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

Sunday, 8 September 2013

La Bourse...et d'autres choses

After a week in sunny Paris, I could of course upload obligatory photos of the Place de la Concorde, Notre Dame, the Seine, the Louvre Pyramid and the Mona Lisa. But, this is a finance blog, so let's see if I can do a little better than that.

Here is La Bourse (the French stock exchange) situated in, uh, Place de la Bourse next to...erm...the Bourse Metro station. 

The exchange, which was built 1808-1813 by architect Thomas Brongniart and is known as...um...Palais Brongniart.

The exchange is today know by the unthinkably tacky title 'Euronext Paris'. 

Doesn't La Bourse sound 100 times classier?

The word 'bourse' is now used by media hacks to refer to any stock exchange, particularly those located in Europe.

La Banque de France is below - the French Central Bank. 

It is linked to the European Central Bank (ECB) and has the unenviable task of setting monetary policy across the dog's breakfast that is the European System of Central Banks (ESCB). 

La Banque was established by Napoleon Bonaparte in 1800. Risqué-sounding pronunciation continues to make schoolboys snigger in French class some 213 years later.


And finally, I had the privilege of witnessing the small but significant event of Avenue des Champs-Élysées being closed for the visit of German President Gauck.

Herr Gauck is the first German dignitary to visit the ghostly WWII massacre site at Oradour-sur-Glane where 642 villagers, including 200 children, were killed by Nazi troops in 1944, an event subsequently investigated in 2010 for war crimes - the massacre appeared to have no strategic value and historians continue to debate the reasons for it.

Paris was adorned with German flags for the visit on 4 September, a date which is commemorated in France as the birth date of the Third Republic in 1870 - there is even a street in Paris named Rue de 4eme Septembre.

In an interesting and obliquely related subtext, French President M. Francois Hollande is currently seeking support for taking military action in Syria.


I refused to speak English in Paris and caused some amusement with my poor and unpracticed French. It's 'le taking part' that counts, though...n'est-ce pas?