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."
Friday, August 31, 2012
Bloxham on the end of the resources boom
Much has been made of the recent shelving of longer term mining expansions, including Olympic dam in South Australia. Importantly, though, these projects were never actually part of our, or officials, forecasts. For forecasting purposes, they were treated as being on the shelf. So recent announcements just shelve projects that were already on the shelf! In fact, over the past three months more projects have gained final approval, not less.