I enjoyed this post from Kouk. Worth a read. Interesting insights on what the government was targeting apropos interest rates. The smart political strategy was always going to be to corner the RBA into rate cuts. I have been puzzled as to why the Coalition did not see this coming, and egged lower rates along...The ALP will have a field-day on rates come the next election, as Kouk is correctly hammering home.
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."