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."

Tuesday, November 1, 2011

Mark Bouris outlines a comprehensive case for cutting rates

A very solid Business Spectator column here. He outlines his logic and concludes:

"On the basis of the above, a technical readjustment of policy today, by bringing the RBA’s official cash rate back to 4.50 per cent, would buy Australia some valuable insurance against more adverse outcomes. It would also furnish some much-needed relief on the four to five million households with a mortgage out there."