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, October 13, 2011

Consumer inflation expectations jump from 2.8% to 3.1% (above RBA's target)

While lots of economists hailed the recent fall in consumer inflation expectations, I don't think we will see many talk up the spike today to 3.1% (above the 2.5% mid-point of the RBA's target). It does not gel well with their calls for rate cuts, or the dovish rhetoric. Of course, the series itself is volatile.