FEAR & GREED | Business News ASX wipeout as oil surges; adult sites block Aussies; Gen Z rejects booze
Mar 9, 2026
Justin Hales, founder and CEO of Camplify — brief bio: built a marketplace for motorhome and caravan sharing — discusses Camplify’s growth and customer-focused product testing. He talks about aligning investor expectations with product improvements. He explains a mutual insurance innovation for owners and details plans and supply constraints for European expansion.
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Rapid Oil Spike Cuts Global Growth Fast
- Global oil shocks can quickly shave tenths of a percent from GDP in days rather than months.
- A $30 jump in oil (as seen when Brent neared $120) implies roughly 0.3–0.4% hit to global growth, per the hosts' rule-of-thumb math.
Treat Commodity Inflation Spikes As Temporary
- Expect central banks to treat commodity-driven inflation spikes as temporary and avoid immediate policy pivots.
- NAB forecasts headline inflation could peak near 5% but says the RBA may view the shock as short-lived.
Chinese Stockpiles Threaten Iron Ore Revenues
- China's iron ore stockpiles have surged, threatening miners' prices and government revenues.
- 163.3 million tonnes are awaiting processing and a 10% price fall could cut federal tax receipts by about $400 million.