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MarketFoolery

MarketFoolery: 06.28.2011

MarketFoolery

The Motley Fool

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

4.71.7K Ratings

🗓️ 28 June 2011

⏱️ 11 minutes

🧾️ Download transcript

Summary

Greece's parliament prepares to vote on new austerity measures. Nike reports better-than-expected earnings. And Disney's Cars 2 tops the weekend box office but fails to rev up critics.

Transcript

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0:00.0

It's Tuesday, June 28th, and this is Market Fullry.

0:06.0

I'm Chris Helen joining me in studio today from Motleyville Stock Advisor, Andy Cross,

0:09.8

from Income Investor James Early, and from stock advisors.

0:13.0

Guys, good to see you.

0:14.0

Good to see you.

0:15.0

Hey Chris.

0:16.0

We've got news from Nike and Disney, but we begin today in Greece where Parliament is due to vote

0:21.7

this week on a package of austerity measures

0:24.6

including spending cuts and tax increases. Labor unions have called for a two-day

0:29.7

strike and more than 5,000 police have been deployed to the center of Athens to deal with the protests.

0:36.0

James, obviously, this is an evolving situation and I realize that this is tough medicine but at the end of the day the Parliament

0:45.4

has to pass this don't they yeah totally agree Chris I don't mean to belabor the

0:49.9

obvious in a callous manner but I mean what else is Greece going to do here they're like

0:53.4

the man sinking in quicksand and someone's sticking at the hand to help and they're

0:56.8

debating about whether they should take the help they don't have a choice

0:59.4

uh... i mean they have to have no leverage

1:01.6

uh... they're they're in trouble the sad part to be fair to the

1:04.8

writing geeks is that the Greek citizen is not nearly as levered as even the

1:09.3

average American citizen is they save a lot they may not pay their taxes but at least they're saving

1:13.6

that money and stockpiling you know they're they're not lever to the hilt like the

1:19.0

country itself got into trouble or did after joining the EU.

1:22.6

Jason, what do you think?

...

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