only impacting a smaller portion.

Correct.

So we used to have as many people or more people had a mortgage and less people were retired.

Now we've got heaps of retired people and their properties, they bought them for $300,000 and they're worth $3 million.

And they've got super because they've been paying super since 1996, whenever it was.

So they've got big super funds.

They're doing really well.

Well, I,

Have you got a Kerry Packer story that you are able to share?

One I can share on radio.

I've got millions of them because we ultimately became great mates, as I did with James, his son, and I am still very friendly with James.

Fantastic.

So, yeah, I'll give you one quick story.

When I walked into his office after the deal had been done but we hadn't received any money and he hadn't signed the contract, I was told by James, James, I had to go and meet Kerry just to close his deal off because it was quite a big deal for the entity that was investing in us at the time.

They were going to invest $25 million into our business and that was significant.

I've seen your chat to Ray Hadley, which goes back a little way now, but how do you decide who to talk to? Is it what's in the news, or what do you do?

yeah, well,

I'll give you one quick story.

When I walked into his office after the deal had been done, but we hadn't received any money and he hadn't signed the contract, I was told by James I had to go and meet Kerry just to close his deal off because it was quite a big deal for the entity that was investing in us at the time.

They were going to invest $25 million into our business, and, you know, that was significant.

And he said, oh, man, and I sat down.

I didn't really know Kerry, and I sat down with him And he asked me, he just stared at me and smoking a cigarette.

And I had no idea what was going on.

I've seen your chat to Ray Hadley, which goes back a little way now, but how do you decide who to talk to? Is it what's in the news, or what do you do?

So what's going to change that, Mark? What do we need to do to change the current settings?

settings?Well, first thing we just need the federal government to stop spending money and trying, um, putting money back into the economy because, you know, a, a large part of the inflation number is the amount of money that's finding its way back into the, back into the economy and somehow it gets, not into everybody's pockets, but somehow it gets into our pockets or, or into the system, and that basically puts vendors in a position to put their prices up.

That's the first thing.

That's absolutely the first thing.

Um, probably what you need to see, too, is a change in the unemployment number.

No one wants to see people lose their jobs, but at the current unemployment number, that is, um, uh, sort of inflationary.

What...

Michelle Bullock is flagging that house prices could fall by up to 20%.

Is that – Well, his –

Look, the guy is probably the greatest marketer.

You'd have to put him down as one of the greatest marketers of all time.

Like seriously marketing.

I mean, like he's taking himself from a TV guy to president United States in two rounds.

That's pretty amazing.

Um, And part of that is about his marketing consistency.

about AP Eagers, aren't

Is that

– Well, his – Look, the guy is probably the greatest marketer.

You'd have to put him down as one of the greatest marketers of all time.

Like seriously marketing.

I mean, like he's taking himself from a TV guy to president United States in two rounds.

That's pretty amazing.

Um, And part of that is about his marketing consistency.

you're talking about? No,

Mm

... working in the restaurant at Northey's.

And, uh, we used, in those days we used to cook what was considered pretty fancy, but it was like lobster thermidor and those sorts of things.

[laughs]

You know, lobster mornay.

And, um, but coming from a Greek family, all the men can cook.

And, uh, and, uh, there was like six boys, one passed away early, but like the other five brothers always competing with the food, and, uh, we all learned how to cook, and, uh, especially me, 'cause I was the, sort of the oldest cousin.

I'm the second oldest cousin out of like a million of us.