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, June 25, 2012

Aussie banks: most profitable in world with low default rates (charts)

Some excellent analysis of banking profitability around the world from the Bank for International Settlements. In 2011, Aussie banks were the most profitable of those included in the analysis, and, perhaps more significantly, had amongst the lowest non-performing loan rates (see second chart)...It looks like only Canada and Switzerland performed better on loans in arrears.