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."

Thursday, July 5, 2012

Goldman Sachs: What is the financial markets' Higgs boson?

From one of Goldman's FX talents:

The Higgs boson is an elementary particle within the Standard Model of particle physics. It belongs to a class of particles known as bosons. UH? It's a mechanism by which matter in the universe gained mass. Anyway they have now confirmed that they found it...Well as much as they brought people to tears...In markets the S+P now play a similar role (it can also bring people to tears) and with the US markets closed we start the day obviously lacking critical mass...We know where rugby leagues Higgs Boson is...