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, March 14, 2011

Consumer caution persists...

From CommSec:

"Credit card balances are growing at the slowest annual pace in 16 months. The average credit card balance in January was up just 0.8 per cent on a year ago. The average balance fell by $100.90 to $3,214.00. Consumers are preferring to use their own money to purchase goods. Purchases made on debit cards rose by 25.8 per cent on a year ago – the fastest growth on record. Petrol prices are likely to track higher in coming weeks. The national average wholesale (terminal gate) stands at a near 29-month high of 134.8 cents a litre today, up a further 2.2 cents a litre over the past week."