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, May 1, 2012

Best RBA meeting since February: bonds/currency traders looking for 50

Three year Aussie govt bond prices have started a mid afternoon rally (first chart), the currency is weakening (second chart), and the May interbank futures contract is ramping up the probability of a 50 basis point cut (third chart)...Anyone calling 50 would be heartened by this price action.