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."
Wednesday, August 1, 2012
My quick analysis for AFR of ramifications of ABS house price results
The ABS results add to the emerging belief that there is no urgent need for the RBA to cut rates at its meeting next week. Despite subtle pressure being applied on the central bank by conflicted industry and political leaders, the RBA is keen to avoid the adverse consequences of artificially low interest rates. These include distorting savings decisions and the ensuing risk of speculative asset price appreciation.