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 finest 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.

Thursday, 4 December 2014

Rock or Bust!

From time to time people say to me that this blog focuses too much on ABS releases and what the Reserve Bank is up to.

A fair point. I'll revert momentarily to AC/DC or cricket.

Thought I'd do my bit for the Christmas retail trade figures as implored by Joe Hockey and bought the latest AC/DC album "Rock or Bust" (it's the one with a neat hologram on the front, in case you can't tell the difference) ahead of the forthcoming "harvesting" tour.

You can hardly blame the band. 

The Black Ice world tour - which was brilliant when it came to Sydney by the way - was the fourth highest grossing tour of all time at more than US$444 million.

I think it would be fair to say that the band has not reinvented the wheel with this particular album, but at first listen it was enjoyable.

Although written by Malcolm and Angus Young, nephew Stevie Young plays rhythm guitar on the album due to Malcolm's poor health. Phil Rudd seems likely to be replaced on drums for the tour, due to variously unspecified issues ("he needs to sort himself out, but the tour will go ahead regardless").

Sticking with the winning formula, not only does the album title once again contain the word "Rock" so too do no fewer than four of the song titles, as well as obligatory title references to "war" (1), "balls" (1), "fire" (1), "thunder" (1) and the usual many innuendos (about 10 or 11).

After 40 years of out-rocking and blowing away the competition bassist Cliff Williams admitted that it was hard for the band to get worked up about new market forces such as Spotify:

"How will it be any different really? We just go out and do our thing and hopefully people will still like it".

They will.