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, 6 January 2017
US jobless claims near 43-year low
Full employment for the US of A
The US Department of Labor reported initial jobless claims of 235,000 for the final week of 2016, far better than the expected result of 260,000.
Apartment from one reading of 233,000 reported in the preceding month, this was the lowest weekly figure since more than 43 years ago in November 1973.
Claims for the previous week were also revised down a little, helping to bring the 4-week moving average down by 5,750 to 256,750.
Claims have now been below the arbitrary 'healthy' level of 300,000 for 96 consecutive weeks, while the unemployment rate has declined to a 9-year low of just 4.6 per cent.
The US is at near full employment, meaning that the Federal Reserve expects to see interest rates hiked three times in 2017.
Good news. Higher rates are in the post.