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."

Thursday, January 20, 2011

Australian inflation expectations surge in January to 4.6% from 2.8% previously

According to Dow Jones:

"SYDNEY (Dow Jones)--Australian consumer inflationary expectations surged in January, reflecting Australians' increasing concern about the devastating floods that have ravaged Queensland state and other parts of the country, according to an industry survey published Thursday.

Following two straight months of declines, the Melbourne Institute Survey of Consumer Inflationary Expectations median expected inflation rate in January jumped to 4.6% from 2.8% in December, even as traders push out expectations of the next rate hike from the country's central bank. At current market pricing in the interest rate futures market, traders don't expect another rate hike from the Reserve Bank of Australia until December."