Michael Thompson

Because you mentioned there that we saw last week in the CPI figures that the inflation within building construction costs, right?

And we heard last week as well from the CEO of Stockland, Tarun Gupta, talking about price rises in the construction industry as a result of the war in the

He actually said there is the potential for a major, major slowdown.

How quickly will that flow through in terms of the building approvals and how quickly could we see this starting to hit the economy?

Okay.

And so that might be the case that the building approvals could still be quite good, even though on the ground, when the construction actually happens, they're starting to see the slowdown.

So you can almost have a bit of a mismatch until it starts to catch up.

And the other thing this week, household spending.

I mean, given interest rate hikes, given the cost of petrol,

These are going to be interesting numbers.

It is a massive week.

And then with the budget next week, this is a very, very busy month May is shaping up to be.

Yeah, big week, big month ahead.

Thank you for taking us through it this morning, Stephen.

Thank you, Michael.

That was economist Stephen Koukoulis, better known as The Kook.

You can find him at thekook.com, T-H-E-K-O-U-K.com, and follow him on LinkedIn as well, where he shares his insights and videos and analysis.

I'm Michael Thompson, and this is Fear and Greed Q&A.

Welcome to Fear and Greed Q&A, where we ask and answer questions about business, investing, economics, politics, and more.

I'm Michael Thompson, and good morning, Sean Aylmer.