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."

Tuesday, January 18, 2011

ANZ now forecasting > 3% core inflation through to 2013--bad news for rates

More worrying news on the inflation and interest rate front. This just now from ANZ:

"As a result of these influences, ANZ is now forecast underlying inflation to reach 3% in late 2011 and to stay above 3% for the remainder of 2012 and into early 2013 (see Figure 3 below)."