Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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'One of Australia's brightest financial minds, must-follow for in-depth analysis' - David Scutt, Business Insider.

"I've been investing 40 years yet I still learned new concepts; one of the finest young commentators" - Michael Yardney, Amazon #1 bestseller.

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'Superlative work' - Grant Williams, founder RealVision.

Tuesday, 19 May 2015

Above average confidence bounces to 6 month high

Budget bounce

Well, it appears that Joe Hockey's second federal budget went down rather better that its prior year equivalent, in a sort of "less bad" kind of way.

Consumer confidence jumped by 3.6 per cent to 114.6, which is above the long run average since 1990.

Now it's all down to businesses and households to invest and spend accordingly.

Roll up and read all about it here from Scuttman over at the adroit Business Insider: