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

Tuesday, 6 August 2013

Don't make the rest of us worry, Rob!

All the warnings over the years about a possible Australian recession are getting a tad wearisome.

The unemployment rate of 20% predicted by Steve Keen is actually only at 5.7% and basically fairly low unless you are in Tasmania (and his house price crash predictions were even worse).

For all the never-ending predictions of a bust, house prices have moved up to all-time highs and share markets have been on a fabulous run for the past year.

The iron ore price which was set to ruin Australia by falling to US$70/tonne is actually at double that level when considered in A$ terms thanks to the correction in the currency.

The Reserve Bank of Australia, with all of its army of economists sees GDP growth continuing at 2.5% to 4% over the next couple of years.

Of course, some bloggers will continue to forecast an Australian recession, a massive property crash, a mining investment cliff, a commodity price crash or chronic levels of unemployment...they've been doing that for years with no joy, and they'll never go away. So what? I'll go with the Reserve Bank economists any day and get on with living life.

Interest rates at a stimulatory 2.50% are set to keep the Aussie economy growing...

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{warning: contains expletives}


(probably not the best idea posting this video - it ends with England getting dusted by Holland - hopefully the Aussie economy will fare a little better than poor old Graham Taylor!)