“Sook” is a sledge that was used in federal parliament in the sitting fortnight that just ended. It could be used, too, to describe money market operators who’ve been offended by recent speeches given by the Reserve Bank’s deputy governor, Andrew Hauser.

Hauser’s objective in using language such as “false prophets”, “charlatans” and “buffoons” was not to create a new class of sooks but to warn against overconfidence in predicting where the economy is heading.