Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), & 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's 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 & charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, author of the New York Times bestsellers 'End Game' & '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, 20 May 2015

Japanese economy turning?

GDP goes "big in Japan"

A quiet day or three domestically for news and views, so perhaps an agreeable time to look at what is transpiring elsewhere in the world.

Japan's economy reported 2.4 per cent growth today.

This was way ahead of expectations, as reported here by the ever-vigilant Scutt over at Business Insider.

Battling back 

Japan has become a kind of weird idiosyncratic template for how not to deal with a real estate and economic bubble - replete with an ageing and stagnant population - with its repeated failed attempts to ward off a deflationary spiral.

Today's result gives some heart that stimulatory measures are finally working. 

The Nikkei 225 index surged to its highest level since early 2000, fully a decade-and-a-half ago.

And what a stock market index chart it has been since the collapse of the bubble a quarter of a century past!

International trade

It may come as a surprise to hear that, despite its widely lamented woes, Japan still has the third largest economy in the world, after the United States and China.

What is more, Japan is also the second most gainful destination for Australia's monthly merchandise exports by FOB value, long since shunted into second place by China, of course.

So a fairly encouraging snippet of news, albeit one that I've shamelessly lifted almost verbatim from our friends at Business Insider.

More timely breaking news to be discovered here...