ECB Holds Rates Steady
The European Central Bank kept interest rates on hold as widely expected Thursday. Chris Watling, CEO of Longview Economics, considers the outlook for the European economy.
Trichet: Euro is Very Credible Currency
“The euro is a very credible currency, a currency that has a track record of keeping its value (and) is a major asset for investors,” ECB President Jean-Claude Trichet told CNBC after the central bank left interest rates on hold Thursday.
Reacting to Economic Data: Weekly Jobless Claims & Trade Deficit
Insight on the latest jobless claims and trade deficit figuers, with CNBC’s Rick Santelli & Steve Liesman.
Trichet Faces Tough QE Decision
ECB Chief Jean-Claude Trichet has a tough decision when it comes to quantitative easing because “who wants to be caught long sovereign debt,” Andy Hartwill from Quasar told CNBC Thursday.
Black Swan: Bank Balance Sheets Still Bad
“The balance sheets of banks are just as bad as they were” two years ago when the crisis began and “the quality of the risks hasn’t improved,” Nassim Taleb, professor and author of the bestselling book “The Black Swan,” told CNBC on Thursday.
Time to Buy the Euro? Jim Rogers
Everybody is so bearish about the euro that it looks like now is a good time to buy the single European currency, Jim Rogers, chairman of Rogers Holdings, told CNBC Thursday. The only big bull markets Rogers sees in the next decade is commodities and he suggests having real assets such as cotton, silver and natural gas for protection in these markets.
Japan Revised Q1 GDP Rises 1.2% q/q
Japan’s revised first-quarter GDP rose 1.2% on quarter Thursday, beating analysts’ forecasts. Naomi Fink, Japan strategist at Bank of Tokyo Mitsubishi & Paul Schulte, MD at Nomura International, analyze the data, with CNBC’s Bernard Lo, Martin Soong & Karen Tso.
John Whitehead- Legendary Financier on Markets & Economy
John Whitehead, former co-chairman of Goldman Sachs, shares his market insight and economic outlook with CNBC.
Bernanke Testifies on the Hill, Pt. 2
Fed Chairman Ben Bernanke testifies before the House Budget Committee.
Bernanke's Opening Remarks
Fed Chairman Ben Bernanke testifies before the House Budget Committee.