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."

Friday, August 12, 2011

Koukoulas: The case for rate cuts

Impassioned and florid as ever, the PM's former economic advisor implores a "pragmatic" RBA Governor to ignore recent inflation, and his published inflation forecasts, and to cut rates based on Koukoulas's economic activity outlook, and the presumption that inflation will fall alongside it. Good on him if he gets away with it. House prices will be the chief beneficiary.