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."
Monday, July 2, 2012
Chinese PMI better than expected
Chinese PMI out over the weekend, fell to 50.2% (Bloomberg survey: 49.9%, Reuters survey:49.8%) in June, from 50.4% in May. Historically, the official PMI tends to fall in June. The only exception was in June 2009 when growth was strong After a simple re-adjustment of this seasonality using the standard X12 method, the level rose to 50.7% in June, from 50.1% in May.