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 7, 2010

One interesting point about the RBA's comment on dwelling prices

Notice how the RBA tell us in the statement yesterday that, "[c]redit outstanding for housing has continued to expand at a solid pace, but dwelling prices are rising more slowly than earlier in the year." RP Data-Rismark's hedonic house price indices were the first to document the slow-down in dwelling price growth over the months of April and May.