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."

Tuesday, June 14, 2011

China does not have a banking system...

According to the SMH's always-informative John Garnaut in his column today. This very much accords with my own view of the highly dysfunctional, kleptocratic Chinese economy, which is far removed from the free-market, capitalistic impression it likes to portray to outsiders. It also gels with my argument that the dysfunction will likely persist for longer than most people think possible.
at 11:08 AM