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

Thursday, 24 January 2013

Is the cost of living soaring or not?

Firstly, an interesting series here looking at the implied odds of an interest rate cut through the most recent 9 trading days:


Note how the futures markets priced in a jump in the implied percentage likelihood of a cut  (up to 39%) yesterday following the soft inflation (CPI) data.

I must admit, if I was a gambling man I would take on those odds and have a punt of rates on hold at 3.00%. Strangely I do get requests from gambling websites to advertise on this blog but I don't think the "fit" would be right, somehow...

Anyway, I believe we would need to see some adverse news in the next 12 days to see another cut so soon.

While on the subject of CPI and inflation, take a look at this from Peter Martin. Note how inflation is sitting in the targeted 2-3% range and compare this to how Channel 10 reports the soaring cost of living.

Interesting economic journalist Peter Martin, and an outstanding one.