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 better 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.
Wednesday, 24 June 2015
Nikkei highest close since 1996
Asian stocks firing
Asian stocks are on a roll, and with Japan's economy showing some signs of life the Nikkei 255 has surged to its highest close since December 1996.
Stock valuations in Japan are up by more than a third over the past year, and the index has now more than doubled since Q4 2012.
In an age when everyone wants to talk about bubbles, the 40 year Nikkei 225 chart is a prime example of what a genuine asset price bubble looks like.
The Japan economic bubble of the 1980s also saw land values increasing at an out-land-ish pace.
Unfortunately, Japan had weak demographics and suffered from years of deflation.
As such Japan has become a template for what can happen if an economy is allowed into a deflationary spiral - which in part explains why policy makers in developed economies will go to such extraordinary lengths to ward off deflation risk today.