the state of the australian and global economy
DESCRIPTION
In April Ray provided an update to the Tamworth branch of the Association of Independent Retirees on the state of the Australian and global economic situation. Government debt, currency wars, crises in Cyprus and the performance of the stock market were just some of the issues covered by Ray.TRANSCRIPT
Slide 1
Global Financial Update
Perspective is everything!
A Presentation to the Association of Independent Retirees, Tamworth
16th April 2013
Raymond Griffin MBA (Exec) Dip FS GAICD Director: Baiocchi Griffin Private Wealth AFSL 424658
Slide 2
Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658
This presentation and the associated discussion is
general in nature and does not take your individual
situation into account. You should not act on
anything contained herein, or discussed as a
consequence of the contents of this document, without
receiving personal financial advice from a suitably
qualified person such as a financial advisor.
General Advice Warning
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Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658
What will be covered?
Global Economic Issues
&
Australia’s Current Economic Environment
Slide 4
Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658
Soaring Government Debt?
Slide 5
Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658
How low can rates go?
Slide 6
Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658
Central Banks to the Rescue!
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Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658
Currency Wars?
Australian Dollar against US Dollar, Euro and Yen
Slide 8
Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658
Global Stock Market Rally
Slide 9
Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658
Cyprus! Why did it happen?
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Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658
Australian Share Market
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Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658
Australian Economic Environment
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Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658
Australian Economic Environment (cont’d)
Slide 13
Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658
Baiocchi Griffin Private Wealth ‘House View’
“We believe that the global economic environment remains in a state of caution with
sovereign debt issues, high unemployment rates (excl. Australia) and sparse GDP growth
across developed nations continuing to weigh on sentiment across financial markets.
Although there are positive signs emerging from the United States and its economy, we
believe that the world will continue to experience an environment which is less conducive
to growth for some years to come.
From an investment perspective, we believe the Australian share market is fairly valued -
it is neither overpriced or cheap.
.
The current low interest rate environment looks set to continue for quite some time and
this suggests that investors - who have been heavily reliant on income from interest
bearing investments - need to cautiously re-weight their portfolios to include some
exposure to high quality companies (with strong, reliable, dividend records) along with
property and infrastructure securities.”
Slide 14
Level 1, 462 – 464 Peel Street TAMWORTH NSW 2340 AFSL No. 424658
Thank you
Questions
?