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, 6 January 2017

Incoming...

Zoom

It really was a thrillingly unexpected rebound for iron ore and coal spot prices in 2016 which had just begun to flow through to Aussie export prices by the end of the year.

We'd already seen in this confirmed by a number of reported Newcastle contracts earlier in December (FOB basis), but now it's in the averages reported by the official Reserve Bank charts. 


With bulk commodity export volumes on the rise too, we should see real national income rising to record highs in the first quarter of 2017.