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

Some good economic news: Riksbank thinking about rate hikes

From Dow Jones:

"Confidence in the Swedish economy remains high and suggests that growth momentum is also strong in 3Q, says Handelsbanken, after consumer confidence came in at 25.2, its highest level since October 2000 and the overall index was at 109.0. "Today's figures suggest that quarter-on-quarter growth will come in above the 0.9% that the Riksbank has on their cards. Thus, it should strengthen the Riksbank's view of a strong domestic economy and thus supports our view of a repo hike next week," Handelsbanken says"