James Thomson

speaker

2,279 appearances 7 recordings 2 series first heard Apr 2026 last heard 12 Jun

James Thomson’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 7 in all, peaking in May 2026 with 4.

Appearances

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Chanticleer · SpaceX has lift-off, the business of the world cup & the big bank big short · 12 Jun 2026 podcast

All this sort of stuff, no forecasts.

I mean, ASIC wouldn't normally go for it, but here they've just decided it's too big to not be part of.

Yeah.

Australians are going to be exposed to this through their superannuation funds, through share market indices.

They're going to be able to buy shares on day one, two, or three, and the risks will be just as big at that stage.

So why not let them at the IPO?

So it's quite a pragmatic approach from ASIC.

But you do also have to think again when rules start getting a bit bent.

Yeah, I agree.

I think the Council of Financial Regulators, which is the RBA, APRA, Treasury, ASIC, I think they would be thinking about the concentration risk here.

There's a lot riding on this bubble here.

You're probably right.

Would there be systemic impacts like the GFC?

Probably not.

But the dot-com bubble caused a pretty negative wealth effect and did tip the US economy into recession, which would be felt here.

So I think there's things to be alert about, and I think the Council of Financial Regulators would be thinking about that.

But it's sort of more of a long-term thought.

Anthony, I spoke to a guy this week called Ian Patrick.

He's the chief investment officer of Australia's second biggest super fund, which is called Australian Retirement Trust, or ART.

Now, the thing he's thinking a lot about is, where does all the money come from for people to buy SpaceX shares?

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