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Ryan Bridge: Are we on the cusp of an economic turn around? · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: We've got a bunch of new economic numbers this morning.
• 0:03
  Speaker 1: Recovery is underway finally. We've had a few false storms before,
• 0:07
  Speaker 1: as you know, so I'm not going to overcook this,
• 0:09
  Speaker 1: but things are moving in the right direction. Investor confidence
• 0:12
  Speaker 1: is up for quarter three. Most regions are now getting
• 0:14
  Speaker 1: a slice of the recovery action, not just the provinces.
• 0:18
  Speaker 1: This is according to Informetrics this morning. What's most interesting
• 0:22
  Speaker 1: is investor confidence, led by Auckland, is.
• 0:24
  Speaker 2: Up quite a bit. And they're not worrying so much
• 0:27
  Speaker 2: about all the dramatic headlines from Trump. They're basically shrugging
• 0:31
  Speaker 2: them off. And our attitudes to different types.
• 0:34
  Speaker 1: Of investments are changing. The proportion of us who see
• 0:37
  Speaker 1: owning your own home as the best investment is now
• 0:39
  Speaker 1: at its lowest level since twenty fifteen, and young people
• 0:44
  Speaker 1: are loving the stocks, which is no surprise. The SMP's
• 0:47
  Speaker 1: up almost fourteen percent this year. House prices are falling
• 0:49
  Speaker 1: or flat, which might help explain why the mood on
• 0:53
  Speaker 1: capital gains seems to have shifted a little bit. But
• 0:57
  Speaker 1: here's the thing with the capital gains. It will not
• 1:00
  Speaker 1: house prices, It will not fix the structural deficit. Yes,
• 1:05
  Speaker 1: it will provide tax revenue for doctor's visits. Sure, but
• 1:10
  Speaker 1: can those doctors' visits be delivered or just advertised in
• 1:14
  Speaker 1: some brochure.
• 1:14
  Speaker 2: Like Key we build. And to those who are enjoying
• 1:17
  Speaker 2: success with stocks, congratulations, your gains aren't taxed property? Is
• 1:22
  Speaker 2: the Canarian the coal mine? Surely it's a warning of
• 1:25
  Speaker 2: more to come. Give a politician an inch and they
• 1:27
  Speaker 2: will take a mile look at the fundamentals of this.
• 1:31
  Speaker 2: The capital gains tax won't fix the stuff you would
• 1:34
  Speaker 2: expect it to fix, and still leaves the state short
• 1:38
  Speaker 2: of revenue, so they will eventually, sure, as night follows day,
• 1:43
  Speaker 2: come for something else, and that something else will be
• 1:46
  Speaker 2: whatever's popular in this case today Stocks.
• 1:50
  Speaker 3: For more from Early Edition with Ryan Bridge. Listen live
• 1:53
  Speaker 3: to News Talks it be from five am weekdays, or
• 1:56
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