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, 16 September 2016

Woe

Whoa

Just flicking back through news reports from the past month.

In summary, it seems that the GDP figure doesn't accurately measure growth, the unemployment rate doesn't measure unemployment, the inflation data doesn't capture the cost of living, and the house price indexes are just wrong.

With tongue out of cheek, there is a valid line of argument to made for each of the above points.

But that said, in Australia we actually don't have runaway inflation, or high interest rates, or high unemployment, and the economy is still growing at 3.3 per cent per annum - even after 25 years of more or less uninterrupted growth.

I don't think anyone uses Hanke's misery index any more - after all, disinflation or deflation is considered as risky as being off to the inflationary races these days - but if they did, the misery index would be at its lowest reading in modern history for Australia. 


Have a great weekend!