Econ Analysis: Personal Income & Spending
Airtime: Mon. Mar. 29 2010 |
The CNBC news team parses today’s economic data. Ken Langone, CEO of Invemed, shares his insight and tells CNBC he sees a jobless recovery ahead of us.
Airtime: Mon. Mar. 29 2010 |
The CNBC news team parses today’s economic data. Ken Langone, CEO of Invemed, shares his insight and tells CNBC he sees a jobless recovery ahead of us.
As European governments promised they will take steps to reduce gaping budget deficits, famous investor Jim Rogers told CNBC he bought the single European currency. Luca Silipo from Natixis and David Kotok from Cumberland Advisors joined the discussion.
“The real economy has improved,” Yuwa Hendrick-Wong from MasterCard Worldwide said Wednesday. “At the moment, equities everywhere, especially in Europe, to a lesser extent in the US, are way ahead from what we can see in the real economy.” He sees stocks going into a “period of volatility.”
We are more concerned about rate rises in China than the Greece contagion risks, says Craig Irvine, co-head of regional research at Daiwa Capital Markets. He speaks to CNBC’s Karen Tso and Martin Soong about his outlook for Asian markets.
The Philadelphia Fed’s business activity index rose to 1.0 in October from minus 0.7 in September. CNBC’s Rick Santelli shares his analysis.
The long-term chart for the euro suggests it will go “much lower” versus the dollar and could fall toward $0.90, which is the lows of 2000/2001, Mark Sturdy from Seven Days Ahead told CNBC Wednesday. Sturdy also takes a technical look at the pound.
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.