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."
Tuesday, April 17, 2012
Why does Australia have the lowest fixed-income weights in world (chart)?
Over the next 10 years, if the allocation to term fixed income of the super system goes from being the lowest in the world by far to perhaps just equal lowest with the likes of the US then this will create over half a trillion in demand for long term fixed income style assets. This would substantially mitigate the need for Australian banks to go offshore looking for funds.