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, November 7, 2012
The bottom of the interest rate cycle? Terry McCrann suggests maybe
So, another rate cut remains 'live' as soon as the December meeting. The two most critical bits of information will be the jobs data tomorrow and the wages data next week. Equally though, hopefully though, this could also turn out to be the bottom of the rate cycle.