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, January 5, 2012

Is the Aussie consumer becoming less cautious?

The December and November rate cuts could go down as policymaking errors. Here are NAB's comments on the RBA's money supply data:

"Also evident in the numbers was the continued decline the M3 money and Broad Money measures of money supply which have both been falling MoM for 3 months now. This is also the case in the growth rates of the deposits with banks numbers in the RBA’s Monetary Aggregate table (+1.9% in Aug but now down to +0.5%). As our economists have mentioned, early days yet, but perhaps hints of less consumer caution appearing, big picture wise."
at 5:50 AM