An old proverb says: “a picture paints a thousand words” and in this book, the pictures are the charts. Our World in Charts has over 150 charts that depict a range of economic, market and social issues. There is a lot of information in each chart and each tells a story which authors Alan Kohler and Stephen Koukoulas explain.
Charts give context. An annual budget deficit of $30 billion sounds a lot, but relative to the size of the economy in 2017 it’s about the average of the last 40 years. A chart can show this.
Ask a good economist, “how are you today?” and they should answer, “relative to what?” Charts show how the economy or markets are today relative to the past.
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ABOUT THE AUTHORS:
Alan Kohler started as a cadet reporter for The Australian in 1970, covering the stock exchange when there really was a stock exchange, with chalkies and brokers who shouted at them from below. And in those days there was plenty of shouting: it was the peak of the Poseidon boom.
After a few sidetracks, including working as an underground miner in Kalgoorlie, he became editor of the Australian Financial Review in 1985 and editor of The Age in 1992. Along the way he had two stints as Chanticleer columnist for the Financial Review.
He joined the ABC in 1995, first as a reporter on the 7.30 Report, covering, among other things, the 1998 waterfront dispute, and then as host of Inside Business and finance presenter on ABC news, which he is still doing today.
In 2005 he launched Eureka Report, a newsletter for self-directed investors, and in 2007 followed up with Business Spectator, a 24-hour-a-day online business news and commentary publication. In 2012 those businesses were sold to News Corporation.
As well as being the founder of The Constant Investor, Alan is currently business editor at large of The Australian, finance presenter on ABC news, presenter of the Talking Business channel on Qantas inflight radio and adjunct professor in the business faculty of Victoria University.
Stephen Koukoulas in an economist with a diverse range of experience. Stephen began his career in the mid 1980s in the Federal Treasury and less than a decade later at age 32, he was Chief Economist of Citibank. Stephen had a short time writing for the Australian Financial Review before returning to the role working in financial markets, where he headed up global macroeconomic research for TD Securities in London, a role he held during the tumult of the global financial crisis. After a brief and enlightening period working as economic advisor to Prime Minister Julia Gillard, he established his own firm, Market Economics where he is now as Managing Director.