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."

Wednesday, April 13, 2011

Dysfunction in China's surprisingly centrally-planned economy

Regular readers will know my China thesis: a kleptocracy that is much more centrally-planned than the superficial market miracle many claim, which is bound to blow up badly, but will probably persist for longer than any shorts can currently survive. It seems the ex Morgan Stanley chief economist, Andy Xie, has a similar view, which he expresses in this refreshingly informative article (HT: Macrobusiness).