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."

Saturday, August 28, 2010

US GDP growth better than expected; market rebounds

US GDP growth came in at 1.6% (annualised for Q2) with a forecast range amongst economists of 1% to 1.5% and consensus at 1.3%. So a good result. Markets rallied while bonds sold off. Bernanke was also good value. You can read about the GDP result here.
at 7:19 AM