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.
Discussing the future outcomes of the global economy and how things are continuing to change, with Mohamed El-Erian, Pimco co-CEO; Ed Yardeni, Yardeni Research president; former IMF director Kenneth Rogoff, Harvard’s Thomas D. Cabot Professor of Public Policy.
French and German banks are still the most exposed to debt-ridden euro zone countries, according to data from the Bank of International Settlements. Arturo De Frias from Evolution Securities has analysis Monday.
“The bond vigilantes are one by one picking off the weakest countries starting with Greece,” Neil Michael from London & Capital told CNBC Wednesday. The “vigilantes” are telling governments to “get a grip of their public finances,” he added.
The German cabinet approved a draft bill to ban naked short selling of euro zone government bonds and German shares Wednesday, but an outright ban has been postponed. Rüdiger von Rosen from Deutsches Aktieninstitut said that investors are responsible for their judgment.
The U.S. will be making a huge mistake if it does go ahead and sign an anti-China trade sanction bill, warns Stephen Roach, chairman of Morgan Stanley. He explains why to CNBC’s Bernard Lo & Karen Tso.
Roubini on the Economy