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, March 31, 2012

The Economist: Oops, Aussie house price growth has *not* been that high!!

The Core Economics guys highlighted this new chart from The Economist newspaper. It shows international house prices in real or 'inflation-adjusted' terms since 1975. Compared to Spain, Singapore, New Zealand, Ireland, France, Britain, Canada, Belgium, and the Netherlands, Australian house price growth has been relatively run-of-the-mill...