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, March 14, 2011

More on US inflation expectations

From UBS:

"The University of Michigan consumer sentiment index plunged 9.3 points (12%) to 68.2 in early March. A surge in inflation expectations drove much of the decline. Long-term inflation expectations jumped to 3.2% from 2.9%, breaking above their recent range. Short-term inflation expectations rose to 4.6% from 3.4%."