On the Mike Hosking Breakfast Full Show Podcast for Friday the 17th of October, the online censorship mess is back involving the Mowbrays and false allegations. Just how do you deal with it when social media goes feral?

England cricket coach Brendon McCullum joins Mike to talk his time with the team ahead of their series against the Black Caps - before the big Ashes tour next month.

Kate Hawkesby and Tim Wilson wrap the week, discuss Brendon McCullum's alleged dislike of Mike and Kate has a bone to pick with her husband too!

Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.

On the Mike Hosking Breakfast Full Show Podcast for Friday the 17th of October, the online censorship mess is back involving the Mowbrays and false allegations. Just how do you deal with it when social media goes feral?
England cricket coach Brendon McCullum joins Mike to talk his time with the team ahead of their series against the Black Caps - before the big Ashes tour next month.
Kate Hawkesby and Tim Wilson wrap the week, discuss Brendon McCullum's alleged dislike of Mike and Kate has a bone to pick with her husband too!
Get the Mike Hosking Breakfast Full Show Podcast every weekday morning on iHeartRadio, or wherever you get your podcasts.

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, 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,...

The Mike Hosking Breakfast

Full Show Podcast: 17 October 2025 

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5add6e50-881b-4689-93ad-b378014c9431/transcript

The problem with people like Paul Conway, who is the Chief Economist at the Reserve Bank, is they “know” some stuff. 

They sound good in a speech, but their record exposes them badly. 

Paul gave a speech this week to the National Financial Advisers conference. 

He talked about how expensive this country is, and he talked about our lack of productivity. If the speech had been a school project, he would probably have got a good mark. 

You couldn’t argue with what he said. 

We aren't very efficient. Things like construction cost more here than anywhere in the OECD. We were once okay at productivity, but we aren't anymore and our real ability to buy stuff is going backwards. 

He noted before 2020 our purchasing power was growing faster than the OECD's. Now ask yourself a question – what happened in 2020 and post 2020? Covid of course. 

Covid was no one's fault (well, possibly the Chinese). But the response was the key and, in that response, as is well documented, we blew it. We blew it sky high and ended up with inflation north of 7%, some of which was over seen by Mr Conway and his mate Adrian Orr at the Reserve Bank. 

Paul argues inflation is critical given the cash rate helps anchor prices. Does it? 

He cites the prices that make us the most expensive place in the world: rates, power, and insurance. Did the cash rate do anything for those? No. 

Other prices he cited, like butter and lamb, are also expensive and expensive for obvious and well documented reasons. And, ironically, expensive for good reason for NZ Inc. 

Part of the issue is market size. It's why Walmart is successful. It has a population base of over 300 million. We don’t. 

Supply of goods is cheaper per unit when you buy millions of them. We don’t. 

The productivity question has been bounced around for years and never really been solved. Many people don’t even agree what productivity is. 

Is it a robot replacing a human? Is it building a road faster? Is it inventing a thing that changes the world? 

Part of the reason the Reserve Bank blew Covid so badly is they write speeches like Conway's. 

They live in Wellington in small rooms theorising. The moment you give them a bit of real world, look what they do with it. 

The problem with people like Paul Conway, who is the Chief Economist at the Reserve Bank, is they “know” some stuff.&nbsp;
They sound good in a speech, but their record exposes them badly.&nbsp;
Paul gave a speech this week to the National Financial Advisers conference.&nbsp;
He talked about how expensive this country is, and he talked about our lack of productivity. If the speech had been a school project, he would probably have got a good mark.&nbsp;
You couldn’t argue with what he said.&nbsp;
We aren't very efficient. Things like construction cost more here than anywhere in the OECD. We were once okay at productivity, but we aren't anymore and our real ability to buy stuff is going backwards.&nbsp;
He noted before 2020 our purchasing power was growing faster than the OECD's. Now ask yourself a question – what happened in 2020 and post 2020? Covid of course.&nbsp;
Covid was no one's fault (well, possibly the Chinese). But the response was the key and, in that response, as is well documented, we blew it. We blew it sky high and ended up with inflation north of 7%, some of which was over seen by Mr Conway and his mate Adrian Orr at the Reserve Bank.&nbsp;
Paul argues inflation is critical given the cash rate helps anchor prices. Does it?&nbsp;
He cites the prices that make us the most expensive place in the world: rates, power, and insurance. Did the cash rate do anything for those? No.&nbsp;
Other prices he cited, like butter and lamb, are also expensive and expensive for obvious and well documented reasons. And, ironically, expensive for good reason for NZ Inc.&nbsp;
Part of the issue is market size. It's why Walmart is successful. It has a population base of over 300 million. We don’t.&nbsp;
Supply of goods is cheaper per unit when you buy millions of them. We don’t.&nbsp;
The productivity question has been bounced around for years and never really been solved. Many people don’t even agree what productivity is.&nbsp;
Is it a robot replacing a human? Is it building a road faster? Is it inventing a thing that changes the world?&nbsp;
Part of the reason the Reserve Bank blew Covid so badly is they write speeches like Conway's.&nbsp;
They live in Wellington in small rooms theorising. The moment you give them a bit of real world, look what they do with it.&nbsp;

Mike's Minute: Here's the problem with the Reserve Bank economists

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/89693029-c623-453e-ac10-b41a0158e189/transcript

At the end of each week, Mike Hosking takes you through the big-ticket items and lets you know what he makes of it all. 

 

Donald Trump: 3/10 

Possibly a worse week than last week. His airports are jammed, he’s desperate for a war off-ramp, he lost another seat to the Democrats, mortgages are up, recession risk is up, and he can't jawbone oil anymore because no one believes him. 

 

$50: 6/10 

It gets a decent mark because of its restraint and fiscal realism and perhaps, at last, we finally have a government that realises spraying money we don’t have is a path to ruin. 

 

EVs: 8/10 

It's still way too early, but first data this week shows this could be a tipping point. The market has moved. Is it permanent? 

 

Lotto: 5/10 

I have no idea whether more balls are more fun, but I occasionally see a queue at the dairy on jackpot weekend, so a decent chunk of the country is still into it. 

 

The Warriors: 9/10

The best start ever. Ever! Decades in the competition and we have never been better than this. 

 

LISTEN ABOVE FOR MIKE HOSKING'S FULL WEEK IN REVIEW 

At the end of each week, Mike Hosking takes you through the big-ticket items and lets you know what he makes of it all.&nbsp;
&nbsp;
Donald Trump: 3/10&nbsp;
Possibly a worse week than last week. His airports are jammed, he’s desperate for a war off-ramp, he lost another seat to the Democrats, mortgages are up, recession risk is up, and he can't jawbone oil anymore because no one believes him.&nbsp;
&nbsp;
<a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/nicola-willis-finance-minister-on-the-governments-relief-package-for-lower-to-middle-income-working-families-as-fuel-prices-continue-rising/">$50: 6/10</a>&nbsp;
It gets a decent mark because of its restraint and fiscal realism and perhaps, at last, we finally have a government that realises spraying money we don’t have is a path to ruin.&nbsp;
&nbsp;
EVs: 8/10&nbsp;
It's still way too early, but first data this week shows this could be a tipping point. The market has moved. Is it permanent?&nbsp;
&nbsp;
<a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/jason-delamore-lotto-ceo-on-the-changes-to-powerball-and-the-jackpots/">Lotto: 5/10</a>&nbsp;
I have no idea whether more balls are more fun, but I occasionally see a queue at the dairy on jackpot weekend, so a decent chunk of the country is still into it.&nbsp;
&nbsp;
<a href="https://www.newstalkzb.co.nz/on-air/mike-hosking-breakfast/audio/cameron-george-one-nz-warriors-ceo-on-a-successful-start-to-the-season/">The Warriors: 9/10</a>
The best start ever. Ever! Decades in the competition and we have never been better than this.&nbsp;
&nbsp;
LISTEN ABOVE FOR MIKE HOSKING'S FULL WEEK IN REVIEW&nbsp;

Mark the Week: This could be a tipping point for EVs

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/85a3aee2-e4e8-4047-b9ab-b4190160bdcd/transcript

I think we have a couple of emerging themes as we come to the end of week four of Operation Epic Fury. 

If you follow Australia as closely as I do, you will, like me, have been filled with a sense of pride or surprise that we are out doing them in adultness. 

Yes, unions here and media have pedalled the usual BS on more money for every man and their dog, let's work from home, let's panic about days left of petrol etc. But believe me – in Australia it's been worse. 

They have lost their you-know-what. 

They are at each other. It's not helped by their state system and that tension between state and federal and the confusion over who is doing what, and when, and whether it's any good. 

Stations have run dry, not because they don’t have fuel, but because they don’t know how to drive a truck up the road. 

Rural has been going at city, punter has been going at petrol operator, the Coalition and One Nation have been going at Labour. It's been a free for all bitchathon, driven by an underlying panic. 

Another realisation – despite the fact a few hundred people have bought a BYD, it has become stunningly clear just how far off a renewable future we are. 

Buy all the EVs you want and cycle until you are blue in the face. The cold, hard truth is that solar and batteries do not, nor I suspect will they ever in our lifetime, run a country. 

Diesel runs a country. You put oil in tractors and trucks and in factories. We can be grateful our power is mostly renewable and that means we are better off than most of the world, including Australia. 

But the cold, hard truth is a small bit of water carrying only 20% of the overall supply can cripple a planet, or it will if this thing isn't over shortly. 

We have of course been here before. Oil has been an issue in the 70's and early 2000's. 

Did we change because of it? No. 

Did we say we should, or would? Probably. But we didn’t. 

And you know why? Because we can't. Until the combine harvester runs on wind and the plane takes off using batteries and every factory, farmer and person who produces anything we wear, or eat, or live with does it differently, oil is it. 

The whole renewables argument has been blown sky high. The world has never used, nor needed, more fossil fuels. 

Four weeks of a scrap in one country has laid theory vs reality bare. 

I think we have a couple of emerging themes as we come to the end of week four of Operation Epic Fury.&nbsp;
If you follow Australia as closely as I do, you will, like me, have been filled with a sense of pride or surprise that we are out doing them in adultness.&nbsp;
Yes, unions here and media have pedalled the usual BS on more money for every man and their dog, let's work from home, let's panic about days left of petrol etc. But believe me – in Australia it's been worse.&nbsp;
They have lost their you-know-what.&nbsp;
They are at each other. It's not helped by their state system and that tension between state and federal and the confusion over who is doing what, and when, and whether it's any good.&nbsp;
Stations have run dry, not because they don’t have fuel, but because they don’t know how to drive a truck up the road.&nbsp;
Rural has been going at city, punter has been going at petrol operator, the Coalition and One Nation have been going at Labour. It's been a free for all bitchathon, driven by an underlying panic.&nbsp;
Another realisation – despite the fact a few hundred people have bought a BYD, it has become stunningly clear just how far off a renewable future we are.&nbsp;
Buy all the EVs you want and cycle until you are blue in the face. The cold, hard truth is that solar and batteries do not, nor I suspect will they ever in our lifetime, run a country.&nbsp;
Diesel runs a country. You put oil in tractors and trucks and in factories. We can be grateful our power is mostly renewable and that means we are better off than most of the world, including Australia.&nbsp;
But the cold, hard truth is a small bit of water carrying only 20% of the overall supply can cripple a planet, or it will if this thing isn't over shortly.&nbsp;
We have of course been here before. Oil has been an issue in the 70's and early 2000's.&nbsp;
Did we change because of it? No.&nbsp;
Did we say we should, or would? Probably. But we didn’t.&nbsp;
And you know why? Because we can't. Until the combine harvester runs on wind and the plane takes off using batteries and every factory, farmer and person who produces anything we wear, or eat, or live with does it differently, oil is it.&nbsp;
The whole renewables argument has been blown sky high. The world has never used, nor needed, more fossil fuels.&nbsp;
Four weeks of a scrap in one country has laid theory vs reality bare.&nbsp;

Mike's Minute: Week four of the war and what we've learnt

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2acccb41-531f-4c2c-9439-b419015e5050/transcript

Full Show Podcast: 17 October 2025

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