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."

Thursday, September 22, 2011

Old question: will China de-couple from US? Today's answer: Yes

From Ric Battellino overnight:

"A few years ago, a common question was whether the Chinese economy could continue to grow if the US economy slowed. The experience of the past three or four years has, I think, answered that question, and the answer is in the affirmative. China has maintained strong growth in the face of the US recession and the sluggish recovery. The latest batch of Chinese data, which relates to August, suggests that any slowing in the economy has, to date, been modest. This is confirmed by recent data on Australia's shipments of coal and iron ore to China, which have also held firm. So too have the prices of iron ore and coal."