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 6, 2012

Uren: Rates may hold steady on signs of US rally

David Uren is seeing the light too:

THE quickening recovery in the US economy has reduced pressure on the Reserve Bank to cut its benchmark cash rate at tomorrow's meeting.
Shares are expected to surge in Australia and the region today following the release on Friday of the best jobs figures in the US since the global financial crisis.

US unemployment has fallen to 8.3 per cent, a level not seen since President Barack Obama took office in January 2009.

On Wall Street, shares rose above pre-financial-crisis levels on Friday and are now only 10 per cent below the all-time record reached in late 2007.