindictive, He's a weather vein the political
• 1:12
  Speaker 1: equivalent of Katie Perry. Because he's hot, then he's cold.
• 1:16
  Speaker 1: He's in then he's out, he's up, then he's down.
• 1:21
  Speaker 1: He's wrong when it's right, he's black when it's white.
• 1:25
  Speaker 1: You get where I'm going with this. The point is
• 1:28
  Speaker 1: we know this about him. We know he's unpredictable, and
• 1:31
  Speaker 1: that makes his unpredictability predictable. I reckon we aren't taking
• 1:37
  Speaker 1: his threats as seriously as we were two months ago.
• 1:40
  Speaker 1: Not the US consumer, not Chinese industry, not US, and
• 1:45
  Speaker 1: you know who else should stop paying him so much
• 1:48
  Speaker 1: damn attention the Reserve Bank. For more from Early edition
• 1:53
  Speaker 1: with Ryan Bridge. Listen live to News Talk said B
• 1:56
  Speaker 1: from five am weekdays, or follow the podcast on it
• 2:00
  Speaker 1: Heart radio