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, September 13, 2010

World Bank President: No Risk Of Double-Dip Recession In US

From Dow Jones:

"The U.S. economy doesn't face the risk of a double-dip recession this year even though it is likely to register slow growth and face relatively high unemployment rates, the China Daily reported Monday, citing World Bank President Robert Zoellick.

Slow U.S. growth will add to sensitivities in trade with China, and China should work to stimulate domestic consumption and reduce its reliance on export growth to help ease tensions, the report cited Zoellick as saying.

The World Bank plans to boost its efforts to provide loans to small Chinese businesses in some of the country's western provinces, Zoellick said."