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."

Friday, September 30, 2011

Koukoulos's rate calls: Two cuts (50bps) by November, and 75bps by December

Steve wanted me to clarify that he is currently forecasting a rate cut in October (next week), and, if not then, two rate cuts in November (ie, 50 basis points in total), and three rate cuts by December (ie, 75 basis points to bring the cash rate to 4%). The current cash rate is 4.75%. Or, in Steve's abridged words on Twitter: "RBA likely to cut in Oct / if not then 50 in Nov and 4% in Dec."