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."

Sunday, January 22, 2012

The extraordinary rise of household spending on services

Via some truly excellent analysis of the 2009-10 Household Expenditure Survey by the RBA's Jarkko Jääskelä and Callan Windsor...Services now account for an incredible 60% of all Australian household spending.