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, July 28, 2010

As I expected, Matt Johnson at UBS was the only economist who picked it...

Core CPI printed at just 0.5%, way below market expectations. There is no chance of rate hike at the next meeting. Inflation is falling. And the RBA forecast of 0.55% was spot-on.