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, July 28, 2011

The two charts that give Glenn Stevens heart palpitations and explain why rates are gonna rise

Here are two excellent charts from Citi that show why even setting aside Australia's extraordinarily high core inflation rate (in spite of massive currency appreciation, purported retail discounting, and a non-mining recession), we are gonna get a rate hike soon barring (a) the end of the world or (b) the RBA confirming it has dropped its inflation-targeting model.


at 7:43 AM