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, July 17, 2012
Macquarie/Westpac see unemployment rate hitting 6%
A Macquarie senior economist has warned that Australia's unemployment rate could top six per cent in 2013, saying that the country's jobless rate is rising faster than official figures indicate, according to The Age...Mr Redican's view was bolstered by Westpac senior economist Justin Smirk. “Our measures of unemployment expectation by households suggests unemployment should be much higher than it is,” he said, according to The Age. Westpac expects the jobless rate to hit 5.8 per cent early in 2013.