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, January 23, 2012

More good news for the global economy...

UBS reports:

* US: Existing home sales rose 5.0% m/m in December, in line with mkt. Inventory of unsold existing homes for sale fell to 2.3m, the lowest since March 2005 (6.2 months of sale - lowest since April 2006), suggesting that home prices are stabilising.

* UK: Retail sales rose 0.6% in Dec (+2.6% y/y), (vs mkt: +0.5%), after -0.4%.