Super User

Super User

Thursday, 06 February 2014 13:31

The Australian Financial Review

One of Australia's most influential economists.

Thursday, 06 February 2014 13:30

Alan Kohler, Author and ABC TV journalist

One of the most articulate economists in Australia.

Thursday, 06 February 2014 13:29

The Australian Financial Review.

The Prime Minister's Office has placed a premium on economic and policy advice recruiting high-profile market economist, Stephen Koukoulas.

Thursday, 06 February 2014 13:27

Head of Communications Randstad

I've only heard great things about your presentation at the breakfast.

Thursday, 06 February 2014 13:24

Head of communication - Randstad

I've only heard great things about your presentation at the breakfast – so thank you. Clients and staff all raved about you – how engaging, thought provoking and entertaining you were. You made the content come alive.

Wednesday, 05 February 2014 23:02

Aussie dollar outlook

In this video The Kouk discuss the state of global financial markets and the outlook for the Aussie dollar with ABC News.

Wednesday, 05 February 2014 22:34

Why Australia won't face a recession

Speaking at the GRDC's Bendigo Farm Business Update, The Kouk discusses the outlook for agriculture.

Wednesday, 05 February 2014 22:30

Optimism for 2014 in the business sector

Stephen speaks to ABC news hosts regarding the newfound optimisim by Australian businesses for the coming year.

Wednesday, 05 February 2014 22:05

Forget debt!

The Kouk and Judith Sloan debating the impact of household debt on Australians at the Festival of Dangerous Ideas 2013.

Page 1 of 2


It’s time to end the “strong economy” propaganda

Thu, 20 Jun 2019

This article first appeared on the Yahoo Finance website at this link: 


It’s time to end the “strong economy” propaganda

For the last year or so, it has been obvious to anyone with an open mind that the economy is in trouble. Unfortunately, the government and the Reserve Bank not only ignored this growth slump, but they ran a propaganda campaign saying the economy was “strong”, that unemployment would keep falling and wages growth was poised to pick up.

It might have been politics that lead the RBA and Treasury to this view with the recent election swinging on the economic credentials of both major parties. Ahead of the election, the RBA and Treasury were loathe to undermine the government with an honest assessment of the rapidly spreading economic problems.

It is possible that the forecasts were a simple error, which sometimes happens when an external shock hits the economy.

Either way, things are so bad in the economy right now that forecasters are rushing to out-do each other on how low interest rates will go in this cycle. Some are canvassing negative interest rates, printing money or the need for a fiscal policy boost if the economy remains in its economic funk.

Time will tell.

The range of forecasts that where regularly produced by the government (Treasury) and the RBA up until very recently were unambiguously optimistic. The forecasts ignored all hard data on the economy, which suggests it may have been a political strategy to remain upbeat, rather than it being a clumsy forecasting error.

An update on my house price bet with Tony Locantro

Thu, 20 Jun 2019

This article first appeared on the Yahoo Finance website at this link: 


An update on my house price bet with Tony Locantro

It is difficult to think of a bigger issue that gets Australians fired up than house prices.Regular readers will know that back in September 2018, I made a bet on house prices with Tony Locantro, a fired-up Investment Manager with Alto Capital in Perth.

Tony wont mind me saying this, but he is what is called an ‘uber bear’ on house prices – he reckons prices are grossly inflated and are overdue to collapse. On the other hand, I reckon there is a cycle and that after the surge up to 2017, house price falls were inevitable, but that the decline would last only a couple of years and would not be too severe.

The bet was framed around a peak-to-trough fall in prices of 35.0 per cent in either Sydney, Melbourne or the 8 capital cities measure used by the Australian Bureau of Statistics. If prices fell by more than 35 per cent at any stage from the peak until the end of 2021, Tony would win, if the fall was less than 35 per cent, I would win.


That background is important because the ABS just released the official dwelling price data for the March quarter 2019.

In the quarter, dwelling prices fell 3.0 per cent in the 8 capital cities and dropped 3.9 per cent in Sydney and 3.8 per cent in Melbourne.