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).

5 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 finest property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete 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'.

"The level of detail in Pete's work is superlative across all of Australia's housing markets" - Grant Williams, co-founder RealVision - where world class experts share their thoughts on economics & finance - & author of Things That Make You Go of the world's most popular & widely-read financial publications.

"Wargent is a bald-faced realty foghorn" - David Llewellyn-Smith, MacroBusiness.

Tuesday, 15 April 2014

"US recovery is in the bag"

"If the US sneezes the rest of the world catches a cold" as the old saying goes.

I don't know what the opposite of sneezing is, but that's what the US is now doing.

Not only did March retail sales in the world's largest economy bear expectations with a thumping 1.1% growth in March, the February figures were revised up too from 0.3% to 0.7%.

The result sent the stock markets north.

Callam Pickering at Business Spectator observes that the US recovery is "in the bag":

"The few remaining concerns about the US economy were washed away overnight with retail sales rising strongly in March to offset a weather-affected start to the year."

Graph for Retail sales show the US recovery is in the bag

Read more from Pickering here.

Back on the home front, Rio Tinto (RIO) reported this morning another 8% increase in its iron ore production, with copper output beating expectations.

Rio further reported that coking coal production is up 14% over the year and thermal coal production up 12% over the year.

The mining construction boom is now passing its peak, but the export boom is taking off at a tremendous pace.

Bulk Commodity Exports graph