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, November 10, 2011

Koukoulas: "A rate cut in December - all but certain"

A lot of smart people are very negative on the Australian economic outlook right now. Goldman are forecasting a cut in December, as are others. Perhaps the most confident statement comes from Stephen Koukoulas, who comments:

"A rate cut in December - all but certain. But will it be 25 or 50? Today’s labour force data all but lock in a further interest rate cut at the December meeting of the RBA Board. The debate will likely be whether to go 50bps or just 25bps."