Bill Gross: Liquidity Trap Part I
Airtime: Wed. Oct. 27 2010 | 2:15 PM ET
Pimco’s Bill Gross tells CNBC why he thinks we’re in a liquidity trap.
Airtime: Wed. Oct. 27 2010 | 2:15 PM ET
Pimco’s Bill Gross tells CNBC why he thinks we’re in a liquidity trap.
Why the American consumer is set to bounce back, with Warren Buffett, Berkshire Hathaway chairman & CEO.
Looking at the market, since Monday’s follow-through day, the market and a batch of leading stocks, steadily rallied which is a healthy sign. The fact that we have not seen any serious distribution days show up since Monday’s FTD bodes well for this nascent rally. It is also a welcome sign to see the market continue to improve as investors digest the latest round of stronger than expected economic and earnings data. Remember that now that a new rally has been confirmed, the window is open to start buying high quality breakouts. Trade accordingly.
The currency wars could come to a head this weekend at the G20 summit. Arnab Das, managing director of market research and strategy of Roubini Global Economics, and Lauren Rosborough, senior currency strategist at Westpac, discuss the outlook.
Could Pandora open a can of worms for Sirius XM? Rob Cox, of Reuters Breakingviews, and “The Strategy Session” hosts discuss.
Discussing the state of employment in New York City, Michael Bloomberg, NYC mayor.
As the Japanese yen hits an 8-month high against the dollar, Timothy Connors, corporate forex manager at Custom House Western Union, speaks to CNBC’s Yousef Gamal El-Din, Maithreyi Seetharaman & Sri Jegarajah about whether the BOJ will intervene to slow the currency’s climb.