Bernard Hickey

What we had was a very flat economy and businesses were suffering the aftermath of COVID.

And I would agree with what Bernard Hickey says, that the economy is really a housing market with bits tacked on.

So what we had had in 2020-2021 was an enormous speculative boom in housing.

We were the worst in terms of that in the OECD.

It's interesting what you're talking about with the investing in New Zealand and the opportunities for investing here and using KiwiSaver to do so.

A few weeks back, I had Bernard Hickey on.

And one of the things that he believes quite strongly is that we should use KiwiSaver and say it can only be invested in New Zealand and that that would really boost up a lot of the opportunities here.

What do you think about something like that? Or is that too hard and fast of a rule?

We haven't got Catherine today.

Yes, Catherine's on leave, so to speak, and we'll have Robert Patman on from about 5.20, we hope, through to about 5.40. And then we'll be talking to Shamil Yacob, the Simplicity chief economist and regular researcher and commentator on economic issues.

Yeah.

He'll be here to talk about what's just happened with the Reserve Bank, talking perhaps a bit about the economic policies of the parties and KiwiSaver policy.

And that's not true.

A supply shock in a weak economy is not the same as an overheated economy experiencing push shocks.

And I think that lack of nuance, that lack of willingness to think about the effect on New Zealanders really lets economists down.

So there's a problem with a lot of organizations is that they often fight the last war.

you.

This is really important because I saw it on my Blue Sky feed before, but Chloe did an interview with Bernard Hickey, and this is the screenshot from that where we've now found out that Chloe has cat ears.

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That's actually quite true, just so you know.