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, October 9, 2010

Great op-ed from Greenspan on US economic bottlenecks

I wrote recently that my best read on the US was that there was massive latent liquidity in the system, but nobody was willing to lend because of fear amongst banks regarding regulatory uncertainty. In a very good op-ed in the FT, Greenspan effectively says the same thing.