# The Macro Chain Reaction of Oil Shocks | Bob Elliott

Page: https://stenobird.com/podcast/forward-guidance-4502930/the-macro-chain-reaction-of-oil-shocks-bob-elliott
Text version: https://stenobird.com/podcast/forward-guidance-4502930/the-macro-chain-reaction-of-oil-shocks-bob-elliott.md
Podcast: [Forward Guidance](https://stenobird.com/podcast/forward-guidance-4502930)
Published: 2026-03-18T04:00:00+00:00
Episode link: https://traffic.megaphone.fm/BWG3284786461.mp3
Audio file: https://traffic.megaphone.fm/BWG3284786461.mp3
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JSON: https://stenobird.com/v1/public/podcasts/forward-guidance-4502930/episodes/the-macro-chain-reaction-of-oil-shocks-bob-elliott
Duration seconds: 2852

## Resource

In this episode, we explore how a sudden oil shock and geopolitical conflict can quickly rewrite the global macro outlook, forcing markets and policymakers into a difficult balancing act between inflation and growth. We sit down with Bob Elliott of Unlimited Funds to unpack how the Iran-driven oil shock fits into today’s fragile, savings-driven economy. We discuss oil shocks past and present, policy sequencing, bond market reactions, global currency impacts, and why markets may be underestimating the second-order effects of rising energy prices. Enjoy! TIMESTAMPS: 00:00 Intro 02:30 Oil Shock Challenges & Today vs 2022 10:13 Contrasting the 2008 & 1970s Oil Shocks 15:15 The Energy Shock Impact on Households 19:16 How Will Central Banks & Bonds React? 29:50 Ads (Arkham) 30:38 Oil Shock Sequence of Events 32:28 Iran War's Asymmetric Regional Impact 39:00 What Happens to Gold? 42:02 Understanding a Wartime Economy 46:36 Final Thoughts FOLLOW GUEST › X/Twitter – https://x.com/BobEUnlimited FOLLOW THE SHOW › Felix – https://x.com/fejau_inc › Forward Guidance – https://x.com/ForwardGuidance › Telegram – https://t.me/+CAoZQpC-i6BjYTEx › Blockworks – https://x.com/Blockworks EVENTS › Join us at. Digital AssetSummit 2026 in NYC (March 24–26) › Use code FORWARD200 for $200 off https://blockworks.co/event/digital-asset-summit-nyc-2026 SPONSORS › ARKHAM Arkham is a crypto exchange and blockchain analytics platform that lets traders see inside the wallets of top traders, funds, and influential players in crypto — and act on that information. Sign up: https://auth.arkm.com/register?ref=blockworks Eligibility varies by jurisdiction. Users residing in certain jurisdictions may be excluded from onboarding. DISCLAIMER Nothing said on Forward Guidance is a recommendation to buy or sell se…

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## Transcript

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