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 2, 2011

RBS canvasses conflicts on the RBA Board

From RBS:

"Perhaps it is reading too much into it, but there seems to be something of a split between Bank staff and the Board in that the staff had argued for higher interest rates on the back of forecast higher inflation back in May, while the Board wanted to hold off until last week's Q2 CPI. The Q2 CPI subsequently showed higher inflation coming through more quickly than had been thought, such that the staff would have been worried and hence argued again for a hike, but this time the Board held off because of global uncertainty. This makes it harder to work out the next window for a hike."