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."

Saturday, September 4, 2010

And less immigration may mean higher interest rates...

Macquarie's Richard Gibbs puts it this way:

"[S]uccessfully predicting employment growth is only half the problem. For policymakers, they must also anticipate how that outlook will affect wages growth and hence inflationary pressures. And it remains the case that a slowdown in population growth – by reducing the pool of potential workers – could be consistent with accelerating wages. For these reasons, the RBA is likely to remain highly wary of labour market developments into 2011."