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, January 13, 2012

Much better than expected Italian and Spanish bond sales

Could the Euro crisis be abating? This from UBS overnight:

* EU: Italy and Spain bond auctions were highly successful. Spain sold €10bn of 3yr bonds at 3.38% (vs 5.19% in Dec); Italy sold €8.5bn at an avg yield of 2.74% (vs 5.95% mid-Dec), and 3.5bn at 1.64%.