Alan Kohler

But I think...

To some extent, it's going to be what the Iran Revolutionary Guard Corps does, also what Israel does, and how all that plays out.

So, you know, I mean, obviously Trump and the US are terribly influential in what unfolds in the Middle East, but he is no longer in full control.

Well, obviously people's superannuation depends on what happens in the markets and, you know, but look, I think there's, yes, there's a bit of what looks to be a disconnect between the markets and what's happening in the Middle East, but really what it is is a connect between what's happening with AI and the markets.

And, you know, I think the boom in artificial intelligence now has got to the point where it is, you know, absolutely historic and

And so, you know, a lot of people still think that there will be a market crash, that it's a bubble, but at this stage it seems to be supported by profits.

The thing about a bubble is that it's not supported by profits, but at the moment it is, and it seems to have a fair way to run.

I just think it's quite early days with AI, so I think, you know, anyone who's kind of expecting there to be a crash next month or something is probably going to be disappointed.

Oh, well, absolutely.

I mean, look, if the Strait of Hormuz is still closed in, I don't know, two or three months' time, then there will almost certainly be a global recession in

which will mean that the companies that are, and people to some extent, the companies and people that are buying AI subscriptions and producing these profits for these AI companies won't be able to do it anymore because they'll be going broke.

So yeah, I mean, I think that that's right.

At some point, a global recession will bring the AI boom to an end, temporarily at least.

But, I mean, in terms of AI and artificial intelligence usage, I think that the world has changed forever.

But it may be that a global recession caused by a continuing closure of the State of Hormuz sort of derails it for a while.

That's absolutely right.

Yeah, well, I mean, if there is a global recession, then the stock market will definitely fall.

Unemployment will rise.

I mean, it'll be terrible, no doubt about it.

What are the chances of that?