Alec
👤 SpeakerAppearances Over Time
Podcast Appearances
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News and markets.
Tensions have picked up in Iran again.
Interest rates are topping headlines here in Australia and the budget is just around the corner.
Ren, let's start with Iran.
It's amazing.
It only took 11 days for the market to recover back to its high before the war started.
To put that into comparison, as you said, it's the fastest in history.
If we go all the way back to 2000, the dot-com crash, it took 1,166 days.
Yeah, so what, more than three years?
Three and a bit years, yeah, to recover.
The global financial crisis took 1,021 days.
EU debt crisis, 99.
COVID, which at the time was an incredibly fast recovery, was 103 days.
The markets just almost brush this aside.
Yeah, that's the point as well.