Real-time thoughts & analysis of the markets, economy & more...
Co-founder & CEO of AllenWargent property advisory.
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, 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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Sunday, 8 September 2013
China trade rebounds - 7.5% growth target?
More signs that China isn't slowing towards 5% growth as some suggested.
Great news for Australia.
"China’sexportsand imports rebounded by more than estimated last month, adding to signs that the economy is stabilizing following a two-quarter slowdown.
Shipments abroad rose 5.1 percent from a year earlier, the General Administration of Customs said in Beijing today. The median estimate was for a 2 percent increase in a Bloomberg News survey, after June’s 3.1 percent drop. Imports gained 10.9 percent, leaving a trade surplus of $17.8 billion.
Exports to the U.S. and European Union, China’s biggest markets, increased for the first time in five months. Improved trade may bolster Premier Li Keqiang’s chances of achieving the year’s 7.5 percent target for expansion in the world’s second-largest economy, after official manufacturing and service-industry indexes rose in July.
“Many people were worried that China’s economy would drop very fast in a short period of time,” said Zhang Zhiwei, chief China economist at Nomura Holdings Inc. in Hong Kong. “But now it seems that the real economy hasn’t been seriously impacted. The risk that the real economy will decline rapidly is lower.”