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."

Monday, September 6, 2010

Inflationary Pressure Growing in Australia - JP Morgan

From Dow Jones today:

"0202 GMT [Dow Jones] Another report of surging jobs growth, with August ANZ job ads survey showing 2.6% on-month growth, could make RBA thinking a little more difficult in months ahead, says Helen Kevans, economist with JPMorgan. "Inflation is a big risk and it's going to cause a headache for the RBA. On one side we have a deteriorating global outlook and on the other side, we have local outlook where inflation pressures are quite widespread," says Kevans; tips strong corporate earnings, terms of trade, and even wages growth as all pushing inflation higher. While JPMorgan has RBA on hold tomorrow and rest of year, Kevans adds "if global picture picks up and local economy keeps powering ahead, that may need to change."
at 1:09 PM