So consumers are feeling as bad as they would, if we were in an actual recession. Australians are employed at record levels, economic conditions are pretty strong but sentiment is glum. You might think that’s bad - but one of my experts this episode argues consumers feeling glum right now is a victory. Huh? Hint - it’s linked to rising prices. We’ve also got the latest on the state of mortgages after the full year results of two of the Big 4 banks. And differing views on rates - one thinks there’ll be only one rise next year while the other thinks there’ll be multiple. Welcome to the world of forecasting. ANZ Senior Economist Adelaide Timbrell and Peter Martin, the Economy Editor at The Conversation and a Visiting Fellow at the Crawford School of Public Policy join Gillian to explain. Find out more Gillian here.