Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), & CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).

5 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's one of the finest property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete 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 & charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, author of the New York Times bestsellers 'End Game' & 'Code Red'.

"The level of detail in Pete's work is superlative across all of Australia's housing markets" - Grant Williams, co-founder RealVision - where world class experts share their thoughts on economics & finance - author of Things That Make You Go Hmmm, one of the world's most popular & widely-read financial publications.

"Wargent is a bald-faced realty foghorn" - David Llewellyn-Smith, 'MacroBusiness'.

Saturday, 13 August 2016

Olympics...sweet as, cuz

Medal standings

It's early days in Rio, but the USA, China, and Great Britain lead the way on the Olympics medals table, with Michael Phelps continuing to collect swimming gold medals for fun.

Australia has five gold medals to date, three of them from swimming. 

Medals per capita

Of course, with a population of 24 million, Australia is unlikely to win as many medals as countries such as China, with 1.4 billion heads to choose from.

And when we look at a chart of population per medal we find that Australia is in sixth place.

Yet top of the charts we find is...New Zealand! 

NZ has a tally of seven medals for a population per medal of just 656,000.

Many of the other countries featured have picked up just a couple of medals, so Australia's performance along with that of New Zealand is remarkable on this measure. 

Fiji deserves a special mention for winning its first ever gold medal, eclipsing Great Britain in the Rugby Sevens event.

Credibility fail

Unfortunately a number of Olympic events are suffering from a monumental credibility gap.

Certainly, Hungary's training program certainly seems to be operating effectively this time around.

In the 400 metres swimming medley on Saturday a Hungarian swimmer was a ridiculous five seconds under the world record pace at one point (ha!) - previously set by a swimmer from China, in an era of remarkable records - before backing off to break the world record by 'only' a couple of seconds. 

And then there was the track event where a runner from Ethiopia, partaking in the event only for the second time, beat the 23-year-old world record by 14 seconds, so outrageously far ahead of the rest of the field that the officials almost needed to be marshals waving blue flags. 

The previous world record was dodgy enough, famously held by an athlete coached by one of China's "chemical sisters", meaning that the time was in fact 36 seconds faster than any remotely credible run. 

When you chart these kind of numbers and times into their historical context you begin to see how "not normal" they are. Could chart them, but what's the point, really?