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, February 5, 2012
Koukoulas has access to the RBA's Tuesday Statement: they cut by 25bps
"At its meeting today, the Board decided to lower the cash rate by 25 basis points to 4.00 per cent, effective 8 February 2012. Growth in the global economy moderated in 2011 and the early indicators for 2012 remain subdued but on balance, much as anticipated. The United States is showing encouraging signs of growth and much of Asia is growing at a solid pace. China's growth has been slowing and it appears to be stabilizing at a more moderate pace, much as policy makers intended. Economic activity in Europe is consistent with a recession and this weakness will act to dampen global growth and confidence in 2012."