Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), and CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).

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.

Monday, 27 January 2014

UK economy to come bouncing back

Tomorrow, the Office for National Statistics in Britain will release the GDP result for the 4th quarter of 2013.

A survey of economists expects the figure to come in at around 0.7% q/q to follow on from the 0.8% q/q seen in the previous 3 months (the Bloomberg-surveyed economists' forecasts range between 0.3% and 1%, to be fair).

This will be the best rate of growth since all the way back in 2007 and the first full year since the financial crisis when the economy has grown in all four quarters.

It appears that the Bank of England's Governor Carney has successfully broken the downward spiral of credit creation.

However, he isn't expected to raise interest rates any time just yet until business investment also picks up.

Growth and economic recovery to date has been said to be somewhat uneven.

Analysts expect dwelling prices to rise reasonably strongly in 2014 as monetary policy remains exceptionally loose.