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, January 25, 2011

RBA looking like the world's best central bank right now...

Update: as it turned out, core inflation came out at just 0.4 per cent, which was lower than the average economist expectation of 0.7 per cent. In short, this means that there is little chance interest rates will rise in the next three months. The RBA should be on hold until we see the next inflation read in late April.