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."

Friday, July 30, 2010

Interest rate forecasts out to Q3 2011, for those that like this stuff...

Economists were asked by Reuters what the cash rate would be after the next  RBA meeting on Aug 3, and where rates would be at the end of the  following five quarters. Here are the results. If the economists are right, we could have another 100bps of rate hikes or cost of credit increases.