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."

Wednesday, August 3, 2011

Aussie dollar crushed by nearly four US cents since RBA decision (chart)--just what exporters want

This is just what the many exporters (Origin Energy, BluScope Steel, PrimeAG etc) sitting on the RBA's Board wanted to see. The Aussie dollar has been crushed by nearly four US cents from its high of just under 1.11 US cents since yesterday's decision to hold...