Greece Alert - What's Next? | China is the BIG Problem... | RBA - Will They Cut?? |

Niv Dagan

Peak Asset Management

Good morning, So yes… The Greeks are stubborn people and are playing “hard-ball” with the IMF, ECB, Germany & France However, things have changed in the past five years since the European Debt Crisis and those stakeholders are “just as stubborn”… The only solution? Let’s just kick them out and get on with life…. To put things in perspective, Greece’s total GDP is around $242 Billion (or 0.4% of global GDP) China is what we should be really worried about and with over $3 Trillion wiped off the value of their share markets , iron ore crashing below $53 and oil down 7% overnight, this is the biggest problem… RIO is now below $52.00, FMG below $1.72 and BHP below $26.00 Value is starting to emerge in these stocks… should we be buying? Not just yet……. Today in Oz, we have the RBA meeting … will they cut interest rates? This could be a possibility………. What's on today? Australia consumer confidence, RBA rates decision are key... The SPI is pointing to a 24 point rise this morning


Niv Dagan
Executive Director
Peak Asset Management

Prior to founding PEAK Asset Management, Niv headed up HC Securities, spent three years growing Halifax Investments capital markets division and also worked on the wholesale desk at Macquarie Bank, servicing a wide range of institutional,...

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