You're listening to a podcast from Newstalk Z EDB. Follow this and our wide range of podcasts now on iHeartRadio Rewrap.

You're listening to a podcast from Newstalk Z EDB. Follow this and our wide range of podcasts now on iHeartRadio Rewrap.

I go there and welcome to the Rewrap for Thursday.

I go there and welcome to the Rewrap for Thursday.

All the best, but it's from the Mic Hosking Breakfast on NEWSDALGS EDB and a Sillier package. I am Glenn Hart, and today we need to talk about power policy both here and in Australia and who should be taking note of what? What does cheese rolling have to do with run it straight and coffee? The price of Mike is a man obsessed before any of that. Yes, it was the rbn z's big day yesterday. It was certainly Christian Hawksby's first time out.

All the best, but it's from the Mic Hosking Breakfast on NEWSDALGS EDB and a Sillier package. I am Glenn Hart, and today we need to talk about power policy both here and in Australia and who should be taking note of what? What does cheese rolling have to do with run it straight and coffee? The price of Mike is a man obsessed before any of that. Yes, it was the rbn z's big day yesterday. It was certainly Christian Hawksby's first time out.

Now call me superficial, but to watch the Brazerve Bank heavyweights lined up as I did yesterday afternoon post their cash right decision, you are not seeing dynamism there. Believe me, These people outwardly do not fill you with any sense of excitement. The Reserve Bank, I think, is in a spot and as a result, so are we as a country. The couple of semi interesting things happened yesterday and in fact one very interesting thing. They voted five to one to cut. They don't vote often. They also offered alternative scenarios. They haven't done that for five years. Alternative scenarios are not a good sign in my mind. Have enough of them. You're literally making stuff up. I mean, anyone can drum up alternative scenarios. What I want to hear from and more from the experts, is what's actually going on. The important stuff is that they've got no bias now on further cuts. A lot of people thought, including me, we would get a cut yesterday, followed by one more, possibly two more, the so called neutral rate, that cash rate would settle at two seven five or two point five. That now seems to be off the table. Why they argue inflation, which is what drives them, that's their mandate is in the band. Trouble with that is it only just in the band, its heading more towards the top of the band. And here's the really big part. Growth or large dollops of growth are not driving this inflation. We're barely growing, if growing at all. And yet inflation is still a thing that's not good for an economy, and it's certainly not good for government. See the government, namely Willis and luxon. They leap and have leapt on each announcement, talking about the money coming back into the economy as the interest rates drop. If the bank isn't cutting rates aren't dropping, and we aren't spending or feeling remotely bullish, the RB doesn't care that much because they're fixated on inflation, whether it's driven by factors beyond our control, things like insurance or shipping or sitting councils and rates, or what we really want growth. Yes, we've had growth in Q one, quite good growth. The live GDP track of those got Q two up a bit, but not much, and it has annual numbers still in the negative. Inflation trending up. What we need, broadly speaking, in the economy's help. We're in a quagmire. We need to extricate ourselves out of. The RB doesn't look like they're that interested.

Now call me superficial, but to watch the Brazerve Bank heavyweights lined up as I did yesterday afternoon post their cash right decision, you are not seeing dynamism there. Believe me, These people outwardly do not fill you with any sense of excitement. The Reserve Bank, I think, is in a spot and as a result, so are we as a country. The couple of semi interesting things happened yesterday and in fact one very interesting thing. They voted five to one to cut. They don't vote often. They also offered alternative scenarios. They haven't done that for five years. Alternative scenarios are not a good sign in my mind. Have enough of them. You're literally making stuff up. I mean, anyone can drum up alternative scenarios. What I want to hear from and more from the experts, is what's actually going on. The important stuff is that they've got no bias now on further cuts. A lot of people thought, including me, we would get a cut yesterday, followed by one more, possibly two more, the so called neutral rate, that cash rate would settle at two seven five or two point five. That now seems to be off the table. Why they argue inflation, which is what drives them, that's their mandate is in the band. Trouble with that is it only just in the band, its heading more towards the top of the band. And here's the really big part. Growth or large dollops of growth are not driving this inflation. We're barely growing, if growing at all. And yet inflation is still a thing that's not good for an economy, and it's certainly not good for government. See the government, namely Willis and luxon. They leap and have leapt on each announcement, talking about the money coming back into the economy as the interest rates drop. If the bank isn't cutting rates aren't dropping, and we aren't spending or feeling remotely bullish, the RB doesn't care that much because they're fixated on inflation, whether it's driven by factors beyond our control, things like insurance or shipping or sitting councils and rates, or what we really want growth. Yes, we've had growth in Q one, quite good growth. The live GDP track of those got Q two up a bit, but not much, and it has annual numbers still in the negative. Inflation trending up. What we need, broadly speaking, in the economy's help. We're in a quagmire. We need to extricate ourselves out of. The RB doesn't look like they're that interested.

Yes, unfortunately.

Yes, unfortunately.

Yeah, we have a recently long interview with Acting Preserve Bank Government at Kristin Hilksby. I don't think you've described him as being a dynamic talent on here.

Yeah, we have a recently long interview with Acting Preserve Bank Government at Kristin Hilksby. I don't think you've described him as being a dynamic talent on here.

It's a rewrap.

It's a rewrap.

I mean, don't get me wrong.

I mean, don't get me wrong.

It's not a speech contest, but your mouthpiece has got to be a mouthpiece.

It's not a speech contest, but your mouthpiece has got to be a mouthpiece.

Right, here's my problem with Christian Hawksby yesterday, and this is what's wrong with a mandate for the Reserve Bank. And this is why it dovetails into the government of the problems they've got with the Reserve Bank and its current mandate. So Hawksby is busy waxing lyrical yesterday about the exporters, about dairy, about meat, about Kiwi fruit, all of which of course is true. But he's looking at the economy and totality. And I liken it to having ten people in the room, and ten people in the room, you go, look what we need to do, guys, is raise one hundred bucks. And the one person i e. The dairy, the Kiwi fruit, the wine exporter goes, I've got the hundred done, and Hawksby goes, oh cool, Well, that's our problem solve, doesn't it. Meantime, nine people haven't got work, and he's not looking at the individual sets of circumstances within the economy, and that's what's wrong with the Reserve Bank. I would also go further and suggest, and he said it himself. He and the committee have been locked away in a room for over a week now. The problem with being locked away in a room with wonks is you're looking at whiteboards and bits of paper and you're not engaged in the real world. And I can tell you for nothing being engaged as I am every single day in the real world. Yes, your farm is doing well and fantastic, and yes we're selling wine and Kooby fruit. But go downtown Auckland, downtown Wellington, downtown christ Church, look at hospital, look at retail, look at the services sector, look at the mood. It's not healthy. And if he then comes out and goes well because all the people sold stuff overseas were okay and so there's maybe no more cuts, that's where the trouble comes.

Right, here's my problem with Christian Hawksby yesterday, and this is what's wrong with a mandate for the Reserve Bank. And this is why it dovetails into the government of the problems they've got with the Reserve Bank and its current mandate. So Hawksby is busy waxing lyrical yesterday about the exporters, about dairy, about meat, about Kiwi fruit, all of which of course is true. But he's looking at the economy and totality. And I liken it to having ten people in the room, and ten people in the room, you go, look what we need to do, guys, is raise one hundred bucks. And the one person i e. The dairy, the Kiwi fruit, the wine exporter goes, I've got the hundred done, and Hawksby goes, oh cool, Well, that's our problem solve, doesn't it. Meantime, nine people haven't got work, and he's not looking at the individual sets of circumstances within the economy, and that's what's wrong with the Reserve Bank. I would also go further and suggest, and he said it himself. He and the committee have been locked away in a room for over a week now. The problem with being locked away in a room with wonks is you're looking at whiteboards and bits of paper and you're not engaged in the real world. And I can tell you for nothing being engaged as I am every single day in the real world. Yes, your farm is doing well and fantastic, and yes we're selling wine and Kooby fruit. But go downtown Auckland, downtown Wellington, downtown christ Church, look at hospital, look at retail, look at the services sector, look at the mood. It's not healthy. And if he then comes out and goes well because all the people sold stuff overseas were okay and so there's maybe no more cuts, that's where the trouble comes.

And this is what I'm always saying, and more and more I'm convinced that there's no real connection between me personally and how well various different industries are doing. And I've discussed this a lot when we talk about what events are or aren't happening in New Zealand. You know, is the America's cap going to be here? What if it is great for restaurants and bars. Don't have any interest in restaurant and bars other than going to them sometimes.

And this is what I'm always saying, and more and more I'm convinced that there's no real connection between me personally and how well various different industries are doing. And I've discussed this a lot when we talk about what events are or aren't happening in New Zealand. You know, is the America's cap going to be here? What if it is great for restaurants and bars. Don't have any interest in restaurant and bars other than going to them sometimes.

So that's that's just me giving my money to them, not making my money from them.

So that's that's just me giving my money to them, not making my money from them.

It's like if the Open Council makes more money out of its assets, does that money come back to me?

It's like if the Open Council makes more money out of its assets, does that money come back to me?

I don't see it.

I don't see it.

My rates aren't going down, and this is and this is. Finally, it seems like Mike's come around. In my way of thinking, yay, Fonterra is doing fantastic, awesome. I'm not a shareholder. How does that affect me?

My rates aren't going down, and this is and this is. Finally, it seems like Mike's come around. In my way of thinking, yay, Fonterra is doing fantastic, awesome. I'm not a shareholder. How does that affect me?

I'm sure it does in some way. It's like power power generation that seems to be is it profitable or not?

I'm sure it does in some way. It's like power power generation that seems to be is it profitable or not?

Either way, I don't know. I'm paying too much right, We're all paying too much right. So what's Chris Hepkin's going to do about it?

Either way, I don't know. I'm paying too much right, We're all paying too much right. So what's Chris Hepkin's going to do about it?

I'm here actually, as it happens, this morning, to help Chris Hipkins the Chipster. The Chipster was in the building this week. I said hello to him. He asked me when I was dropping the blacklist that I have on him appearing on this program. I said he had appeared already once this year, and that was plenty. We both laughed. What I like about him is he doesn't seem to take any of this personally. He knows I think he's hopeless, and he knows I think he wrecked the country, and he's playing the long game, and he knows. I know he will be back next year in the election campaign, and if he wins, he'll be back as a regular on this program, which brings me to the help. In Australia, this week their labor government approved the extension of a massive gas project. Woodsite Our, Australia's largest gas producer, and before the word came from the government, the company had launched a fairly vigorous and as it turns out, effective campaign reminding us all that if you want to look at Spain the other day, and indeed various parts of Europe that have been spending increasing periods of time in the dark, you will find they became obsessed with renewables and that obsession has led to blackouts. Continuity and consistency of supply. Woodside argued is just as important as where you get your energy. Anyway, Labor gave them the tick. Yes, the conservationists are upset, but then again aren't they always. The point for Hipkins is this is a labor government, a labor government that romped home in an election. Just the other day in Australia, a labor government with a gargantuan majority. Why because it's what you would call an old fashioned labor government, a labor government of old a centrist labor government, not a WoT, handwringing, ideologically obsessed labor government of say twenty twenty through twenty twenty three. In this particular country. Think of the great labour names Blair, Hawk, Longeie. They're your labor governments of success. Hipkins is your labor government of failure. Albanezi has clearly learned the lessons of history and worked them nicely to his favor. Yes, he can be sent a left, but the lights will always be on. See last time the Chipster was in charge, we stop looking for gas altogether, and as far as I know, he wouldn't start looking again. That's the sort of thinking that leads to blackouts and an electorate that doesn't see you as viable.

I'm here actually, as it happens, this morning, to help Chris Hipkins the Chipster. The Chipster was in the building this week. I said hello to him. He asked me when I was dropping the blacklist that I have on him appearing on this program. I said he had appeared already once this year, and that was plenty. We both laughed. What I like about him is he doesn't seem to take any of this personally. He knows I think he's hopeless, and he knows I think he wrecked the country, and he's playing the long game, and he knows. I know he will be back next year in the election campaign, and if he wins, he'll be back as a regular on this program, which brings me to the help. In Australia, this week their labor government approved the extension of a massive gas project. Woodsite Our, Australia's largest gas producer, and before the word came from the government, the company had launched a fairly vigorous and as it turns out, effective campaign reminding us all that if you want to look at Spain the other day, and indeed various parts of Europe that have been spending increasing periods of time in the dark, you will find they became obsessed with renewables and that obsession has led to blackouts. Continuity and consistency of supply. Woodside argued is just as important as where you get your energy. Anyway, Labor gave them the tick. Yes, the conservationists are upset, but then again aren't they always. The point for Hipkins is this is a labor government, a labor government that romped home in an election. Just the other day in Australia, a labor government with a gargantuan majority. Why because it's what you would call an old fashioned labor government, a labor government of old a centrist labor government, not a WoT, handwringing, ideologically obsessed labor government of say twenty twenty through twenty twenty three. In this particular country. Think of the great labour names Blair, Hawk, Longeie. They're your labor governments of success. Hipkins is your labor government of failure. Albanezi has clearly learned the lessons of history and worked them nicely to his favor. Yes, he can be sent a left, but the lights will always be on. See last time the Chipster was in charge, we stop looking for gas altogether, and as far as I know, he wouldn't start looking again. That's the sort of thinking that leads to blackouts and an electorate that doesn't see you as viable.

Yes, this is why I would never succeed as a politician. It is a big gap between ideals in reality, isn't there?

Yes, this is why I would never succeed as a politician. It is a big gap between ideals in reality, isn't there?

And I would certainly like.

And I would certainly like.

Us not to be contributing any more to climate change. But I also do like having my TV and my internet going, And I don't know how to rationalize the two rerap right. So obviously it's been a week where a lot of people have talked about run it straight. We've also spent a lot of time looking at people rolling down the hell after cheese.

Us not to be contributing any more to climate change. But I also do like having my TV and my internet going, And I don't know how to rationalize the two rerap right. So obviously it's been a week where a lot of people have talked about run it straight. We've also spent a lot of time looking at people rolling down the hell after cheese.

Aren't they both as stupid as each other?

Aren't they both as stupid as each other?

Funny old story yesterday, Ki, we couldn't breathe couldn't talk after cheese race when in the UK there was your headline, Ki, we couldn't breathe couldn't talk after cheese race when in the UK. So this was the people rolling down the hill cracked punch you lung? Now, so we want to spend all week on straight and up walk straight whatever the hell? That weird thing is right? And once again I reminded you, Yes, it was a tragedy. A death was a tragedy, But we want to spend all weekendsting about that. And yet we don't want to spend two seconds on people rolling down a hill puncturing their lung and being unable to breathe at the bottom. In fact, not only do we not want to spend two seconds on that, we want to celebrate it, and we want to celebrate it year after year after year. So where's the moral police on this one. So we don't like running in a straight line, but we don't mind falling down a hill. Falling down a hill's fun, even if you puncture your lung and can't breathe. But running in a straight lines we don't like that anymore, do we come on? Where's the consistency?

Funny old story yesterday, Ki, we couldn't breathe couldn't talk after cheese race when in the UK there was your headline, Ki, we couldn't breathe couldn't talk after cheese race when in the UK. So this was the people rolling down the hill cracked punch you lung? Now, so we want to spend all week on straight and up walk straight whatever the hell? That weird thing is right? And once again I reminded you, Yes, it was a tragedy. A death was a tragedy, But we want to spend all weekendsting about that. And yet we don't want to spend two seconds on people rolling down a hill puncturing their lung and being unable to breathe at the bottom. In fact, not only do we not want to spend two seconds on that, we want to celebrate it, and we want to celebrate it year after year after year. So where's the moral police on this one. So we don't like running in a straight line, but we don't mind falling down a hill. Falling down a hill's fun, even if you puncture your lung and can't breathe. But running in a straight lines we don't like that anymore, do we come on? Where's the consistency?

You see?

You see?

I completely agree with ninety nine percent of everything that Mike just said there, except for the back where if we let one we should have the other. He was meaning that, you know, we don't mind one, so we shouldn't worry too much about the other thing. Because stupid people are determined to do stupid things. I would argue the opposite, stop having the stupid things. If the crowds didn't turn up, and if you didn't have the cheese, the rolling wouldn't happen, the lung wouldn't get punctured.

I completely agree with ninety nine percent of everything that Mike just said there, except for the back where if we let one we should have the other. He was meaning that, you know, we don't mind one, so we shouldn't worry too much about the other thing. Because stupid people are determined to do stupid things. I would argue the opposite, stop having the stupid things. If the crowds didn't turn up, and if you didn't have the cheese, the rolling wouldn't happen, the lung wouldn't get punctured.

Three rat comdagly, and if you had too many coffees this morning.

Three rat comdagly, and if you had too many coffees this morning.

Back to coffee, which stufftails into my ongoing ankst around couriers. So reportage this morning suggesting being and once again you know what's happening with the price of coffee in terms of price per pound, price per kilo, No Mad Coffee group of commenting this morning, and they're suggesting, in reality, we're going to be facing ten dollars a cup before you know it. So currently it's easily seven dollars. And I asked this question earlier on the week. I said, at what point would you pull the pen? And my answer for me anyway, because I make all my coffee at home, and I don't know why everybody doesn't. And I know when I say that, you know, professionals and people in the hospital sector will be wanting to kill me. But I'm pretty sure I'm still running my coffee at about two dollars forty a coupy in at my house, even with the new prices I'm paying. But at what point commercially do you the pen? Is seven too much? No, said one article I read the other day. Seven's fine, we can still do seven small luxuries. Feel good about yourself. Ten that's psychological, isn't it. Once you get to ten? Ten is like, are you serious? Anyway? Back to my business of overnight couriers. So my beans come from a small part of New Zealand we get them done overnight courier. Now, the thing about the overnight career you pay extra for an overnight career service. My question, as we asked yesterday to the courier company, if you advertise a product and you say it's overnight career and they don't deliver overnight, in other words, it doesn't happen. Do they owe you money? Did they break their contract? Apparently not. And what we also found out yesterday which was interesting, is where the coffee beans come from in the particular part of the country, it cannot be overnight because they will never be picked up on the day that you order unless you order on the right day, and there's only two right days of the week, So if you order on a wrong day of the week, they know they will never pick it up on that day. Therefore it will never be overnight. Before going into the contract offering a service they know they can't deliver on, is that futulate?

Back to coffee, which stufftails into my ongoing ankst around couriers. So reportage this morning suggesting being and once again you know what's happening with the price of coffee in terms of price per pound, price per kilo, No Mad Coffee group of commenting this morning, and they're suggesting, in reality, we're going to be facing ten dollars a cup before you know it. So currently it's easily seven dollars. And I asked this question earlier on the week. I said, at what point would you pull the pen? And my answer for me anyway, because I make all my coffee at home, and I don't know why everybody doesn't. And I know when I say that, you know, professionals and people in the hospital sector will be wanting to kill me. But I'm pretty sure I'm still running my coffee at about two dollars forty a coupy in at my house, even with the new prices I'm paying. But at what point commercially do you the pen? Is seven too much? No, said one article I read the other day. Seven's fine, we can still do seven small luxuries. Feel good about yourself. Ten that's psychological, isn't it. Once you get to ten? Ten is like, are you serious? Anyway? Back to my business of overnight couriers. So my beans come from a small part of New Zealand we get them done overnight courier. Now, the thing about the overnight career you pay extra for an overnight career service. My question, as we asked yesterday to the courier company, if you advertise a product and you say it's overnight career and they don't deliver overnight, in other words, it doesn't happen. Do they owe you money? Did they break their contract? Apparently not. And what we also found out yesterday which was interesting, is where the coffee beans come from in the particular part of the country, it cannot be overnight because they will never be picked up on the day that you order unless you order on the right day, and there's only two right days of the week, So if you order on a wrong day of the week, they know they will never pick it up on that day. Therefore it will never be overnight. Before going into the contract offering a service they know they can't deliver on, is that futulate?

Yeah, I think you're entitled to a refone there.

Yeah, I think you're entitled to a refone there.

I believe I'm entitled to a refund, Glenn. I wish you were the person on the end of the phone, and still the other person on the end of the phone. They weren't as accommodating as you are, Glenn. But that's why we're best at Buds, isn't it.

I believe I'm entitled to a refund, Glenn. I wish you were the person on the end of the phone, and still the other person on the end of the phone. They weren't as accommodating as you are, Glenn. But that's why we're best at Buds, isn't it.

Why does the delivery need to be overnight anyway, I'm not one of these people that believes that the coffee's got to be super fresh. I've tried it both ways, and honestly, I can't tell them.

Why does the delivery need to be overnight anyway, I'm not one of these people that believes that the coffee's got to be super fresh. I've tried it both ways, and honestly, I can't tell them.

There's a difference. It's not like you know, you're testing blood.

There's a difference. It's not like you know, you're testing blood.

I don't think we need one of those cars, you know, with urgent blood written on the back window, with urgent coffee got to get it to the Hosking ranch. I don't think it's so important, is it?

I don't think we need one of those cars, you know, with urgent blood written on the back window, with urgent coffee got to get it to the Hosking ranch. I don't think it's so important, is it?

To stop?

To stop?

The problem is you shouldn't say that it's overnight delivery. That's true, it's not overnight delivery. But I also don't think that you should offer overnight delivery. It doesn't need to be mean. I buy my coffee beans usually at the supermarket, and I have no idea how long I've been sitting on the shelf. It may taste pretty much the same every time. I am a green hat, not a coffee snob. I don't think I like it how I like it. But it doesn't have to be delivered overnight. That's all I'm saying. That's all I'm saying. That is all I'm saying until I start saying more stuff to marrow sebe.

The problem is you shouldn't say that it's overnight delivery. That's true, it's not overnight delivery. But I also don't think that you should offer overnight delivery. It doesn't need to be mean. I buy my coffee beans usually at the supermarket, and I have no idea how long I've been sitting on the shelf. It may taste pretty much the same every time. I am a green hat, not a coffee snob. I don't think I like it how I like it. But it doesn't have to be delivered overnight. That's all I'm saying. That's all I'm saying. That is all I'm saying until I start saying more stuff to marrow sebe.

For more from News Talk said B. Listen live on air or online, and keep our shows with you wherever you go with our podcasts on iHeartRadio

For more from News Talk said B. Listen live on air or online, and keep our shows with you wherever you go with our podcasts on iHeartRadio