Pete Wargent blogspot
Co-founder & CEO of AllenWargent property advisory, offices in Brisbane (Riverside) & Sydney (Martin Place) - clients include hedge funds, resi funds, & private investors.
4 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.
"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he is one of the better property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.
"Pete Wargent is one of Australia's brightest financial minds - a must-follow for articulate, accurate & in-depth analysis." - David Scutt, Business Insider, leading Australian market analyst.
"I've been investing for over 40 years & read nearly every investment book ever written yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.
"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and 'Code Red'.
"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.
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Wednesday, 25 January 2012
Q4 inflation figures out later today
Q4 inflation (Consumer Price Index) prints out later today, and I for one am very interested to see how these stats turn out. Anything less than a trimmed mean of 0.5% for the quarter and the Reserve Bank of Australia will surely be compelled to slash interest rates for a third consecutive meeting.
It comes too late for Toyota, though, redundancies sadly announced a couple of days ago.
Of course, as I always disclose, as an investor I'm permanently touting for low interest rates – but there has been far too much rubbish talked about lifting interest rates due to some mythical outstanding economic outlook by those with ulterior vested interests (intellectual economists who just want to ‘call it’ right, in the main).
Retail has had a diabolical time, our exporters are making dreadful losses with the dollar still way above parity at above $1.05 and at a 27 year high against the British pound – and not just in their income statements - it is costing Aussies their livelihoods too.
There is one interesting sub-plot here, and that is that genius economic commentator Chris Joye, in scoffing at a prediction made by former advisor to the PM and Chief Economist at Citibank Stephen Koukoulas, announcing that he would run naked around Martin Place naked if interest rates fell to 3.50% by June 2012.
At the time, it didn’t rate much of a mention as interest rates were way up at 4.75% and five interest rate cuts in eight-and-a-bit months would be pretty hot going.
Let’s see what transpires later today anyway. Hoping for a low print.