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, April 27, 2012

29 economists' forecasts for RBA decision on Tuesday

I've taken this data from the Bloomberg survey. So, in summary, 27 of 29 forecasting economists believe the RBA will cut by 25. But 50 is probably a 30-40% probability. My guess is it depends on how much the independent board members want to assert themselves. Fwiw, McCrann is with 50.