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, April 12, 2012

One of the best proxies for Aussie GDP--NAB's Biz Conditions Index--is "at trend"

This chart from NAB's head of research today. The NAB Business Conditions Index (or survey) is one of the most closely followed by the RBA, notwithstanding its weighting shortcomings, which I have highlighted here before..."At trend"