Ignore Good News During Crisis
Airtime: Fri. May 21 2010 | 4:00 AM ET
During a crisis, there will often be “crumbs of comfort” from economic data, but these should be ignored, Moorad Choudhry from London Metropolitan University told CNBC Friday.

Airtime: Fri. May 21 2010 | 4:00 AM ET
During a crisis, there will often be “crumbs of comfort” from economic data, but these should be ignored, Moorad Choudhry from London Metropolitan University told CNBC Friday.

Paul Goldberger critiques the new Goldman Sachs building in Manhattan.

Discussing whether there is a second half slowdown in the market, with John Rutledge, former Reagan economic advisor; Peter Navarro, UC Irvine business professor and Peter Morici, University of Maryland.

“Russia has growth and Russia has money and Europe has neither,” Kingsmill Bond from Troika Dialog told CNBC Tuesday. “Russia has the capacity to support Europe clearly with its cash,” he added.

Pending Home Sales Down 30%.

Bank of America and other Wall Street banking giants do not need to be broken up to protect the global economy from another financial crisis, Brian Moynihan, CEO of Bank of America, told CNBC Friday 1.29.10.

“The Spanish economy is in a fix; the figures are really grim,” Robert Robinson from ICADE told CNBC Tuesday. The Spanish government has been going through an “ostrich syndrome” and hoping the problem will go away, but things will get worse before they get better, he said.