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, August 7, 2012

At least one rates strategist is still forecasting a 100bps of additional RBA cuts

My mate over at Ricardian Ambivalence remains very bearish. But he was bearish on NZ too expecting  cuts in June and July, which did not come to pass. To my mind, the base-case right now looks middling, if I can put it that way. I think my AFR column today describes the RBA's dilemma best.
at 5:42 PM