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

Curious coincidence with RBA Governor Glenn Stevens

The day before the RBA Governor, Glenn Stevens, is to present to Parliament on the Securency and NPA scandals, the Australian media is awash with reports he was approached to become the next Governor of the Bank of England. There was breathless reporting of this on Sunday, and then, more formally, again on Monday. Unfortunately, this was evidently all a ruse--Governor Stevens himself stated no such approach had ever been made. It was, however, a very valuable diversion, with sundry articles published explaining why Governor Stevens might be considered for such a position on the day he was to be grilled by parliamentarians. It strikes me as some very nifty tactical PR. When I saw the media on Sunday, that was my immediate response--somebody is playing games here. This was confirmed on Monday when Stevens reportedly said it was all BS.