ECB Holds Rates Steady
Airtime: Thurs. Jun. 10 2010 |
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.
Airtime: Thurs. Jun. 10 2010 |
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.
Volcker on Volcker’s Rule 2.2.10
Parsing Obama’s “Investing in America” town hall meeting with Diane Swonk, of Mesirow Financial; Robert Doll, of BlackRock; and Bill Gross, of Pimco.
Following the same path as Japan, China will face an inevitable collapse within the next decade or so, says George Friedman, CEO of Stratfor. He tells CNBC’s Martin Soong that a country’s growth rate doesn’t represent health.
It would take a sharp fall in the price of oil or another crisis to change Russia’s economic system for the long term, Nouriel Roubini, economist and New York University Professor, told CNBC Thursday.
Key meetings are still underway on what to do with Greece. The CNBC news team has the details on this and what it means for Portugal.
The ISM Manufacturing Index slipped to 59.7 in May from 60.4 in April, and construction spending jumped 2.7% in April. CNBC’s Steve Liesman parses the data.