The All Blacks faced their first loss of the South Africa tour on Sunday as the Springboks held them off to win 33 - 26. 

But, Newstalk ZB lead rugby commentator Elliott Smith isn't concerned. 

"I think this is what we expected out of the series, Mike, a ding dong battle, and that's exactly what we've got," he told Mike Hosking.

LISTEN ABOVE 

The All Blacks faced their first loss of the South Africa tour on Sunday as the Springboks held them off to win 33 - 26.&nbsp;
But, Newstalk ZB lead rugby commentator Elliott Smith isn't concerned.&nbsp;
"I think this is what we expected out of the series, Mike, a ding dong battle, and that's exactly what we've got," he told Mike Hosking.
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

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Elliott Smith: Newstalk ZB rugby commentator on All Blacks loss

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b8cb3676-6c48-4f6a-a5db-b4b6014e8c48/transcript

New Zealand's debt levels are closing in on $1 trillion, almost doubling in the last ten years. 

Economist Cameron Bagrie told Mike Hosking that while our debt issues need to be solved, on a global level we aren't out of the norm. 

"The government books are a lot healthier than what we're seeing in an awful lot of other countries around the globe, but we're, we're a shaky island, so we get a bit of a shock every sort of 10 years, so we can't afford to take debt probably too much beyond 50% of GDP."

LISTEN ABOVE 

New Zealand's debt levels are closing in on $1 trillion, almost doubling in the last ten years.&nbsp;
Economist Cameron Bagrie told Mike Hosking that while our debt issues need to be solved, on a global level we aren't out of the norm.&nbsp;
"The government books are a lot healthier than what we're seeing in an awful lot of other countries around the globe, but we're, we're a shaky island, so we get a bit of a shock every sort of 10 years, so we can't afford to take debt probably too much beyond 50% of GDP."
LISTEN ABOVE&nbsp;

Cameron Bagrie: Economist on NZ debt levels closing in on $1 trillion

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c2b74200-9fe6-4b1d-b5b1-b4b6015916e9/transcript

Prime Minister Christopher Luxon joined Mike Hosking in studio for their weekly chat, covering fuel excise tax and concerns from students over student loan changes. 

“Frankly, it’s just not right that we have a heavily subsidised tertiary education system, you take the benefit of that, you go off and decide you’re going to give your effort to another economy and then you’re not going to pay your debt,” Luxon told Hosking.

LISTEN ABOVE 

Prime Minister Christopher Luxon joined Mike Hosking in studio for their weekly chat, covering fuel excise tax and concerns from students over student loan changes.&nbsp;
“Frankly, it’s just not right that we have a heavily subsidised tertiary education system, you take the benefit of that, you go off and decide you’re going to give your effort to another economy and then you’re not going to pay your debt,” Luxon told Hosking.
LISTEN ABOVE&nbsp;

Christopher Luxon: Prime Minister responds to student concerns

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/28556b93-c998-48c2-911f-b4b60155c9a2/transcript

To the Reserve Bank, the cash rate and the state of NZ Inc.

It's assumed by most that the cash rate will be increased 25 points to 2.75%.

It's also assumed there will be another one by the end of the year. What happens after that has a “who knows” feel about it.

What I feel, to a degree, is a groundhog-ish sort of vibe.

We have been here before. We were here before the war. The momentum was building, the recovery was on and we started to feel good about the place.

Then Trump blew it up.

It turns out, if Westpac are right, the period of the war (April, May and June i.e Q2) wasn’t as bad as we thought it might be.

They argue we will see negative growth of -0.1%, so in other words, it's flat and a return to real growth in this current quarter. This is all good!

What the Reserve Bank worry about is inflation. Perhaps they shouldn't be as much as they might be? No it is not in the band, but it's tracking that way.

Business and their desire to bump prices has hit a wall. We simply won't pay and we'd rather not buy than pay more.

The exceptions are rates, power, insurance and imported stuff like oil and also, previously, food.

The Reserve Bank can look through oil a bit. Insurance is starting to be under control. Even power for some is starting to fall in price as generation costs fall.

Food at 1.9% is sorted. Rates of course are an ongoing scandal but, and this is where Kiwibank are right, there is enough there if you were of a mind to just take a beat and let this play out a bit further.

In other words, given we are back where we were about a year ago i.e on the move and feeling better, why would you take a hammer, or at least a negative view of it all, and squeeze when you don’t really need to?

Why risk choking off what little we currently have?

To my mind it is a persuasive argument. It's perhaps a weakness in the Reserve Bank riding instructions, the singular focus on inflation.

But we are currently coalescing under the broad idea of "here we go again", "it's coming right" and "at last, better days ahead".

Please, just for Wednesday, don't wreck it. Is that too much to ask?

LISTEN ABOVE 

To the Reserve Bank, the cash rate and the state of NZ Inc.
It's assumed by most that the cash rate will be increased 25 points to 2.75%.
It's also assumed there will be another one by the end of the year. What happens after that has a “who knows” feel about it.
What I feel, to a degree, is a groundhog-ish sort of vibe.
We have been here before. We were here before the war. The momentum was building, the recovery was on and we started to feel good about the place.
Then Trump blew it up.
It turns out, if Westpac are right, the period of the war (April, May and June i.e Q2) wasn’t as bad as we thought it might be.
They argue we will see negative growth of -0.1%, so in other words, it's flat and a return to real growth in this current quarter. This is all good!
What the Reserve Bank worry about is inflation. Perhaps they shouldn't be as much as they might be? No it is not in the band, but it's tracking that way.
Business and their desire to bump prices has hit a wall. We simply won't pay and we'd rather not buy than pay more.
The exceptions are rates, power, insurance and imported stuff like oil and also, previously, food.
The Reserve Bank can look through oil a bit. Insurance is starting to be under control. Even power for some is starting to fall in price as generation costs fall.
Food at 1.9% is sorted. Rates of course are an ongoing scandal but, and this is where Kiwibank are right, there is enough there if you were of a mind to just take a beat and let this play out a bit further.
In other words, given we are back where we were about a year ago i.e on the move and feeling better, why would you take a hammer, or at least a negative view of it all, and squeeze when you don’t really need to?
Why risk choking off what little we currently have?
To my mind it is a persuasive argument. It's perhaps a weakness in the Reserve Bank riding instructions, the singular focus on inflation.
But we are currently coalescing under the broad idea of "here we go again", "it's coming right" and "at last, better days ahead".
Please, just for Wednesday, don't wreck it. Is that too much to ask?
LISTEN ABOVE&nbsp;

Mike's Minute: "Why risk choking off what little we currently have?"

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f4ac0c1a-995d-4a3d-93c6-b4b60149245d/transcript

Elliott Smith: Newstalk ZB rugby commentator on All Blacks loss

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