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, August 25, 2010

Banking Day: Mortgagee repossessions drop by two thirds

From Banking Day:

"Court orders for the repossession of mortgaged houses and flats are down from numbers experienced in 2008.

In Victoria they dropped to two-thirds of the numbers seen during the global financial crisis, The Age reported, with 1906 Supreme Court repossession applications in the last financial year, compared with 3080 the previous year.

In NSW there were 571 Supreme Court applications begun in the June quarter.

In 2009 in Victoria 321 people were evicted, while 500 lost their homes the year before."