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 firstname.lastname@example.org
Wednesday, 28 August 2013
Possible Syria strike looming
PM David Cameron is calling in Parliament in Britain and discussions are taking place in the US as to whether there is a case for making a strike on Syria due to the use of chemical weapons.
At this stage there are so many unclear points as to what such a strike would be expected to achieve, how it might be undertaken and whether may result in an unintended escalation of violence. This could result in a different path being taken, such as weapons inspectors being sent in.
Following on from the tribulations in Iraq, it doesn't look as though military action will be much of a vote-winner, according to YouGov's rushed mini-poll, which showed a favourable rating of only 9%.
The legal justification for a strike also remains unclear, although there are several possibilities discussed by the FT here.
The Aussie dollar has slipped below 90 cents, which is welcome enough news.
As ever, stock markets dislike uncertainty, so expect to see bourses sliding further until there is clarity around the course of action ahead. The Dow has already shed another 170 points overnight, sliding back to 14,776, and the S&P 500 recorded a not insubstantial 1.6% loss during the trade.
The corresponding beneficiaries will be US bonds and, more than likely, a timely boost for the gold price. Gold is already in a decent uptrend, so uncertainty around Syria may see that continue.