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, June 20, 2011

Global interest rate correlations--amazingly high (chart)

From UBS's Matt Johnson--correlations with 10 year US rates...The average correlation seems to be around 70% at the 10 year horizon, which is pretty amazing when you think about it contextualised against the current changes in global economic dynamics (ie, where US growth is increasingly less relevant vis-a-vis Chinese and Indian growth).

at 11:41 AM