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."

Sunday, May 15, 2011

Aussie manufacturing is fine...

So says my interest rate strategists friend over at Ricardian Ambivalence. The rates strategist lays to rest several myths about the decline of manufacturing in Australia. The good news is that the Aussie dollar is falling, and this is likely to continue so long as US inflation pressures build.