The author has been described by News Ltd as an "iconoclast", "Svengali", a pollie's "economist muse", and "pungently accurate". Fairfax says he is a "Renaissance man" and "one of Australia’s most respected analysts." Stephen Koukoulas concludes that he is "85% right", and "would make a great Opposition leader." Terry McCrann claims the author thinks "‘nuance’ is a trendy village in the south of France", but can be "scintillating" when he thinks "clearly". The ACTU reckons he’s "an enigma wrapped in a Bloomberg terminal, wrapped in some apparently well-honed abs."

Wednesday, June 2, 2010


In the latest house price index release, we referred to disposable household income growth in comparison to capital growth. We muddled the dates slightly. If we take overall disposable household incomes between end 2007 and end 2009, growth has been 11.5 per cent. In comparison, capital city house prices have risen by nine percent. Amazingly, the rest of state markets have grown by just 3.2 per cent between end 2007 and end 2009. On a per household basis, the disposable income growth over this period was about 7.6 per cent.