David Taylor
speaker
997 appearances
8 recordings
2 series
first heard Apr 2026
last heard 15 Sep
David Taylor’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 8 in all, peaking in Sep 2026 with 3.
Appearances
And the trouble with debt is that the more you buy of it, the more expensive it gets, the more
People that are lending to you get a little bit worried and say, oh, look, you know, you're investing a lot and, you know, we're keen to give you the money for that.
But we would like to see, you know, actual hard demand at the end of the chain to make sure that what you're investing in is actually going to be good for consumers at the end of the day and that you'll make money out of it.
And we're getting to the point now where these companies have engaged in so much debt that a separate market in the derivatives market, which is a separate market altogether, separate financial market, is telling us that they've perhaps gone a little bit overboard with the debt.
So it's a credit default swap.
And you buy a credit default swap when you're not entirely sure that the person or the company that you've lent money to is going to give you money back in return with interest.
And so what you do is you buy the credit default swap.
You pay.
And once you've purchased it, you pay the person that's given it to you an annual fee.
So if it's a million dollars and it's 2%, you're going to be paying them $20,000 a year.
It's insurance.
Insurance to make sure that the money you've lent out is going to come back to you.
Because if the person that you've lent to actually defaults, goes bust,
then you get all the money back.
And of course, that's not so great for the person that sold you the credit default swap.
But if the company stays alive, then the person who sold you the credit default swap gets- Gets their 2% per annum.
100%.
And the higher the credit default swap goes as a percentage, the more chance that the
the security or the company that's behind that debt is going to collapse.
I'll just give you Oracle as an example because Oracle has invested an enormous amount into data centers with the hope that it can kind of be both in infrastructure, in chip infrastructure, and in AI.
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