MoneyTalk

 

Why The West Is In A Mess

08 August 2011
In this week’s episode:

David Kuo chats with David Buik from BGC Partners as the western world lurches from one disaster to another. They look at the horse trading between the IMF, the ECB and the European Financial Stability Facility, the debt problem in America, and the outlook for the UK stock market. (This podcast was recorded in late July, before the latest stock market falls.)

 

A transcript of this podcast is also available.

David Kuo and David Buik
David Kuo and David Buik

Listen to Money Talk now:

Download ArrowListen to Money Talk later: Download the MP3

Right-click on the above link and select 'save target as' or 'save link as'. Once the podcast is saved, open it at any time to listen.

Comments

The opinions expressed here are those of the individual writers and are not representative of The Motley Fool. If you spot any comments that are unsuitable hit the flag to alert our moderators.

Valencian 09 Aug 2011 , 9:22am

I'm a great fan of the weekly Moneytalk podcast but sometimes feel the timing of airing leaves a lot to be desired. This weeks broadcast is a great example. David Buik, always worth listening to, on the mess the west's got into. The problem though is that the podcast was recorded in late July. A lot has happened since late July and the second week in August meaning that some of what was discussed was old news and some now irrelevant. Why was this not aired at the next opportunity making the complete cast relevant? Many podcasts are not time critical and are highlighting new services or views that can be slot in the schedule as and when needed, the previous two weeks offerings being good examples, but David Buik discussing the CURRENT situation relating to US and Euro debt not so.
As mentioned, love the service but please be a little more sensitive to the time issue.

Teddydeo 09 Aug 2011 , 1:31pm

I disagree, Obama is the current president, Bush is the past - cannot blame the latter even though both are just as bad.
A ten year plan is good but immediate action is crucial, i.e disband NATO, get out of Iraq,Afganistan & Libya - stop interfering in the internal affairs of other countries; same thing for USA
It defies logic that England can find funds for a war in Libya considering the present fiscal problems.
Kudos to Danid Kuo & Motley Fool on these podcasts and some very interesting articles.

dippydoji 09 Aug 2011 , 2:17pm

I love listening to David Buik, I think he has a fantastic insight on the worlds money markets and finances in general; just a pity this podcast is so out of date, I wish it had been recorded today (09/08/11) with views and comments on the current crash!

He's probably on holiday, along with the rest of the worlds leaders.!

TMFDragon 09 Aug 2011 , 3:26pm

Hi Valencian

I wil try to do better, which is more that I can say for some political leaders.

Best

David

TMFDragon 09 Aug 2011 , 3:29pm

Hi dippydoji

I believe David Buik is on a well-earned holiday.

Best

David

snoekie 09 Aug 2011 , 6:18pm

Answer is debt, anything borrowed has to be repaid and interest oaid for in the interim.

The more you borrow, the more interest to be paid deferring repayment of capital, if not, because of the size of the debt, making it impossible to repay.

There are the thrifty and and then the spendthrifts. Curious how the thrifty are from the colder parts of the world.

The euro is a conundrum and cannot remain as is, and radical change is required.

snoekie 09 Aug 2011 , 6:52pm

Excellent podcast

baldpaul147 10 Aug 2011 , 9:20am

Another great podcast. Really appreciated David Buik's thoughts and views and he presents them so well.

I agree with the other comments about timing. But unless the podcast is aired on the day it is recorded, there is always going to be a possibility that they become "out of date" if events and markets change quickly. Which is exactly what has happened.

David Buik for PM for me though :-)

Join the conversation

Line breaks are converted automatically.

You may use the following tags in your post: [b]bolded text[/b], [i]italicised text[/i]. All other tags will be removed from your post.

If you want to add a link, please ensure you type it as http://www.fool.co.uk as opposed to www.fool.co.uk.

Hello stranger

To add your own comment, please login.

Not yet registered? Register now.

Subscribe to the podcast

Never miss an episode of MoneyTalk - subscribe now:

Confused? Find out more about RSS feeds.

About the show

MoneyTalk is a podcast from The Motley Fool (UK). Hosted by David Kuo, it’s a lively roundtable discussion where Fool writers and guests from the world of money thrash out the financial issues of the day.

Join us as we take an irreverent look at anything and everything to do with shares – from how to pick your first share to how to manage your own pension to what mini skirts have to do with Britain's economy (quite a lot, according to David).

From quick tips on how to tidy up a wayward portfolio to in depth discussions with industry experts, MoneyTalk tackles a different topic every week.

The MoneyTalk RSS feed has details of our last 100 shows.

About the presenter

David Kuo is The Motley Fool’s media personality. He can be heard on BBC London’s (94.9FM) Breakfast Show where he arouses listeners every weekday morning with his unique brand of financial news. He is also a regular commentator on national news programmes including CNBC, BBC News, and Sky News.

David stumbled into the world of broadcasting at the turn of the Millennium when he was invited to comment on the stock market crash. He says, “I think I stunned Londoners speechless when I said the good thing about the crash is that shares are now more affordable for people who want to invest in the stock market!”

His attitude to investing has never wavered, as he always sees downturns in the market as a buying opportunity for long-term investors.