Real-time thoughts & analysis of the markets, economy & more...
Co-founder & CEO of AllenWargent property advisory & buyer's agents.
Check us out here www.allenwargent.com - to invest in Sydney/Brisbane property or for media/public speaking requests email firstname.lastname@example.org
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'.
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Monday, 14 January 2013
Busy week in econonews
Lots of news due this week. Stocks look set for a moderately bright start, but will be impacted by a raft of data this morning.
Data will be released on home loans (probably moderate), job ads (ditto) and particularly inflation.
Later in the week on Thursday 17 January we will get the latest unemployment data. I blogged the other day about how the data has confounded the bears to date with the unemployment rate falling to just 5.2%.
This week's figures are very likely to show a bump up is my guess (as a previous contributor to ABS figures on the labour force, expenditure, capex etc, I am sceptical about the level of accuracy of ABS real-time data - particularly its inflation figures - their subsequent revisions lend weight to my theory).
My best guess is that having fallen in the previous data set we'll see a rise to 5.4%, but wouldn't be much surprised if it comes in higher. Hysteria to follow if so, of course.
Dollar has settled down a bit following its high close last week as it prices in Chinese inflation figures.