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Ryan Bridge: The waiting game continues for the economy · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: Has Nikola Willis failed on growth in her year of
• 0:03
  Speaker 1: growth so far. Yes, we've gone nowhere in six months.
• 0:07
  Speaker 1: Quarter two basically wiped out quarter one. Should she resign? No?
• 0:11
  Speaker 1: Why Trump's tarrifs? She didn't see them coming, Sure, but
• 0:15
  Speaker 1: nobody saw them coming. Markets thought he was bluffing a
• 0:19
  Speaker 1: negotiation tactic until he wasn't. Businesses and mums and dads
• 0:23
  Speaker 1: sat on the cash to wait it out, which is
• 0:24
  Speaker 1: a reasonable response to an uncertain future. Should she borrow
• 0:28
  Speaker 1: and spend more, she can't. It'd be political sacrilege for
• 0:32
  Speaker 1: a party elected to do the opposite. Besides, she's already
• 0:35
  Speaker 1: borrowing Robertson level cash. The interest tabs nearing ten billion bucks,
• 0:40
  Speaker 1: and rating agencies are watching closely. The RBNZ printed money
• 0:44
  Speaker 1: like it was going out of fashion. Governments here and
• 0:46
  Speaker 1: abroad overcook the COVID response with border controls. The world
• 0:51
  Speaker 1: ground to a halt. We artificially concocted in the inflationary
• 0:56
  Speaker 1: wildfire so hot that the ambers burned close to the
• 1:00
  Speaker 1: central limits to this day. As for those calls from
• 1:03
  Speaker 1: Douglas and co. For Willis to her head on a steak,
• 1:07
  Speaker 1: that's what they're asking for. You've got to ask what
• 1:10
  Speaker 1: exactly is it they want and what impact would it
• 1:14
  Speaker 1: have had had she gone full Ruth Richardson in Budgets
• 1:19
  Speaker 1: one and two, getting the books in line sooner, that
• 1:21
  Speaker 1: growth number we saw yesterday, the one that prompted the
• 1:25
  Speaker 1: press release calling for her scalp, would have been a
• 1:28
  Speaker 1: hell of a lot worse than zero point nine negative.
• 1:32
  Speaker 1: So the waiting game continues, which is cold comfort to many,
• 1:36
  Speaker 1: but the medicine for such a nasty illness was always
• 1:40
  Speaker 1: going to be hard to swallow. For more from early
• 1:43
  Speaker 1: edition with Ryan Bridge. Listen live to news talks. It'd
• 1:46
  Speaker 1: be from five am weekdays, or follow the podcast on
• 1:49
  Speaker 1: iHeartRadio