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."

Saturday, November 5, 2011

RBA warns "tradeables" (stuff we can buy overseas) *de-flation* on the wane

Something I have been warning about for a while: the currency's impact is more once-off than permanent on inflation. Check out this chart from the RBA's SMP comparing tradeables inflation in the 6 months to March 2011, and the 6 months to September 2011...