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 better 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.
Tuesday, 10 May 2016
Job ads stall
After gravitating nicely higher in trend terms for 27 months, the ANZ job advertisements series appears to have lost its mojo, and has now slipped into a three month downtrend.
In seasonally adjusted terms job ads fell by 0.8 per cent in April (in case you was wondering, the trend data series is derived be applying a 13-term Henderson trend to the seasonally adjusted series - fascinating stuff, as I'm sure you'll agree).
Job ads have basically been flat for about six months now, suggesting that the rapid pace of employment growth may be set to fade forthwith.
ANZ sees hiring as having "taken a breather", which may make it troublesome for the unemployment rate to continue falling at the same pace that it has been.
Is the looming Federal election a factor in the pullback? Maybe, it's bit hard to say.
The reaction to the Federal Budget has been a bit mixed. Not too damaging or exciting, with any downside to consumer confidence probably offset by the Reserve Bank's interest rate cut, while business activity remains fairly robust.
Anyway, can read ANZ's musings here.