Rogoff's Parting Shots
Airtime: Fri. May 14 2010 | 8:56 AM ET
Thoughts on where we go from here, with former IMF director Kenneth Rogoff, Harvard’s Thomas D. Cabot Professor of Public Policy.
Airtime: Fri. May 14 2010 | 8:56 AM ET
Thoughts on where we go from here, with former IMF director Kenneth Rogoff, Harvard’s Thomas D. Cabot Professor of Public Policy.
Durable goods orders for February continued the up trend we’ve seen over the last couple of months. John Canally, of LPL Financial, and Bob Baur, of Principal Global Investors, share their insight.
There are over 210 million people unemployed across the globe which is an increase of 30 million since 2007, Juan Somavia, director general of the ILO, told CNBC.
Robert Weissenstein, CIO at Credit Suisse Private Banking Americas, tells CNBC volume has made the rally more viable.
“The real economy has improved,” Yuwa Hendrick-Wong from MasterCard Worldwide said Wednesday. “At the moment, equities everywhere, especially in Europe, to a lesser extent in the US, are way ahead from what we can see in the real economy.” He sees stocks going into a “period of volatility.”
Fabrice Tourre, executive director of the structured products group at Goldman Sachs, delivers his opening statement before a Senate panel that alleges Goldman profited from the housing meltdown and made billions at the expense of clients.
The problems banks have with mortgages will take a long time to be solved and bank stocks are not attractive despite the recent drop in price, Jim Rogers, chairman of Rogers Holdings, told CNBC Wednesday.