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).

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 is 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 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'.

"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 of the world's most popular & widely-read financial publications.

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

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.