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, June 2, 2011

RBS on June or July, and media signalling

Brave call from Kieran Davies and Felicity Emmett:

"The Board meets next week and we very slimly favour a hike, although we acknowledge that the private-sector members of the Board may resist a move given some weakness outside of mining and the high level of the dollar. In that respect, the media are now arguing that the Bank will hike most likely in July, which will be an interesting test of whether the Bank is back to using the media to signal its intentions (after a long absence, the Bank turned to the media to signal its more hawkish outlook for inflation in the lead-up to the Statement on Monetary Policy). The market pricing for a June hike is 12%, with a full hike not factored in until early next year."
at 9:04 AM