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.

Saturday, 11 March 2017

US interest rates to rise

Up they go...

There were broad-based gains in US employment with nonfarm payrolls increasing by +235,000 in February, while the January result was revised up by +11,000 to +238,000. 


It's been a long time now since the US economy was in recession, and February marked a record 77 months of unbroken employment growth. 


It's deliberately unsophisticated and takes no account of jobs quality, but to look through the noise a bit I like to look at the average job gains per month over the calendar years. 

It's early days in 2017, but employment growth is off to a cracking start, while over the past three months job gains have averaged +209,000. 


The unemployment rate ticked back down a notch to 4.7 per cent in February.


Average hourly earnings came in a bit below expectations in increasing by 6 cents to $26.09, but over the year are a healthy enough $0.71 or +2.8 per cent higher. 


Plenty more detail in the body of the report, but in short there's not a lot to see here that will stop interest rates from rising in 2017.