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, February 21, 2011

Wow, big bounce back in auction clearance rates

These are preliminary numbers for last weekend, and will be confirmed on Thursday, but they seem to be supporting a nascent trend: with rates on hold, the housing market is consolidating, and looks like it may even be staging a little recovery.