Twitter should fact check Kouk

All day, every day he demands more stimulus:

A lesson from England for the RBA and government in managing economic policy in the deepest recession since the 1930s https://t.co/vKqeqg8k9X

— Stephen Koukoulas (@TheKouk) May 29, 2020

While berating government debt:

Government debt just hit a fresh record high: $658.3 billion. Up from a tiny $273 billion at the time of the September 2013 election. pic.twitter.com/SZgCE669JF

— Stephen Koukoulas (@TheKouk) May 29, 2020

Twitter should fact check, Kouk. Doing so is doing my head in.

And if you want some more balderdash then cop a bit of Shano:

We expect Aust Q1 GDP of -0.3%. But its a close call & we may just sneak into +ve territory which would pave the way for Aust to retain its record run without a “technical recession”. Even -0.3% would be better than most countries. Real hit is Q2 & its still a horrible disruption pic.twitter.com/sFmkjuBWpv

— Shane Oliver (@ShaneOliverAMP) May 29, 2020

We didn’t have a recession with the entire economy shut down. Go Straya!

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.