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.
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.
US consumer spending rose by less than expected in September as income fell for the first time in 14 months. CNBC’s Rick Santelli delves into the data.
The world is doomed because the governments are taking over and will bankrupt us, says Marc Faber, editor & publisher at The Gloom, Boom & Doom Report. He also tells co-guest host Michael Yoshikami, founder, president and chief investment strategist at YCMNet Advisor, CNBC’s Bernard Lo and Karen Tso, that the Goldman fraud case was mainly political.
Getting a check on inflation, with CNBC’s Rick Santelli.
Fed Chairman Ben Bernanke discusses “too big to fail” and Lehman Brothers on Capitol Hill.
California’s Budget Crisis. California is battling one of the worst budget crises in the nation. David Crane, special economics adviser to Gov. Arnold Schwarzenegger, discusses the situation with CNBC.