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, November 22, 2012

Shorten and Stevens throw "knuckle-balls" at banks, non-banks, and FX traders

Read all about the big news for banks, non-banks, and FX traders outside the AFR's pay-wall here. Amazingly, this was completely missed by the media aside from the AFR's reporters (and online media published since). My opening paragraph:

RBA governor Glenn Stevens and Financial Services Minister Bill Shorten have both thrown “knuckle-balls” into the evolving policy debates on how to prevent banks and non-banks from collapsing. Stevens also revealed he’s taken a directional punt on the Aussie dollar.