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 8, 2012

Bill Evans: RBA missed key nuances

All power to big Bill. He made a cracking call. I guess history will judge whether it really was the right one. Right now he is looking pretty fancy. From the AFR today:

Evans says that what he came to realise sooner than the RBA was that the so-called “trickle-down” effect of mineral wealth was being disrupted by one key phenomenon – households were saving, rather than spending, any extra money. He argues that the mining boom narrative was allowed to dominate monetary policy setting within the RBA, missing key nuances