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MarketFoolery

China’s Corruption & Greece’s Next Step

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 29 June 2015

⏱️ 16 minutes

🧾️ Download transcript

Summary

Greece prepares for a referendum as the debt crisis continues. China’s auditor uncovers corruption at some of the country’s biggest state-owned companies. Motley Fool Funds portfolio manager Bill Mann analyzes those topics, plus a hot IPO in the UK and a $72 billion-dollar problem in Puerto Rico.

Transcript

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0:00.0

It's Monday, June 29th.

0:03.6

Welcome to Market Foolery.

0:04.8

I'm Chris Hill joining me in studio today,

0:06.8

the portfolio manager at Motley Full Funds.

0:09.9

Bill Mann, happy Monday.

0:11.3

Thanks, man.

0:11.8

Is it safe in here? Because it doesn't feel safe anywhere else. man. going on the world and I will start with something that Morgan House and I talked

0:25.4

about one week ago today and that was a headline one week ago today a headline

0:30.8

NASDAQ sets intrad day high as investors remain optimistic on a deal between Greece and its creditors.

0:39.2

And the headline from the New York Times today, Greece's debt crisis sends stocks falling around the globe.

0:46.4

Yeah, I...

0:48.4

And they're not wrong.

0:49.4

I mean it's not so bad here in the U.S.

0:52.4

But when you look at the footsy in the UK you look at the

0:56.2

dax you look at the indices in Asia they're all interconnected right so everything is interconnected and I just

1:05.0

in Greece to me is I mean it's the big thing it's the really interesting one it's you know

1:10.7

it's it's the drama that for you know for five years now they haven't managed to kill a single major character. You know it's it's been I mean people are just like well here we go again. You know it's it's it's it's but yeah there's a lot of things that are going

1:26.2

on right now but but the markets are completely sanguine I mean gold is up a

1:30.0

dollar as what you know as as we speak and market the the US stock market is down a

1:35.2

percent I think some of that has to do with the fact that people have just gotten

1:39.9

accustomed to Greece being a problem.

1:43.2

And I think people are also just assuming that, hey, it'll be another miracle.

...

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