Kouktastrophe deepens

It’s been a ceaseless gusher of drivel since the crisis started. Early last month, The Kouk blasted the decision to implement a travel ban on China:

The Kouk then called for the travel ban to be lifted:


He also played down the economic impacts:

Then, The Kouk slammed into reverse gear, warning of widespread economic damage from the virus and demanding massive stimulus:


Now, it’s all about attacking those that did get it right:

Oh no:
We are seeing an array of Steve Keen wannabes starting to emerge saying “I called the crash”.
Amazing that they were more prescient than every medical professional in the world.

— Stephen Koukoulas (@TheKouk) March 25, 2020

Amid reems of contradiction:

Not sure why some are advocating for people not to pay their rent. What next? Don’t pay for food? Medicine? Petrol?

— Stephen Koukoulas (@TheKouk) March 24, 2020

With the housing market in lock down, the govt must pay everyone’s rent and mortgage interest for the next 6 months. Eliminate stress in that area. NOW

— Stephen Koukoulas (@TheKouk) March 24, 2020

From time-to-time The Kouk makes sense. Most often when he isn’t sending thought bubbles into the twittersphere.

Stop it, Kouk. Do your research and publish considered articles instead so you can make a useful contribution to public debate.

I never tweet for this reason.

David Llewellyn-Smith


  1. St JacquesMEMBER

    Comparing shooting deaths to an exponentially growing contagion. Anb about the black death Kouk? No recession, hey?. Didn’t this spurious fool learn in primary school not to compare apples to oranges. What a wanker.

    • Stupidity is hereditary you know…

      “Every year, 10,000 are killed by mace and crossbow, and yet people have the hide to call this thing the Black Death”

      14th century, Kouk’s great great great great grandfather (probably).

      • On average more people have died from the Black Death. So the Koukoo forecasts an average Black-Death rate for this year.

  2. Economics, Kouk-style …. and this is one of the country’s ‘premier economists’ — wow, no wonder we’re so rooted.

  3. St JacquesMEMBER

    Out of interest some here (including myself) have argued that lacking an industrial base could hamstring us in an major emergency. At this moment in China, Europe, and North America, the car industry sector is playing a leading role mass producing hospital respirators.

    • Yep, its not about the ability to produce tanks or guns, but the ammunition and spare parts. That’s why the auto industry should have been supported. That’s why a lot of industries and sectors requires strategic policy directives, not BS free trade “let the market sort it out” nonsense.
      If ever we needed an “office of strategic defense” or somesuch thing at the federal level to direct all national policy, its now. Add on water supply, biosecurity, energy policy, food and supply chain robustness etc etc. Hell, even make it a Department or a fourth arm of the ADF…

      • darklydrawlMEMBER

        Great comment Chris. We are likely to pay a heavy price for such short sighted stupidity.

        • PalimpsestMEMBER

          I understand your point. It’s true that the best time to plant a tree is 10 years ago, but today makes the best next choice. So I would argue that it’s time to start now, even though we should have been there 10 years ago. It’s an idea we will have to push though.

          The issue is an ideological one. If you believe the mixed economies are the best approach for small (and shrinking) economies, then there’s a Government role in strategy, and supporting emerging strategic industries. If you believe that Government is the enemy, and smaller Government is the optimal, then there will be no change.

          We have repeatedly voted for no local manufacturing capability. It was seen as critical for 10-20 years after WWII. Not recently. Maybe as we reset everything else, we can reset this too.

      • St JacquesMEMBER

        Yes, exactly, we need that – we’re not talking about going back to the sixties and fifties where Oz blindly supported all forms of manufacturing, from the sophisticated down to the simplest, like basic clothing, with massive tariffs, quotas and whatever.

      • The next world war will be over in a matter of hours, there will be no time to make ammunition and spare parts. All that matters will be your stockpile before the bombs starts flying.

        • St JacquesMEMBER

          Stockpiles matter too, but the assumption that the only emergency (including wars) will be an apocalyptic nuclear shootout is faulty. The Americans found that out the hard way in the Korean war. And here we are in a major emergency.

        • david collyerMEMBER

          Eb, your empty assertion would require a real world test to prove.

          Were the CCP to shoot nukes, the US would obliterate their leadership and industrial choke points with conventional weapons. It has the firepower to do it, too.

      • It’s almost as if straight white males who make things in factories (I know there is all sorts just being funny) are required after all?

    • Did you see the article on Walkinshaw? They want to tool up to make ventilators with 3D printing kit. Waiting to be asked/brought into the convo (or somesuch)

      • St JacquesMEMBER

        No, but illustrates the point perfectly. Actually this came to my attention a couple of days ago when reading a Spanish newspaper as they get their automotive manufacturing sector, (the second largest in Europe) ready to contribute. They mentioned the efforts all ready underway in other countries, including Ford in China producing tens of thousands of units.

    • Yes, government should have continued to support car industry as they get government support in just about every other country, don’t they, how else can we compete? In fact the fact that government policy in just about every area forces prices up eg, transport, energy, housing etc etc tar Australian government should have been funding a major industry like automobiles far far more than other countries do. This is the corrupted capitalism that decades of Australian politics has given us, primarily thanks to the LNP who supposedly are the flag bearers for capitalism. Australia is completely fecked up! (we are not alone)

  4. I reckon Kouk’s rambling would make much more sense if we were all privy to the daily movements in his investment portfolio.


      Yes I would say mr push me pull me is cooked if he took his own investment advise no more licking chianmen boots for him

  5. Does anyone know who pays the Kouk? I’m genuinely interested to know who his employer(s) is / are…I think it would help in understanding the views he represents.

        • “It is difficult to get a man to understand something, when his salary depends on his not understanding it.”
          ― Upton Sinclair
          You get EXACTLY what you pay for.

        • People pay for what they want to hear. All you have to do is be reasonably entertaining and people will pay you to talk. I’ve seen it over and over. The speaking circuit is mostly a place for conmen in my opinion. There are exceptions to the rule of course.

  6. He gets paid a fortune to tell you what you’d hear in a pub from an unemployed dole collecting mate…

  7. “…From time-to-time The Kouk makes sense….”

    Yes – there was that time when the Hale-Bopp comet was passing through.

    Did I miss another one?

  8. i tweet. i’m lucky no one follows me (even my few followers) so i can tweet what I want when I want (if my wife says its ok but since she isn’t on twitter)

  9. blacktwin997MEMBER

    That picture of the Kouk looks like the end result of Gina Rinehart and Bernard Salt having too much red on the couch. Somehow stupider but.

  10. They say when the tide goes out, we all see who’s been swimming naked. We also see who is actually a good economist/analyst and whose a Dumpty. This fella is a Dumpty…