The market says the crisis is over. April 17, 2026 artwork

The market says the crisis is over. April 17, 2026

Motley Fool Money

April 17, 2026

– Market back at pre-war highs – The risk and opportunity of ‘sentiment’ – Qantas and Virgin raising fares and cutting flights See omnystudio.com/listener for privacy information.
Speakers: Scott Phillips, Andrew Page
**Scott Phillips** (0:10)
Welcome to Motley Fool Money, the podcast that thankfully has not had a warning from the IMF, at least not yet. I'm Scott Phillips from the Motley Fool, he is Andrew Page. The man that, well, frankly is in creating an organization that may at some point be larger than the IMF. I'm not saying tomorrow, I'm not saying next year, I'm just saying at the current rate of growth, strawman.com, which is currently Australia's premier online investment club, is only a hop, skip and a jump away from being the world's largest financial institution by some margin, I would suspect. Mr. Page, how are you?

**Andrew Page** (0:42)
I'm very good, sir, how are you?

**Scott Phillips** (0:43)
Very, very well, thank you. Strawman is clearly on that trajectory, I assume.

**Andrew Page** (0:47)
Well, I'm not fast enough with my typing.
I'm hearing you, actually, how much money do they make? So net income, FY 2026, approximately 2.3 billion US, apparently.

**Scott Phillips** (1:00)
You already have surpassed them.

**Andrew Page** (1:01)
That's right.

**SPEAKER_3** (1:04)
I might snap them up.

**Scott Phillips** (1:07)
Reverse takeover, mate, you do the sort of thing these days.

**SPEAKER_3** (1:09)
How do they make their money?

**Scott Phillips** (1:11)
The IMF.

**Andrew Page** (1:12)
Yeah, yeah.

**Scott Phillips** (1:13)
I'm just surprised they've got net income, I've got to say. There must be an accounting transaction somewhere, but I suspect it's kind of... I would have expected that.
That's what Robert Holler didn't mean to open, but I would have assumed that would have been effectively a not-for-profit, like a break-even. We're just kind of getting paid here and paying it back there, but obviously, maybe not.

**Andrew Page** (1:30)
Well, I mean, like all good loan sharks, they charge interest.

**Scott Phillips** (1:33)
If you can, you do, right?

**Andrew Page** (1:34)
And the loan disbursement fee. So yeah, there you go. And there's something to explore and dive into later.

**Scott Phillips** (1:41)
That sounds exciting. Listen, no, we're not gonna do that. We're not gonna take you through the innards of the IMF. Andrew will still look at it later. He'll be, that's the rest of his day, he's pretty much gone now. He's got a project and we'll probably hear about it on Sunday.

**Andrew Page** (1:52)
I like a bit of hate reading, you know, just like, ah, grumble, grumble, grumble.

**Scott Phillips** (1:56)
After that, mate, how are you?

**Andrew Page** (1:58)
I'm pretty good. I'm pretty good. How are you?

**Scott Phillips** (2:00)
Nice. Oh, yeah.
I've been better.
I am actually 100% fine and great and wonderful. I just have had to lodge an insurance claim this morning that you well know. So thank you for asking the question. Sorry, mate. So I'm gonna try and be positive and upbeat and keep everything in perspective. But I've got to say, for all of that, a bit like Australia, we've got problems, but I'd rather have ours than anybody else's. If that's the extent of my problems, mate, then my life is pretty good. That's true. Listen, I will say, I got most of my swearing out of the way before we started recording. As Andrew knows. One of those things. But you know, you know, you know, it just is what it is.

**Andrew Page** (2:37)
Well, only last week on the pod, you were saying, well, these will have insurance, you know, you pay it all out, hoping that you never need to claim it. So unless you can feel good on that angle, it's like all those premiums, you know, counted for something.

**Scott Phillips** (2:50)
I had to say 750 bucks too. I was pretty happy with that. So, I mean, that claim has been accepted yet, so I still, I can't say why it wouldn't be, but yes, assuming everything is okay. Assuming it all goes through. I have lodged the, we started recording late, not that listeners will notice, about five minutes late, because I was on the phone, surprisingly on the phone for ages with an insurance company. I'm lodging the claim, but we'll see.
I will, whether or less as care or not, I'll probably report back periodically and let you know how the whole thing is going. And fingers crossed, going better than it otherwise might. Can I just put it that way?

**Andrew Page** (3:18)
My voice is not too painful for you. It's not, any call center anywhere at any time is an inner ring of hell that no one deserves. So I think I feel more sorry for you for having to go through the process than the damage that was caused.

**Scott Phillips** (3:33)
Oh yeah, fingers crossed, fingers crossed. Anyway, anyway. Mate, an interesting week this week.

85 more minutes of transcript below

Feed this to your agent

Try it now — copy, paste, done:

curl -H "x-api-key: pt_demo" \
  https://spoken.md/transcripts/1000761951249

Works with Claude, ChatGPT, Cursor, and any agent that makes HTTP calls.

From $0.10 per transcript. No subscription. Credits never expire.

Using your own key:

curl -H "x-api-key: YOUR_KEY" \
  https://spoken.md/transcripts/1000761951249