Fast Money: 1-on-1 With Hedge Fund Legend Jim Simons
Airtime: Mon. Sept. 13 2010 | 12:55 PM ET
Hedge fund legend Jim Simons, founder of Renaissance Technologies, shares his market and economic outlook with CNBC’s Melissa Lee.
Airtime: Mon. Sept. 13 2010 | 12:55 PM ET
Hedge fund legend Jim Simons, founder of Renaissance Technologies, shares his market and economic outlook with CNBC’s Melissa Lee.
We have a $700 billion to $1 trillion rescue package being thrown at countries “which are patently insolvent,” David Roche from Independent Strategy said Monday. He added that EU leaders have not addressed how the austerity measures are going to be enabled to help these countries become solvent again.
“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.
Obama Creates Fiscal Responsibility Commission. Airtime: Thurs. Feb. 18 2010 | 10:10 AM ET
President Obama announces the creation of a bi-partisan National Commission on Fiscal Responsibility and Reform.
Starting today, underwater homeowners will be permitted under a government program to sell their homes for less than they owe and basically force the lender to take the loss rather than foreclose on the home. Shari Olefson, of Fowler White Boggs, and Susan Wachter, a real estate professor at Wharton, discuss.
Carlos Ghosn, president & CEO of Nissan-Renault, tells CNBC’s Kaori Enjoji that the way the car industry is going, “scale and collaboration” between different auto manufacturers is becoming increasingly important.
The level of compliance to oil quotas among OPEC members has been sinking in recent months. OPEC compliance is now a cause for concern, HE Abdalla Salem El Badri, secretary general of OPEC, told CNBC Wednesday. El Badri added that OPEC is seeing strong demand growth from China and India.