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 5, 2012
Excellent analysis of the daily housing data
AFG's news today that they approved $3 billion worth of home loans in the month of May--their single biggest month in 3 years--is very important, I think. What was particularly interesting about AFG's data is that refinancing fell to the lowest levels in over a year. This was not, therefore, driven by people churning home loans.