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, November 10, 2011

DJ MARKET TALK: RBA's Lowe Says Rates Already Back To Neutral

0027 GMT [Dow Jones] RBA Assistant Governor Phil Lowe indicates the central bank may have already achieved its goal of restoring the setting of monetary policy to neutral with just one cut in interest rates. "Interest rates are broadly neutral, neither expansionary of the economy or contractionary of the economy," he tells a Melbourne conference. The remark casts doubt on the RBA's willingness to cut interest rates further in December, outside of a capitulation of confidence in Europe. (