Pete Wargent blogspot

Co-founder & CEO of AllenWargent property advisory & buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place) - clients include hedge funds, resi funds, & private investors.

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.

Invest in Sydney/Brisbane property markets, or for media/public speaking requests, email pete@allenwargent.com

Thursday, 26 November 2015

US growth revised up

Revision

The US Bureau of Economic Analysis reported in its "more complete" estimate that the US economy grew at a healthier pace in the third quarter than had previously been reported. 

The estimate for GDP growth was revised to a 2.1 per cent pace from the 1.5 per cent advised previously.

That said, the accumulation of inventories is a factor which may temper expectations of growth for the remainder of the year. 


With business spending revised up and consumer spending solid enough this release adds to the ongoing debate, particularly as to whether this will give the US Federal Reserve the confidence to at last hike interest rates, perhaps as soon as next month. 

It's been a long recovery and a long time coming. 


With the unemployment rate falling to just 5 per cent the first rate hike is likely imminent. I recently looked at the latest US payrolls and unemployment data in a bit more detail here