Global Growth to Zero?
Airtime: Tues. Jul. 20 2010 | 11:14 AM ET
An influential Wall Street firm is warning world growth could go to zero if central banks and governments begin to pull back, with CNBC’s Steve Liesman.
Airtime: Tues. Jul. 20 2010 | 11:14 AM ET
An influential Wall Street firm is warning world growth could go to zero if central banks and governments begin to pull back, with CNBC’s Steve Liesman.
Kenneth R. Feinberg, former Special Master for TARP Executive Compensation (June 2009 – September 2010), testifies to Congressional Oversight panel on executive compensation restrictions for companies that received Troubled Asset Relief Program (TARP) funds.
Business economists are expressing the kind of optimism they haven’t had in years, with CNBC’s Steve Liesman.
Breaking news on the state of the labor market and inflation, with the CNBC team.
Kansas City Fed President Thomas Hoenig testifies to a House Field Committee on the economy and the issue of too big to fail.
“As far as I’m concerned the technicals are in tact, says Guy Adami. We said the S&P would over-correct to the upside and trade up to 1130 and then turn lower — and it did. Now we’re likely in the next leg lower. We have to see what happens as the S&P trades down to the lower end of the range – around 1040 – will it hold next time we test it?
The patterns in the S&P suggest that support will not hold this time, adds Oppenheimer’s Carter Worth. My persumption is we break lower. I think we go to 980. I don’t think a great crash is coming but we are clearly entering a period when the downside should be the focus of investors.”
Mohamed El-Erian, CEO of Pimco, and Dick Berner, chief US economist at Morgan Stanley, debate whether we’re experiencing an economic soft patch or double dip.