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.
Friday, 29 May 2015
Pound on fire!
I've made the point on this blog previously that UK assets might be worth a look for investors, partly as a currency play.
It's a strategy I've been using myself, buying UK assets while the Aussie dollar has been hugely strong against the pound, at least in historical terms.
I hadn't realised the returns would be so swift, though.
Just look at the British pound go, now up to a 6 year high against the Australian dollar!
Yesterday's weak capex data in Australia, which I looked at here, paves the way for further easing in Australia and sent the pound to above A$2.00.
Futures markets are getting somewhere close to pricing in another interest rate cut by the end of 2015 in Australia, with weak investment figures suggesting rising unemployment.
The Reserve Bank is widely considered likely to wait for some time before moving again, however.
The Reserve Bank has made the point on many occasions that it would like to see the Australian dollar weaker against the US dollar, which would help our commodity export prices.
Slowly but surely, we are seeing that too, with the Australian dollar declining to around 76.5 cents from previously heady levels of well above parity.