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 29, 2012

The banks' love-affair with APRA

Yep, it was truly a love fest. The banks' gushing praise for APRA and John Laker was a little over the top---especially when they responded to questions about whether they had enough capital with the comment, "Ask John what he thinks." Laker was compelled to bat-back, "Oh no, I am now going to get queried about [industry] "capture"." Over to you, Adam Creighton... ;-)