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 Hmmm...one of the world's most popular & widely-read financial publications.

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

Wednesday, 9 July 2014

Slaughter

As expected, a miserable Livestock and Meat release from the Australian Bureau of Statistics (ABS) today, with the number of cattle and calves slaughtered per month having soared to well over 800,000 in recent years.

The number of lambs slaughtered in May came in at 2,010,290 (1,861,844 seasonally adjusted) with the rolling 12 monthly slaughter of lambs having hit a 40 year peak in March (click chart):


Although that all rather pales into insignificance compared to the half a billion chickens slaughtered per annum in Australia - chooks, of course, not being counted as 'livestock'. 

The average Aussie now eats approximately 36 kilograms of chicken each year, the equivalent of 27 full chickens each.

Let's hope for some more uplifting news when the ABS release its all-important Labour Force data for June 2014 tomorrow. 

The national headline unemployment rate remained flat at 5.8% after the economy failed to add any jobs on a net basis in May.

However, the headline rate of unemployment is much higher than the national average in states with weak local economies, such as Tasmania (7.5%) and South Australia (6.8%).