Dire Straits
4/29/202655 min
On The Money Café this week, Alan Kohler and James Thomson unpack the Strait of Hormuz standoff, the state of the Australian and US economies, the federal budget, and the AI boom — plus listener questions on capital gains tax, energy, and the NDIS.
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First 90 secondsSpeaker 00:00
The Money Cafe is proudly brought to you by Intelligent Investor, Australia's home of value investing. For a limited time, you can get Alan Kohler's weekend brief, in-depth economic analysis, CEO interviews, the latest market insights, a limited edition Money Cafe cap, and more for just $297. Find out more at moneycafe.com.au.
Alan Kohler· Host0:23
[upbeat music] Hello, I'm Alan Kohler, editor-at-large of Intelligent Investor and finance presenter and columnist for the ABC.
James Thomson· Co-host0:40
And I'm James Thompson, senior Chanticleer columnist at The Financial Review.
Alan Kohler· Host0:44
And we are The Money Cafe.
James Thomson· Co-host0:46
Yay.
Alan Kohler· Host0:46
Good day, James. Um, so, uh, well, uh, we still got the Strait of Hormuz closed.
James Thomson· Co-host0:53
Yes.
Alan Kohler· Host0:54
[laughs] Um, they're not even talking. [laughs] Can't... Um, well, uh, d- Iran won't talk. So, uh, where do you think we're at now?
James Thomson· Co-host1:03
Oh, I think we're in... Uh, well, it's... I shouldn't... No pun intended, but we're in dire straits. I mean, th- th- this is, you know... We- we're two months into the war now. We- the, the two-month anniversary was yesterday. Um, w- what we are seeing is, you know, if you cast your mind back to that time, we were told by all the experts that, you know, "Oh, four weeks is... If this isn't over in four weeks, this is, you know,