A stiff back-hander from an old hand to a young one today via TerryMcCrann:
OH dear. There is never any shortage of twits prepared to share their vast, ahem, “perspicacity” with us.
On Monday, Callam Pickering, the economist at our online affiliate Business Spectator thundered: “How the RBA got it wrong on rates.”
It made for persuasive reading as Pickering noted signs of slowing in the economy; concluding that while the RBA might be happy to wait right now rather than cut again, there “is growing evidence that it’s got the timing wrong”.
What made it interesting was less than a month ago, Pickering had just as authoritatively thundered: “Why the Reserve Bank is right on rates.”
He’s allowed to change his mind, Tezza, and “thundering” is his job description, just as it is yours…
