Ignore Good News During Crisis
Airtime: Fri. May 21 2010 | 4:00 AM ET
During a crisis, there will often be “crumbs of comfort” from economic data, but these should be ignored, Moorad Choudhry from London Metropolitan University told CNBC Friday.
Airtime: Fri. May 21 2010 | 4:00 AM ET
During a crisis, there will often be “crumbs of comfort” from economic data, but these should be ignored, Moorad Choudhry from London Metropolitan University told CNBC Friday.
The long-term chart for the euro suggests it will go “much lower” versus the dollar and could fall toward $0.90, which is the lows of 2000/2001, Mark Sturdy from Seven Days Ahead told CNBC Wednesday. Sturdy also takes a technical look at the pound.
Why Chinese leaders are committed to strengthening the global recovery, with Timothy Geithner, Treasury Secretary.
CNBC’s David Faber has the highlights on what Lloyd Blankfein said in response to SEC charges.
UK Prime Minister David Cameron laid out plans to boost business activity in the UK Monday. John Conolly, CEO of Deloitte, told CNBC that Cameron had got off to a good start with his policies.
Everybody is so bearish about the euro that it looks like now is a good time to buy the single European currency, Jim Rogers, chairman of Rogers Holdings, told CNBC Thursday. The only big bull markets Rogers sees in the next decade is commodities and he suggests having real assets such as cotton, silver and natural gas for protection in these markets.
John Whitehead, former co-chairman of Goldman Sachs, shares his market insight and economic outlook with CNBC.