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, October 28, 2011

Interbank futures slash chance of Aussie rate cut from >100% to just 70%

Incidentally, the exact probability I proposed yesterday. Here is how the November Interbank Futures Contract has traded in the last 3 days. The big spike was the CPI. In fact, the probability of a cut next week is now back to its pre-CPI level.