Larvatus Prodeo

As a bit of an update to my post last night, the Essential Research poll is now out, basically showing no change from last time. Possum has more on all the other questions asked. So, we can now be more confident about suggesting that Malcolm Turnbull’s leadership has yet to really shift any of the trends that were evident under Nelson – this also highlights the vast over-inflation of the importance of Preferred PM and Opposition Leader approval ratings in most of the punditariat’s commentary. It will be very interesting to see what the delayed Newspoll says – since this is apparently the only poll the punditariat focus on. Where to now for the famous “media narrative”?

Peter Martin has all the wonky stuff worth reading on the Reserve Bank’s 1% rates cut, which a number of banks and lending institutions have indicated will lead to a .8% cut in their variable mortgage rates. Dennis Atkins, writing at Party Games, thinks that the Reserve has given the Rudd government political breathing space.