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(generated from captions) Hello, I'm Peter Switzer. Welcome to the program which puts
you in touch with the best and brightest minds in business. On tonight's show: we will get an update on where Shen Olvera thinks the economy is going, we love Rudi Filapek-Vandyck, and an international financial who thinks the Internet economy is the place to be, Henry Shohet. Tim Howard, looking be, looking at running a self man super farm, and the money-saving Doctor Ross Walker is back to make sure you have the health to enjoy your wealth. That is the next hour. And we'll bring you all the latest
corporate news and market analysis, plus learn some valuable lessons
from Australian success stories. If you have any questions
for me or our guests, email them to
switzer@switzer.com.au. You can also follow me on Twitter. The handle is @peterswitzer. In a week we will look at the inflation and the reserve bank. Let's try to get a handle on where economic growth is headed. We will do that with Shane Oliver, head of investment strategy. Thanks for joining us.Great to be here.I would accuse you of stealing my idea of five great charts. (LAUGHTER) -- I will not accuse you.I was on holiday when you put that one out! It will be chart versus chart, Switzer against Oliver. But more importantly, where is this economy going? Shane, the inflation number kind of makes you think, well, demand must not be so strong, but on the other hand other economic indicators suggest we are going OK. What is your view?I think the answer is we are OK. It just depends on the indicator you look at. Business condition surveys, they look pretty good. The ones on the National Australia Bank and others, about as high as they get.Job numbers?Job numbers look particularly good. If you want an optimistic take the mining investment slump, we are close to the of that, and we are likely to see a rebound in export volume, so you have to think about the three stages of the mining boom. The swords over a decade ago, the second stage being the Declan Patton -- the surge over a decade ago. The second stage being the downturn. The areas are interesting. The consumer, wages, a topic addressed yesterday. That is of course a big chunk of the economy and explained why he we are seeing relatively weak pricing power. When my electricity bill goes up, as I am told it will, by 20% this month, people like me, others, will say, I have less money to spend now, so I will not go to the restaurant or whatever. That is a bit of attacks on people, particularly ordinary Austrians are not seeing any wages growth. They are seeing their bills go up, so they will spend less. Then you have the week wages growth, then a bit of uncertainty about the housing market and all of those things are being on consumer spending, leading to discounting and low inflation numbers like we saw reported yesterday. Finally, it looks like we are getting close to the top in terms of the construction cycle for housing, so from being a boost to growth it will become a slight drag going forward. We're not all of those things, yes, not booming, by some token -- the same token we are not slide into recession either. Just muddling along at an OK rate. Is the dollar making life harder than life needs to be? Lily James?

-- will it change?Yes, I admit mistakes, everyone makes mistakes. In any case my analysis told me that Aussie dollar would go down to 60 cents or thereabout, where I thought we were going.You're not alone. Yes, I was not alone. Some people thought it would crush altogether and I was not in that camp because I thought we would go down because we had weak commodity prices, the bank still cutting interest rates when the Fed was taking them up. The Aussie dollar proved far more resilient than I thought. 60 cents at the start of last year and then most of last year stuck between 72 and about 78 on the high side, then of course that made me think, well, maybe it will not go down that law. I revised to around 68, 69, but still have egg all over my face. Today it has gone through 80 cents. I think two things are at play. Firstly, that stupid issue we were talking about last week and I am sure you have been talking about for the last week, on the reserve bank minutes, talking about the 3.5% cash rate. They have clearly said everyone has overreacted, and you have to take their word that. I think they are right. Occasionally they deeply dive into a topic, and that is what happened. That one was scheduled three months ago, so I would not read anything into the 3.5%, but nevertheless the market then pushed up the Aussie dollar, the 78 cents level, then once you start breaking through technical levels it creates interest in your currency. Then of course globally we have at a few other things going on, ongoing uncertainty about the politics in the US with Donald Trump, probably working against the US dollar a bit, then overnight we had Janet Yellen make some comments about inflation in the US. All of which added up to a decline in value of the US dollar. Finally, I suppose there is that I nor price, back up to 70 cents, after being $53 in late to mid-June -- the iron ore price, back up to 70 cents. So all those things, thinking the Aussie dollar was getting close to a rate hike, attracting interest in the currency. The US dollar coming down, and of course the strength in the iron ore price.Is there a rule of thumb, every cent following in the Aussie dollar, what potential impact on that kind of growth?I do not have one for the economy. Currency movements to have a negative impact on the share market, though, and also on the inflation rate. Roughly speaking, given something like 20% of goods are imported, roughly speaking, 10% rise takes about two percentage point off inflation, of course it is never quite that precise and has not been in recent years at all, but obviously is the Aussie dollar goes up it will put the downward pressure on inflation and make it even less likely for the reserve bank to raise rates.Said taking on the growth?Yes, and I think this is the big problem for the reserve bank. Still in a touchy period for the economy, still seeing falling mining investment, housing investment will not be the big contributor to growth that it has been over the last few years, therefore you need sectors like higher education, to resign, agriculture, manufacturing, to the extent that it can, those sectors to help out the economy over the next little while. The Aussie dollar, if it starts going up, and you are a tourist operator on the great Barrier Reef debating whether to invest in a new boat made in Tasmania, those big catamarans, you might say, here we go again, people talking about the Aussie dollar pushing higher, 85- 90 cents, who knows? I will not undertake that investment, so it will adversely affect things, if people start thinking along those lines. The longer it stays at these levels the longer it keeps pushing higher so it will be a drag on the economy. Only last week the deputy governor was saying, and I think he made a comment that a lower Australian dollar would be helpful or desirable at this point and I would tend to agree. I think as it goes up she will see more ten to -- of the reserve bank being tentative.What kind of uplifts are you expecting? We are expecting some good numbers out of here. Just as we saw back in February last year, so if you look at aggregate earnings for the market, for the 2016 and 2017 financial year, we're looking at average earnings up about 90%. The bulk of that growth is from the resources sector. From low levels up to high levels. Call has gone up and other commodities have gone up -- coal and other commodities have gone up. That is a huge game. But I think the most interesting one is the rest of the market when you see growth of around 5%, perhaps 5.5, 6%. The non-resource part of the economy, financials being part of that. Retailers look to have done reasonably well despite the headlines. Health care companies doing OK. So it looks like you will see this continuing creeping sort of growth in the rest of the market outside of the resources sector, so overall I am looking for good profit.We notice this market goes and bounces off 670, 75. Why Deeley even if we have difficulty breaking through 6000 we will probably get -- do you think that even if we have difficulty breaking through 6000 we will probably have more support than the current one? If this comes in as well as you are predicting?It could well do that. I was discussing this on Sky Business earlier in the week and we observed the Aussie share markets have come down to around 5700 level six times, and bounced off each times, probably a good sign, indicating a degree of support out there below the 5700 level. So, yes, if we get some good earnings results that could help break us back out on the upside because we have been somewhat capped around what is their boats on the upside so that could help. I guess the main thing, certainly for the share market, and what the Aussie dollar does, I would prefer a lower one than a rising one, that would certainly help, and of course the August, September, October trend, seasonally, is known for a bit of volatility. You could argue there are issues in the US, whether they pass the health care reforms. We have a Government funding issue coming up in the US, otherwise the Government will shut down again, and I don't think it will but there is a risk. They have to increase debt selling by early October and at some point they have to get around to tax reform, so I think ultimately those things will happen. But you could see some uncertainty around the sort of vicious. But ultimately the bottom line is I think the Aussie share market will be higher by the year-end than today, and that will be underpinned by reasonable profit growth in Australia and the economy continuing to muddle along, not fantastic but not collapsing into recession as a lot of people kept saying will happen.Shane, the September quarter is the strongest one for dividends. Do you think some investors actually chose stocks to be holding them in the September quarter to pick up the big dividends?I'm sure they do, and I am sure there are strategies out there. That adopt the approach, but obviously in a world of ultralow interest rates come and don't forget, if you go out and search around for at deposit you will probably get something but it will probably be 2.5% or thereabouts, not exactly fantastic, particularly when it is only a fraction above the rate of inflation, so not a great return there. So in this environment people are still out there for decent dividends, a reasonable thing to do. I have often thought that the approach Australian companies have in paying decent dividends, because we have one of the highest yields in the world, is healthy. I like the fact that they give you the dividend and if I don't need the cash and I want to reinvest, I can take advantage of the deal and reinvestment plan, and I think that is a far better approach than in other countries, particularly in the USA, where they hang onto the money and I think they know better than you did. I think it is healthy Australian companies pay decent dividends and I think it makes sense some investors will be hanging out for the dividend then might move onto another opportunity once it is paid.One quick one. I don't usually ask you about stocks but you are the head of investment strategy. What are you guys thinking about Telstra? And probably can't get into that one, but at the end of the day it still offers a pretty good dividend and that makes it attractive in my mind along with other dividend paying stocks like the banks.You look like a dividend chaser, Shane, and that is why I think I like you. (LAUGHTER) It is... They see a bird in the hand is worth two in the bush. You get a decent return.Thanks for joining us, mate. Next time Shane comes on we will be doing a chart competition to see who has the best chart when it comes to building well. Coming up after the break, we have Rudi Filapek-Vandyck who has promised to fight the company is worth buying before earning season really gets going in earnest. -- he has promised to find companies worth buying before earning season really going in earnest.

Welcome back to Switzer
on Sky News Money. Reporting season always unearths stocks. Do we really wish we invested before the Prophet show and tell kicked off? I have commissioned Rudi Filapek-Vandyck to give us three stocks he thinks will salute the judgment when it comes to the big reporting days ahead. Rudi, thanks for coming on the show.The pressure is on.You don't come on this show unless there is a bit of pressure. No point having you without pressure.OK, I hope I can withstand.The pressure comes when this comes and we see how good your calls were. Let's kick off with the first one you like.Let's divide the season industry sectors. The obvious one, and I heard Shane giving a short summary, and he was spot-on. This season at face value will be one of the best Australia has seen in many years. Unfortunately, that is not the whole story. In a certain sense, reports that will be issued in August are actually old news. Actually, yesterday's financial year. So it will be more about the outlook, and Outlook is questionable. Higher costs, consumer spending, and all of a sudden a high dollar, so they will weigh upon outlooks, I believe, so it is definitely possible, and we also no longer have the wind in the sails, so we could have a very cautious Australia giving outlooks, and that might well... We will have to see, but we actually need more profits. By FY 17, because it is all resources. The first sector to nominate in August is the resources sector, then predominately mining, not so much the energy producers, and what will happen there? These guys have so much cash they don't know what to do with it. There is a whole debate going on in the background about whether those in charge of resources companies, whether they are changing their ways. Whether it is actual changing its colour. As a result of that, and let's assume the answer is positive, so as a result, resources companies, in particular mining, they would have a lot of cash to shareholders, starting in August. So what we will see is buy-backs, special dividends, made in dividends, increased dividends, you name it. Of course, candidate number one would be Rio Tinto, but people might be surprised that when we do a little bit of a search in the Australian share market, one of the top dividend payers in the share market is up there because the share price is relatively low, the cash levels are very high, and if current forecasts, and they tend to be accurate, if they are correct, then they will be paying out a lot of the highest yields in the share market right now.This is your first real Filapek-Vandyck destroyer?A lot of investors will see, you never buy resources stop for their dividends, but a lot of investors will enjoy the spoils in August -- you never buy resources stock for their dividends. Some likely have too much cash and that could be the case for others. The list goes on. The gold miners will in particular pay a lot. The one you're really putting your hard earned money on is FMJ?Yes. Forecast a lot less for the next year, and not necessarily immediately so. It is expected to be lower, like next year.Let's go to your second one?The second category, the one I like, some prime quality stories in the Australian share market, but unfortunately they are not trading, and every season there are always 12-mac that mess and they get a lot of attention, and people say, see, you should not buy expensive. Actually look at the others and the majority of those stocks actually, actually, with good results -- there are always one or two that Miss and they get a lot of attention. The combination of momentum in late fiscal 2017 and moving into the fiscal year 18, probably on the positive side, I would nominate car sales, and I also have a suspicion that contrary to what some people are thinking and contrary to past practice, that CSL will go to the upside.CSL?Yes, and the other element is that people at this point in time, they look at the fiscal 17, and if you look at these companies, CSL, car sales, corporate travel, aristocrats, they look really really high. What you are deluding yourself if you sell those stocks because of that because they are actually trading on fiscal 18 period is not fiscal 19, and if those growth numbers come through, the ratios are a lot lower than what they seem on FY 17 numbers.Good point. The final one?Every reporting season, and admittedly they are often beating down on sector wide selling, and obviously they have a chance to outperform to the upside, and in particular if there is a lot of short sellers around. This is not really my game because I usually don't like speculating on stocks that have a very bad past and you saw that, the turnaround comes.You were the all-weather guy?Exactly. And you know what is it, all those turnaround stories and they never actually turnaround. For instance, I own shares and could not help noticing this week they came out with good years already. They also get more out of their acquisitions...In New Zealand?The other side of Tasmania, yes. I suspect a good result in August. So I would definitely nominate them, and I would nominate a stock a little bit in the margin which normally pays attention to, called Here, There And Everywhere. For fans of the Beatles, yes, it is a Beatles song, but nobody pays attention to them. If I tell you that this is the old apm news and media, and the radio has had a relatively tough first half of the year, but these guys, you know, people pay attention to old media. HT1 are also in that sector. The share price is picking up a little and I believe they might surprise as well because expectations are so low. In the tech space, a few companies where analysts are tipping, one of them is APX, integrated research, and the difference is that Apen are already anticipated.Mate, I could listen to you all day, Rudi. You are delivered as always, mate. Thank you for coming on the show. Rudi Filapek-Vandyck. Many investors ponder whether they could eventually produce the growth results China became famous for a decade ago and add via the arrival of the new Prime Minister in India has attracted attention about the world's second-biggest economy, but how do you invest? Henry Shohet has become an India believer and he thinks there is a wise way of going India. Henry, thanks for joining us.Hello, Peter. Yes, I do. I don't know if you want me to go through the fundamentals, but they are now beginning to look better than ever. The new ball-mac Prime Minister and the central bank are financially very sound. I come from the bond market. That was my training. I look for countries with sustainable debt. India is definitely one of them. Deficits are coming down, inflation has come down, we have real interest rates. We have all of the right things in terms of also attacking the problems of non-performing loans at the banks. And foreign reserves are up and growing. They are having to stop the currency going up. In fact, talking about sustainable debt, our favourite countries, and that is where we are based and invested in, Israel, the Czech Republic, and India. And we have an office in Gibraltar which has no debt. Given that, it is very difficult to buy the domestic market in India even though it is very large. The equity market is $2 trillion, but you need special permits, it takes months to get them, so the one way of accessing that is we found through the United Trust of India, UTI, and that is the largest and oldest domestic investor. It was instituted by the government in 1964, was owned by government. Most mum and pops of our generation, it was their first investment, and they are allowed to sell some of their bonds to foreign holders, so that has been a very interesting way to have 6.5%, 7%, yields on bond markets. And the equity story is also very good. I mean, they are very original investors. They have 10% turnover, there are funds available. They tend to invest in companies that they like in sectors that they like, so it is very different to ... Performance can be quite different to the market, and they have been very good on down years, and consumption is a story there. Because it is independent of what happened to the rest of the world. Growing at 7% for the foreseeable future. That is the place to be. But, Henry, my knowledge of you is you are not a thrill seeker. You are not someone who likes to take risks on unreliable conveyances. Tell us what the track record has been for UTI in terms of equities.They have consistently been in the top quartile. Over decades. Decades of equity investment in their funds. Very conservatively managed, and they are also large enough to have... Really we don't companies that have been in profit for five years. They follow the management very closely because they have very good access, and they will look at sectors like, for example, cars. In a normal emerging market usage is around 15% so really, whatever happens to the world, it is the place to be. They picked the company in the sector that they prefer, so Suzuki is the one there. That's another sector where they're very strong. Bank, which is bound to grow. The private banks are doing very well. We're waiting for the new investment cycle, really, to kick in there. But there's a lot of upside. And that's the sectors they tend to go for. Consumption.How does someone from the West actually invest in UTI?Really, you've got to, well, we distribute the funds in Israel for them. And they have an office in Singapore. UTI Singapore, that's where the foreign distribution is based. And the man to speak to is Praveen. A very nice person.I presume what you're saying is if someone's interested in investing in India and they do their homework on UTI, you actually can contact UTI online and get access to ininvestment in the fund?Yes, you've got various funds. They have the same holdings but you've one fund distributor in Japan. They have a fund, Dublin-based. So...There's no exposure in Australia?Repeat the question?UTI doesn't have an outlet in Australia?Not that I know of. OK. How Dowmanage the currency risk? Well -- how do you manage the currency risk? Devaluation is based on historic inflation. You can hedge the currency forward. My holdings are all unhedged. I think it is one of the currencies in the world where there is upside.Alright, mate, thanks for joining us. We'll keep an eye on independent gentleman. I'll be looking at various ways of investing in India. Certainly I was intrigued when you talked to me about UTI. Thanks for contributing to the show.Pleasure, Peter.That's Henry Shohet from the Henry Shohet Family Office. Coming up, we're going to be looking at smarter and better ways of investing in self-managed super funds. We'll do that after the break.

Welcome back to Switzer on Sky News Money. The growth of self-managed superfunds has been spectacular. My personal experience tells me many people could do with the expertise to get the best results. Tim Howard has insights and wants to share them with us. Welcome to the show. Have you been surprised how quickly SMFs have grown in recent times?Have but a lot of people feel they'd like to become more involved in their retirement planning. They say SMFs is an opportunity to do that. Whether that's controlling their investment decisions or control timings around investment payments retiring. It has been a key driver in the growth of that sector.How do you scene the SMS F environment now? Growing. We've got over 1.1 million people a member of an SMSF. In the sector, it has close to 700 billion infunds invested in an SMSF. That represents around 30% of all money in super. It's more than industry funds. More than retail funds as well. Certainly the biggest sector. In a lot of retail and industry funds, they lose effectively their best customers when they walk away with a million or two million dollars they've built up over the years in these funds. A lot of people just do want to be in control of their money?They do. SMSFs attract and people want to diversify and have more investment choice than they get in a retail industry fund and take they're cumulated savings and move them over. They are a driver there. There are plenty of funds which have less than that in them. There is a trend to a larger amount of contributions and a larger balance than some of the other funds.Are a lot of advisers seeing it as a good way of partnering up with their clients? Rather than just putting it into another fund effectively the self-managed superfund can be a shared experience between adviser and customer?It is a shared experience but although you might be using a professional adviser, you really should whether that's around investment decision or the management or accounting side, as a truster, you're responsible for all the decisions made around that fund, compliance, investment and otherwise. It is a partnership with your adviser to make sure you do get it right let alone for the compliance side.The person who completely does it on their own and may have been tipped into it by a caring accountant who doesn't really do anything else with the client, do you think a lot of those people are making mistakes that could get them in trouble with the tax office if ever they were investigated?You need to be engaged or have that interest or involvement in running your own SMSF. You don't understand all the rules and responsibilities, there is a risk you might get things wrong, take money out inadvertently or when you haven't met a condition to access your balance. As an ultare of that, you might be in a position where you do something wrong and penalties apply.Imagine I leave an industry or retail fund is it compulsory for us to have life insurance?It is not compulsory but it is a requirement you need to consider it for the members. When you are a member you are the trustee. You controls that fund on your own behalf. One of the responsibilities is you need to consider insurance for yourself and anyone else who's a member of the fund.What do you think is the fundamental, core strategy that everyone should have as a minimum when they embark on a self-managed superfund?You need to be clear around the outcome that you're trying to get from running your own fund. Whether that's a particular investment class or investment return you're targeting or it might be an state planning consideration where you're looking to manage that flow of money to the family when you pass away and have control around it. Unless you have a driving reason or way you see you can benefit from running your SMSF it may not be for everyone. You should keep that in mind.I got a question on my radio program today. He and which is wife have two million dollars in a SMSF. He asked the question if he was being too conservative. He had 5% in cash, 40% in a conservative fund and the rest in a balanced kind of fund. What would you say to him?When you are approaching retirement at age 60, you need to consider the investment mix and having an appropriate investment risk based on your risk profile. How much risk you want to take on, how much volume tillity you can handle or exposure to that. Once you start approaching retirement in the later years, you'd look to have a more defensive or balanced portfolio. On the flip side, you have to consider from age 62, you could live another 25 or 30 years. Without having at least some growth exposure, you might be in a position where you'll run your fund down more quickly depending on the draw-downs. Everyone will have a different profile or tolerance to risk. Getting that advice around that, no matter what industry you're from or what stage you are in life will make a huge difference to the outcomes you get from your fund. When I answered the question, I said with your balanced fund you've probably a return of about 10%. The medium fund dividended at 10%. But 4% otherwise. If he had been all balance, he could have had a 10% on close to 2 million dollars, a fantastic return. So, I guess, people need to understand when they make those investment decisions what is the historical and likely return. Even though we can't always rely on history, there's nothing else really, is there?There's nothing else to rely on. History is a good indicator of trends in investments. It is a way you can say have a balanced portfolio over the long-term at least you might see consistent or an overall return of 9 or 10%. In the shorter term, you're likely to see more volume tillity. If he was relying on needing cash or distributions or draw-downs, you need a cash buffer or conservative funds for certainly around those payments or investments when we're looking to pay out our pension payments.The advisers often ask those questions to get you ready for it. I'll not let you off the hook too Eastily. Long to you reckon this bull market has to go? Be right, too, Tim?I think it has a while to go. I am an optimist. I'm more of a bull and a bear in the long-term. Steady bull Steady as she goes. It will continue for a while yet.Good on you, mate. I like that answer. Tim Howard from BT financial. Coming up after the break, we've Dr Ross Walker. The man who not only helps us save our money but also save our lives. Dr Ross Walker.

Welcome back to Switzer on Sky News Money. It's time to take the pulse of the viewers of the Switzer program and the guy who we trust to do the job is cardiologist Dr Ross Walker. Tonight, I want to investigate what it is we do wrong. Our Arthuries could set us up for a stroke. Thank you for joining us.My pleasure.One of my close friends recently got a high calcium score. He said to me, well, what is a high calcium score. I said, I don't know. What is it?A calcium score, let me say I think all males at 50, all females at 60 should have a coronary calcium score if they don't have existing heart disease. It is a waste of time if you've already heart problems. The culls yum itself doesn't matter but it's a marker for how much fat you've got. As the fat builds up in the wall of the arteries. A doughnut with blood going through the middle, the blood throws in culls yum to act as a scoff fold to stop the blood from breaking down. More calcium, more fat. Likes a golf handicap, the best score is 0. 10-100 is mild. 100-400 is moderate. Over that, don't buy green bananas.Is this a genetic thing, Ross or is it the lifestyle thing?A bit of both. Your genes load the gun, your environment pulls the trigger. Anything over 400 is bad. The worst I've ever seen is in a 68-year-old man still playing basketball, normal cholesterol, blood pressure, no smoking. But a line owe protein, his score was 8.5,000. He had bypass surgery. He's back playing basketball. In some cases, it is very genetic. In some cases, very environmental.We know a lot of people end up on stat ens. My mate is worried about statin. He linked anning Yeo grammes -- anning Yeo grams, radiation.When you hit 50, you lose the sensitivity to radiation.That sounds ominous?You do. I'm not talking about standing outside the nuclear plant when it explodes. To have a coronary calcium score is about four or five chest x-rays of raid cruelly. If you go from here to Perth on a plane you get four to five chest x-rays of radiation. Stat ins, everyone's concerned. I think they are unbelievably overprescribed except for people with a high calcium score or people with established heart disease. This is my argument. If your calcium score's high, that's your ten-year risk. The risk from statens is here, you're risk is down here. No point taking a drug which is more risk to your body if your score is low. If your friend has a high calcium score should probably be on a statin. But much more important are the five keys of being healthy. You can't be healthy and have additions. Smoke, drink too much grog or snort cocaine.What about additions to the Switzer program?That's a healthy addiction. The definition of an alcoholic is someone who drinks more than their doctor. Number two is good quality sleep, good quality eating. Eat less and more naturally. Four, three to five hours every week of testing exercise every week. And happiness. Those reduce your risk for cardiovascular disease 83%. Taking a statenreduces your risk by 20-30%. Ross, you said part of the problem of our challenged arteries is genetic some is environment, the way we've lived. That's where your five areas come in. Can people go on a really unusually healthy diet and start minimising the or reducing the calcium score?Firstly, it doesn't matter about reducing the calcium score. You need to get the fat out of your arteries. The calcium's a stabilising agent. Yes, you can.If you are a judicious and wise eater, you could reduce the chances of a stroke and an artery that will blow up on you?Absolutely. But what puts the muck there in the first place is one thing. What makes is suddenly rupture, it is not a slow blockage, what makes is suddenly rupture has nothing to do with blood pressure. It is social stress. Anger, anxiety, loneliness, the death of a loved one, marriage problems.Running a marathon?That can do it.Putting your body under extreme fitness challenges when you don't know you've got an arteerial problem could be really risky?Absolutely. I tell people who want to run marathons, there's a completely good bus service. Why do it? I don't get it.Ross, when I'm running you around the court, is there potential danger for you?Only just the sadness and anxiety I feel by losing to you, Pete.Putting it together, you have a view on statens and you've made the point there are times when they are really relevant. Make sure you don't get accused of being reckless. When do you use them?As part of the management. I always stress the lifestyle factors first. I use them as part of the management in people with established heart disease, heart attacks, stents, bypass or risk for stroke or people who have a high coronary calcium score. Over the age of 60, there is no benefits from being on a statenif your calcium score is 0. Over the age of 65, if you haven't had heart disease there is's a higher death rate in people being prescribed statens.Why do people get put on statens. Brainwashed from an early age. Have you to look at the scientific evidence. It is not there for people at low risk. It's absolutely there for people at high risk. It is not about cholesterol. The great estuaries can of heart disease is having already had it. A high coronary calcium score is another risk.Great to see. I'm glad to see you returning from your European holiday where you were relaxing and chasing the happiness you think we should all be chasing.Absolutely. Dr Ross Walker. That's the show for this week over the weekend, there's Best of Switzer. I look forward to seeing you on Monday night.

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