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, August 9, 2011

Ken Rogoff calling QE3 and for Fed to "create inflation"

Highly regarded Harvard professor and former Fed economist, Ken Rogoff, who is very influential in financial markets, has called on the Fed to aggressively embark on QE3 and "create inflation" (see the Bloomberg interview over at Macrobusiness). Apparently this was one of the reasons for the market bounce today. (On US inflation, told you so, XXXXVI.)