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."

Monday, June 7, 2010

If you want to understand just how bad Europe is...

Check out how the British Prime Minister characterises the situation, via FT and Reuters:

*UK’S CAMERON SAYS OVERALL SCALE OF DEFICIT PROBLEM IS EVEN WORSE THAN WE THOUGHT

*UK’S CAMERON SAYS POTENTIAL CONSEQUENCES OF DEFICIT MORE CRITICAL THAN WE FEARED

*UK’S CAMERON SAYS DEFICIT REDUCTION MADE MORE URGENT BY EUROZONE SOVEREIGN DEBT CRISIS

*CAMERON-LAST GOVERNMENT’S ESTIMATES SHOW DEBT INTEREST PAYMENTS AT 70 BILLION POUNDS IN 5 YEARS

*UK’S CAMERON SAYS ECONOMIC GROWTH WILL NOT FIX BORROWING AS MUCH OF DEFICIT IS STRUCTURAL

*UK’S CAMERON-FAILING TO ACT ON DEFICIT MAY LEAD TO HIGHER INTEREST RATES, SLIDE INTO ECONOMIC DECLINE

*CAMERON-BRITAIN’S DEBTS NOT AS BAD AS GREECE, ECONOMY STRONGER BUT GREECE STANDS AS A WARNING

*CAMERON SAYS COALITION WILL ANNOUNCE SPENDING REVIEW FRAMEWORK ON TUESDAY
at 8:19 PM