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."

Wednesday, March 24, 2010

On AussieBank and RMBS...

Just quickly, enclosed is an interesting article from Sean Garman giving the centre-right perspective on the AussieBank debate. Worth a read. It's been published by Menzies House, which is a new blog that I only became aware of today. And Australian Banking and Finance have this fascinating discourse with a leading asset-consultant on the investment merits of fixed income generally and RMBS more specifically. I guess the only thing I have to add is that the last three decades have been awfully poor for equities. That's a very long period of risk-adjusted underperformance. If you listen to Bill Gross, that's likely to continue. And I would note that as at March 2010 the ASX All Ordinaries Index is still well below its late 2007 peak. This is looking eerily similar to experience after the 1987 crash, fwiw...
at 12:39 PM