Bill Gross: Blame the Rating Agencies
Airtime: Wed. May 5 2010 | 2:08 PM ET
Discussing whether America is letting the rating agencies off the hook, with William Gross, PIMCO.
Airtime: Wed. May 5 2010 | 2:08 PM ET
Discussing whether America is letting the rating agencies off the hook, with William Gross, PIMCO.
The bond market is pricing in a near-depression. Is it right or wrong? Bond guru William Gross, of Pimco, shares his view
Cisco Systems reported sales of $10.4 billion for the third quarter. John Chambers, CEO of Cisco Systems, tells CNBC that Cisco gained market share in every product category in the last quarter.
Even if Julia Gillard takes over the PM seat in Australia, the proposed mining tax will still remain, says Colin Chapman, Asia Pacific VP at Strategic Forecasting. He makes his case to Brian Coulton of Fitch Ratings, CNBC’s Martin Soong, Karen Tso & Sri Jegarajah.
“We’re going to have another recession, I guarantee you… By 2012 say, it’s time for another recession,” Jim Rogers, chairman of Rogers Holdings, told CNBC Wednesday. “The next time it’s going to be worse because we’ve shot all of our bullets,” he added.
Discussing the SEC’s landmark case against Goldman Sachs, with Andrew Ross Sorkin, NY Times; Jim LaCamp, Microportfolio Advisors; Joseph Grundfest, former SEC commissioner and CNBC’s Kate Kelly.
Ari Bergmann, CEO at Penso Advisors believes the debt situation in Japan is very dire. He tells Larry McDonald, managing director of Pangea Capital Management and CNBC’s Martin Soong, Sri Jegarajah and Karen Tso why a debt crisis in Japan is a real possibility.