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 23, 2011

RBA: Australia's House Price-to-Income Ratio is ~4 times (chart)

This chart was just published by the RBA in its latest Financial Stability Review. It is very much in line with our own analysis. Well done to Luci Ellis and her team on producing a tremendous report. I hope to see Luci promoted to an Assistant Governorship in the not-too-distant-future. She will truly hate me saying that, but I believe in meritocracies.