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."

Sunday, January 30, 2011

The US economy is back...

From the WSJ's Real Time Economics blog:

"The U.S. economy is back… Risks are now moving from the downside to the upside. If the forecast is off it will most likely be because hiring kicks in faster than expected. Firms have the cash to hire; they just need the confidence to do so, and that could develop quickly. The major downside risk remains a global sovereign debt crisis that would roil financial markets, cause businesses and consumers to cut back, and reduce exports. –Augustine Faucher, Moody’s"