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, October 11, 2012

11 of 17 economists see jobless rate moving from 5.1% to 5.3% today

Only one economist sees it staying at 5.1%; none see it falling. That is, 17 of 18 economists have it rising to 5.2% or 5.3%. So, what does this tell us: it will be a big surprise if the jobless rate stays at 5.1% or falls, but in line with expectations if it bumps up a bit to 5.2% or 5.3%.