Larry Williams Drive

I don't really want to have to start on a bum note, but if there is a thing that we do on the show, it's honesty. So let's be honest about it. What the Reserve Bank decision told you today is how much trouble our economy is in. If you're in business, you already know this and you don't need me to tell you this. I was talking to a couple of CEOs yesterday. They were telling me they cannot see the green shoots - we've been waiting. We were told - survive til '25, we're halfway through and we're still stuffed. Well, let me tell you what we got today. We got a 25 basis point cut. We needed 50 percent because that OCR is still too high. It's now sitting at 3.25 percent.  It's probably actively still dampening our economic growth because I think the consensus is that 3 is neutral, and we're not there yet. But they could not give us a bigger cut today. And even they must realize how much damage they're doing, because they themselves have admitted that the economy is even more stuffed than they thought it was as