Australia's inflation and recession risk

The war in Iran is creating economic uncertainty around the world, with higher inflation putting pressure on central banks, including the RBA, to hike interest rates.

So, why are stocks still surging on Wall Street, driving the value of the world’s biggest sharemarkets to record highs? 

Today the ABC’s finance expert Alan Kohler on why investors remain so optimistic and it’s got a lot to do with AI.  

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Alan Kohler, ABC finance expert