Interesting report from TD Securities today on the monthly inflation gauge:
"The overall signal from our Inflation Gauge for this quarter is that the acceleration in prices evident in the first half of this year may have taken a breather. However, the spike in the annual rate of our trimmed measure to 2.8 per cent is a trend worth watching closely for signs of year-end inflation re-acceleration.”
Real-time, stream-of-consciousness insights on financial markets, economics, policy, housing, politics, and anything else that captures my interest. Tweet @cjoye
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."