MB Radio: Deep T and the external shock

Padraic.Finucane · DeepT and MisterG 03 April 2026

With almost every nation on the planet getting a refresher ‘sovereign risk’ in the wake of the United States and Israel’s attack on Iran, and the Iranians ability to close the Straits of Hormuz choking off about 20% of the world’s oil and gas supply, Deep T and Mister G goes through the likely impacts on Australia.

Starting with the likely significant inflationary effects and the RBA options, he looks over the implications of the fuel rebate cut and the timeframes for secondary effects, as well as longer term employment implications, and potential for demand destruction. There is some discussion of the need to return to Australia an ability to supply some of our own manufactures and of the ability of the government to continue to support employment with government funded employment.

Discussion runs for about an hour and 15 minutes.