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, October 2, 2010

So Australia's most eccentric journo calls me our most 'idiosyncratic commentator'

A huge plug from the so-called Shadow Governor, Terry McCrann, in The Australian today. The country's most eccentric journalist has described me as its most idiosyncratic! That's Terry's backhanded way of saying that he agrees with me. Rightly or wrongly, McCrann is Australia's most widely read journalist, and has the ability to move global financial markets with his rate calls on the basis that he has unique access to the RBA. In today's column he references me extensively, and agrees with the theses I outlined here yesterday regarding the asymmetry of the RBA's objective function, the Bank's price stability performance since the mid 2000s, and the fact that it has to look past contemporary data and back its modal vision of the future. It is a good column that is well worth a read here.