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, April 18, 2012


From NAB:

Risk appetite returned overnight. The catalysts were the success of Spain’s short term debt auction (12 and 18 mth bills), a very strong read from Germany’s ZEW economic sentiment survey (April surprised on the upside 23.4pts vs expectations of 19.0), a decent night for US 1Q earnings and the IMF raising its global growth forecasts. The IMF’s 2012 global growth expectations have been raised from 3.3% to 3.5% and its 2013 forecast from 4.0% to 4.1%. The positives overshadowed some weak US IP and mixed housing data.