Tag Archives: polls

Forget the wisdom of crowds!

Congratulations to all you insightful Stubborn Mule readers! Despite the fact that pricing in the financial markets was indicating around a 60% probability of the Reserve Bank hiking the official interest rates, participants in a poll here on the blog put the chances of no move at 60%. Even the fact that Sportsbet punters* were tipping a rate rise did not sway Mule readers. And it turns out that they had a better read of the RBA tea-leaves than the so-called experts. Today the RBA announced they were leaving the official cash rate unchanged. Well done, all of you!

* Interestingly, Sportsbet have pulled financial bets from their website. Perhaps the Mule post on the topic had some repercussions. UPDATE: their financial bets are up and running again.