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Ryan Bridge: The economic freeze has no end in sight · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: And it's about that time of year when it feels
• 0:03
  Speaker 1: like winter is really starting to drag. And I think
• 0:07
  Speaker 1: it must be really starting to drag for Christopher Luxen too.
• 0:12
  Speaker 1: It's cold, it's dark. We just want to be at
• 0:15
  Speaker 1: the beach, like all of our poser friends on Instagram
• 0:17
  Speaker 1: who are in Bali or Europe being absolute you know
• 0:21
  Speaker 1: what's but we endure this gloomy season safe in the
• 0:25
  Speaker 1: knowledge that one day, in a month or so, springtime
• 0:27
  Speaker 1: will come, the days will get longer, everything about life
• 0:30
  Speaker 1: will just feel easier, easy, breezy, warm, great, get me
• 0:34
  Speaker 1: to it now. Contrast that to the economic winter that
• 0:37
  Speaker 1: we're simultaneously enduring right now, and you can see that
• 0:40
  Speaker 1: there's an immediate problem. Unlike winter, which we know will
• 0:43
  Speaker 1: end soon, this economic funk has graced us longer than
• 0:47
  Speaker 1: the gfc's inflation is on its way back up. For goodness, Sacks,
• 0:51
  Speaker 1: we may have bounced out of a recession for a
• 0:52
  Speaker 1: few quarters, but there's also a good chance we currently
• 0:55
  Speaker 1: back in negative growth territory. That's after three years of
• 1:00
  Speaker 1: unaffordable food, your mortgages, pretty much everything. You know this,
• 1:05
  Speaker 1: I know this. Politicians are arguing again at the weekend
• 1:09
  Speaker 1: about who's to blame. The answer, of course is the
• 1:12
  Speaker 1: Labor Party, the Reserve Bank. They went too far and
• 1:15
  Speaker 1: responding to the virus, and then we continue down the
• 1:19
  Speaker 1: spending spree, spending like a drunken sailor. Trump hasn't helped
• 1:23
  Speaker 1: just recently. The problem for National is that voters don't
• 1:26
  Speaker 1: seem to care much who started the fire. They just
• 1:29
  Speaker 1: want the whole thing put out quickly, and they need
• 1:33
  Speaker 1: to feel the numbers. This is National's problem, This is
• 1:36
  Speaker 1: the problem. They need to feel the numbers, not the
• 1:39
  Speaker 1: OCR announcement the top line, but they need to feel
• 1:43
  Speaker 1: the mortgage refixing on a lower rate. Food price inflation
• 1:47
  Speaker 1: is still going up, so things might be getting more
• 1:50
  Speaker 1: expensive less quickly, but they're still going up in price,
• 1:55
  Speaker 1: aren't they. Only once people feel different will the Poles respond.
• 2:00
  Speaker 1: For your Christopher Luxance. The biggest problem for the Coalition
• 2:04
  Speaker 1: on waiting for that to happen is not that some
• 2:07
  Speaker 1: might convert to Labor voters in the meantime, but that
• 2:10
  Speaker 1: they might jump ship all together and move to Brisbane.
• 2:14
  Speaker 1: For more from early edition with Ryan Bridge. Listen live
• 2:17
  Speaker 1: to News Talks at b from five am weekdays, or
• 2:21
  Speaker 1: follow the podcast on iHeartRadio,