Pete Wargent blogspot

Co-founder & CEO of AllenWargent property advisory & buyer's agents, 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.

Invest in Sydney/Brisbane property markets, or for media/public speaking requests, email pete@allenwargent.com

Wednesday, 20 June 2012

UK inflation down to 2.8%

UK inflation falls as the price of crude oil has dropped and the effects on the new VAT rate are bedded in.

This will be a relief to the Bank of England after inflation touched a stonking 5.2% in September last year following the introduction of the new VAT rate (VAT is similar to GST in Australia - VAT in Britain now has a standard rate of 20% since January 2011, by the way!).

The Bank of England is compelled to write an 'open letter' to explain what's going on if inflation stays above 3% for more than three months in a row. So they'll be happy this month!

What this does mean is that the printing presses will quite probably be back on soon - expect another cool £50 billion or so to be pumped into the economy (quantitative easing or 'QE' of £325 billion and counting so far already in the last 18 months) in a desperate bid to stimulate the floundering economic growth.

The lower inflation also introduces a significant chance of the interest cash rate going down, down, deeper and down as early as next month...by another 0.25% to the bargain basement level of 0.25% in order to breathe life into the ailing economy.

Unemployment in the UK is also well above 8%.

Now, remind me again: what have we all been complaining about in Australia?