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."

Thursday, February 24, 2011

UBS's Matty Johnson is back

The big interest rate gun is back, and has unholstered his pistols. Here's a squiz at his rates recommendations today:

"While our official forecast is for the RBA to tighten in H2’11, the risk worth taking (against market pricing) is that the RBA moves earlier. Wages pressures are accelerating a little more quickly than anticipated, commodity export prices / the terms of trade are high and rising, and Capex intentions continue to swell (the first estimate for 2011/12 is 132.7bn, implying +38%y/y)."