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."

Thursday, July 8, 2010

As I expected, bears cop more beatings...

First, a steller jobs report today with Australia's unemployment rate rapidly approaching the NAIRU (note to Julia Gillard: we need to import more human capital) and then the IMF upgrades its global growth forecast for 2010 from 4.2 to 4.6 per cent. Read the story here. I would put the probability of a rate hike in August at > 65%.