Jamie Dinan on Recovery, Rates & More
Airtime: Thurs. May 27 2010 |
Hedge fund manager Jamie Dinan, of York Capital Management, discusses the economic recovery and more with CNBC.
Airtime: Thurs. May 27 2010 |
Hedge fund manager Jamie Dinan, of York Capital Management, discusses the economic recovery and more with CNBC.
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.
CNBC’s John Harwood talks to President Barack Obama about pending legislation on financial reform, the possibility of raising taxes, and how the average American should think about Wall Street.
Insight on real estate and jobs, with Richard LeFrak, president of The LeFrak Organization.
Discussing the future outcomes of the global economy and how things are continuing to change, with Mohamed El-Erian, Pimco co-CEO; Ed Yardeni, Yardeni Research president; former IMF director Kenneth Rogoff, Harvard’s Thomas D. Cabot Professor of Public Policy.
Fitch Ratings downgraded Spain’s credit rating by one notch on Friday, with Win Tin, Brown Brothers Harriman sr. currency strategist.
“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.”