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, May 8, 2012

It's a global recession: US consumer credit rises at fastest pace in decade

Oh just don't tell anyone that it is the world's biggest economy. Or that the second-biggest is growing around trend. From CBA:

US consumer credit rose at its fastest pace in over a decade (since November 2001) during March. Credit grew by $21.36 billion, more than double market expectations.