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."

Wednesday, February 1, 2012

AFR's Mitchell: Rate cut next week a "very close call"

Now Alan Mitchell makes more sense:

Will the Reserve Bank of Australia cut the official cash rate again next week? It looks like a very close call. The RBA probably has more work to do in supporting the economy but, with the cuts in November and December and the improvement in the sentiment manifested in global share prices, it can afford to wait for more information. You can bet that the RBA would very much like more information, not just about the course of events in Europe but also about the direction of the labour market and unit labour costs in Australia.