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."

Saturday, December 10, 2011

Profile of Phil Lowe

A very nice profile on the RBA's Phil Lowe by Fairfax's Clancy Yeates. He should make it, but many a slip twixt cup and lip. Unlikely, but a Labor government could appoint Henry in a echo of Bernie Fraser. For mine, being a great Governor is increasingly not about being a great economist. It is about being able to get the RBA Board to make the right decisions at the right times, which is a completely different skill set. Completely different. It's just like the fact that great analysts or investors don't necessarily make great CEOs. And then there is luck. Every success story involves significantly more luck than the participants appreciate. Without some luck, you ain't going anywhere. With bad luck, you're buried. Literally.

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