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."

Saturday, July 14, 2012

Is there an Aussie government bond bubble? Probably (chart)

Yields are now at 60 plus year lows. Markets are awfully hard to time. But I strongly prefer floating, as opposed to fixed, rate debt...When yields start rising again, fixed-rate debt owners will realise capital losses. Holders of floaters will simply get better returns.


at 8:37 AM