Goldman Sachs: Shorting The American Dream
Airtime: Wed. Apr. 28 2010 | 1:00 PM ET
Discussing the rage on Capitol Hill directed at Goldman Sachs, with James Surowiecki, The New Yorker.

Airtime: Wed. Apr. 28 2010 | 1:00 PM ET
Discussing the rage on Capitol Hill directed at Goldman Sachs, with James Surowiecki, The New Yorker.

“Concerns over a ‘double-dip’ recession seem overdone, but fears are unlikely to fade as economic tensions linger,” Ashok Shah, the Chief Investment Officer at London & Capital, told CNBC Wednesday.

Richard Koh, executive chairman of Pan Asian Water Solutions, demonstrates a device which can transform air into water within seconds. He explains the various applications of this piece of technology to CNBC’s Sri Jegarajah.

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.

“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.”

“The bond vigilantes are one by one picking off the weakest countries starting with Greece,” Neil Michael from London & Capital told CNBC Wednesday. The “vigilantes” are telling governments to “get a grip of their public finances,” he added.

Insight on the European debt crisis and world markets, with Mohamed El-Erian, PIMCO CEO & co-CIO.