Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Huge fan of your work. Very impressive!' - Scott Pape, The Barefoot Investor, Australia's #1 bestseller.

'Must-read, must-follow, one of the finest analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learn new concepts from Pete; one of the finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts...most comprehensive analyst I follow in Oz' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

Friday, 16 September 2016



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!