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."

Thursday, June 14, 2012

DJ: Bundesbank Considers Buying Australian Dollars - Sources

From Dow Jones this morning. One trading desk comments:

THIS IS THE WHY THE $A IS NOT ACTING AS MANY SUSPECT IN A RISK OFF SCENARIO AND WHY AUS RATES ARE SO LOW COMPARED TO RBA FORECASTS. THE CENTRAL BANK DIVERSIFICATION BID IS MASSIVE. INTERESTING DYNAMIC FOR THE ECONOMY AS HISTORICALLY THE RBA HAS USED THE CURRENCY AS A BUFFER. IF THIS DOESNT FALL AS FAR AS USUAL IN RECESSION THIS GETS VERY INTERESTING IN TERMS OF RBA POLICY - RBA HAVING TO DO MORE THAN USUAL?
at 9:05 AM