Obama on The Economy 4.16.10
Airtime: Fri. Apr. 16 2010 | 1:41 PM ET
President Obama makes comments on the progress of economic recovery.
Airtime: Fri. Apr. 16 2010 | 1:41 PM ET
President Obama makes comments on the progress of economic recovery.
The government is looking to shorten the lengthy process of short sales, reports CNBC’s Diana Olick.
There will be a correction in the stock market “at some point,” Anthony Fry from Evercore Partners told CNBC Wednesday. But it’s unclear when that correction will occur, he added.
Which is the bigger threat? Vince Reinhart, former director at the FOMC; Jim Lacamp, of Macroportfolio Advisors; Jim Iuorio, of TJM Institutional Services; Lee Munson, of Portfolio Asset Mgmt.; and the CNBC news team discuss.
Fed Chairman Ben Bernanke testifies before the House Budget Committee.
“We do not contemplate the possibility of a double-dip recession… It’s not impossible, but it is not something that we think is likely,” Jose Vinals, financial counselor and director of the Monetary and Capital Markets Department from the IMF, told CNBC Thursday. Amartya Sen, author of The Idea of Justice, joined the discussion.
If we don’t strengthen the ECB and European Commission, we should dismantle the euro, Carlos Gutierrez, former commerce secretary and former Kellogg CEO, said Thursday. “We’re at an inflection point,” he said. “The whole concept of the euro is being tested.”