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, February 15, 2011

JP Morgan gets the RBA minutes right

The typically thoughtful Ben Jarman remarks:

"The minutes to the February 1 RBA meeting showed a Board content that the disinflation associated with a subdued consumer had (if somewhat surprisingly) delivered them more flexibility in the near-term. However, the strengthening momentum in global growth and commodity prices now means the end-game is a more stimulatory set of income and growth parameters. This suggests that the total pipeline of stimulus necessitates marginally more tightening over the horizon, notwithstanding a slightly slower pace near-term."

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at 10:45 PM