MarketFoolery: 07.07.2011

MarketFoolery

The Motley Fool

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

4.7 • 1.7K Ratings

🗓️ 7 July 2011

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

Warren Buffett places a small bet on the future of the U.S. economy. And Facebook makes a big connection with Skype.

Transcript

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0:00.0	It's Thursday, July 7th, and this is Market Fullery.
0:05.0	I'm Chris Hill and joining me in studio today from Motley Full Stock Advisor, Jason Moser,
0:09.4	from Inside Value, Joe Maker, and from Motley Full Hidden Gems Charlie Travers.
0:14.0	Guys it is our 100th episode.
0:17.0	It is a big day so seriously like bring your a game let's not disappoint.
0:21.0	We don't look at day over 99.
0:23.3	Exactly.
0:23.7	Are we going into syndication after this?
0:25.9	This is about as syndicated as this thing's gonna get.
0:28.1	Okay.
0:28.7	All righty.
0:29.7	Facebook fires a shot across the bow of Google, but we will begin with the Oracle of Omaha.
0:35.2	Warren Buffett did an hour-long interview on c. NBC's Squawk Box this morning
0:39.8	and made a few headlines in the process.
0:42.6	He warned politicians not to play Russian roulette with the debt ceiling
0:46.2	and he said that the US tax system needs a massive overhaul.
0:50.6	So guys, I'm going to spot you up with a few different topics that he touched on get your reactions and let's just start with all sticking with taxes.
1:00.0	He said that we should get patriotic corporations to prepay taxes to help avoid a default.
1:07.0	Pre-paying taxes, Charlie, what do you think?
1:09.0	Boo!
1:10.0	You're not a fan of this idea?
1:12.0	No, first off, it's not a matter in this country for corporations
	...

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