PIMCO's Mohamed El-Erian: Markets Battle Back
Airtime: Thurs. Aug. 26 2010 | 8:42 AM ET
Insight on the markets and the rising risk of a double-dip, with Mohamed El-Erian, PIMCO.
Airtime: Thurs. Aug. 26 2010 | 8:42 AM ET
Insight on the markets and the rising risk of a double-dip, with Mohamed El-Erian, PIMCO.
Just seconds away from employment data, with CNBC’s Hampton Pearson; Mark Zandi, Moody’s Analytics; Byron Wien, Blackstone Advisory Services; Robert Barbera, ITG; Laurence Meyer, Macroeconomic Advisers ; and CNBC’s Steve Liesman.
The whole euro zone region is caught in a Catch-22 situation, notes Sandeep Malhotra, CIO at Clariden Leu. He explains his grim outlook on Europe, with CNBC’s Karen Tso & Sri Jegarajah.
The BoJ kept rates on hold at 0.1% and held off on new policy initiatives on Thursday as widely expected. Susumu Kato, MD & chief economist at Credit Agricole Corporate & Investment Bank, assesses its decision, with CNBC’s Oriel Morrison & Maura Fogarty.
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.
The Australian economy grew at its fastest pace in 3 years during the second quarter. John Peters, senior economist at Commonwealth Bank of Australia, breaks down the numbers, with CNBC’s Bernard Lo.
“I think interest rates forever in the US will be at zero. By zero I mean below the rate of inflation,” Marc Faber, editor & publisher of The Gloom, Boom & Doom Report, told CNBC Thursday. Faber also said that the Chinese economy will slow down, but avoid a crash.