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."

Thursday, September 22, 2011

What a surprise: Aussie dollar getting inflationary again (currently at 1.0063 US cents)

Hmmm, I have been expecting this to happen eventually; it was more a question of when. According to RBA research, a circa 10% decline in the AUD will add about 1% to inflation over 3 years...Of course, we have had much more appreciation than depreciation.