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."

Friday, November 11, 2011

US jobless claims continue to fall, real economic growth still positive (charts)...

It is looking like the US will punch-out steady real GDP growth (annualised in Q3) at over 2%, and there was good news overnight with a further fall in jobless claims. The first chart shows recent jobless claims data, the second shows the longer time-series, while the third illustrates "continuing claims". What is undeniable is that the US has made big inroads towards reducing both new jobless claims and continuing claims.



at 7:53 AM