Hello and welcome to ACFM, the home of the weird left. I'm Nadia Idol and I'm joined by my friend

Kea Milburn. Hello. And my other friend Jeremy Gilbert. Hello. And today we're talking about

shock. So guys, why are we talking about shock today?

I think there's a couple of reasons.

I think one of them is that, yes, there is some shocks coming, like an oil shock and probably a

food price shock.

They're probably already in the post, I think.

And they're sort of working their way around the world and are going to hit us.

There's a delay because companies buy their oil into the world and are going to hit us. There's a delay because

companies buy their oil into the future at a set price, etc. And there's going to be a food

price shock because a large amount of the fertilizer for the world's food production comes

via the Straits of Hamoos. So that gives you now a little glimpse of why these shocks are there.

The war on Iran is having these ramifications in the economy.

There's this oil shock coming down the road

and already it's hitting countries actually already around the world.

Pakistan has declared free public transport last week in order to try to reduce the amount of traffic.

In Myanmar, or Burma, as it was known, basically depending on what your registration plate,

whether it ends in an order and even number, you can either drive on one day or the other day,

but you can't drive two days in a row.

So it's already sort of working its way through.

So we're going to have some shocks in the future, basically.

That's one of the reasons why you want to talk about shock.

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