David Buick, partner, BGC explains that with time running out for the President and the Republicans to arrive a resolution of the US fiscal cliff, the expectations that a fudged deal will be presented are high.
As news of the European tremors trickle in, David Buick, partner, BGC explains to CNBC-TV18 from the ground about the situation across Europe. Though Spain had lit hopes last week, Buick said, the IMF‘s desperate scramble for a bailout package along with China and the US refusal to contribute beyond a limit has rattled investors‘ sentiments
The Greek bailout cannot possibly work, says David Buick, partner at BGC.
In an interview with CNBC-TV18, David Buick, Partner, BGC talks about the latest developments emerging from the eurozone.
David Buick, Partner at BGC says inertia seems to have set in with the European politicians. “They know they have a duty to help the European banking system.”
David Buick, Partner, BGC tells CNBC-TV18 there is this painful long wait between now and various elections in Germany, meetings with the European Union taking place on October 18, culminating with the G20 meeting on November 2 before anything will be officially ratified.
In an interview to CNBC-TV18, David Buick, partner of BGC said, the European problem has been manifesting for 18 months. According to him, emerging markets are essential to the world’s recovery and growth.
David Buick, Partner, BGC talks to CNBC-TV18 about how he reads the US President’s job speech and its implications on global markets.
All eyes settle on Federal Reserve chairman Ben Bernanke's speech at Jackson Hole, Wyoming today. European markets saw a sharp sell-off as many investors believe a move by the chairman has now been priced in.
In an interview with CNBC-TV18, David Buick, Partner, BGC said European equities are entering a negative patch entirely due to the inability of the European Union, the IMF and the ECB to find a solution to Greek problem. Failure to agree something by the end of this week could have extremely damaging affect, he added.
Today, all eyes will be on Fed's two-day policy meeting. Fed chairman Ben Bernanke will hold a brief press conference after the meeting. In an interview with CNBC-TV18, David Buick, Partner, BGC, speaks about his expectations from the Fed meeting.
David Buick, Partner, BGC, in an interview on CNBC-TV18 sees the recovery in emerging markets a certainty in the long-run. He prefers emerging markets to developed economies from a long-term point of view.