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.

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

Wednesday, 21 November 2012

Thank goodness you're Australian

I took a read of Economia magazine yesterday because I wanted to get a more of a handle on what is actually happening in the Eurozone. Some things are quite clear: unemployment across the Eurozone is 11.2% and the road ahead for the currency is an almighty mess waiting to happen.

I read the views of 10 economists with the grandiose aim of providing a neat summary for you on my blog. It seems that the solutions for the Eurozone, include:

"Germany should act as a hegemon. Germany should exit the Eurozone. Germany should accept high inflation and altered terms of trade. Greece should be kicked out. Austerity should be ramped up in the debtor countries. The debtor countries should all return to their own currencies..."

I could go own, but there's little point. The gist is that nobody has a Scooby what the best course of action is, and even the best case scenarios sound ordinary.

I also read the ICAEW's economic forecast for Britain, summarily: if the Eurozone crisis doesn't stumble, then the forecast for Britain in 2013 is continuing depressed business investment, no GDP growth, no improvement in employment...

I remember when the subprime crisis was playing out commentators saying that Europe was "doomed for at least a decade". As one of  life's optimists I thought that was classical hyperbole. And yet, here we are half a decade on and there still seems to be little cause for optimism.

Yes, times are uncertain, but take five minutes out today to remember that it could be much worse! Thank goodness you're an Aussie!