Russia Needs a Crisis to Change: Roubini
It would take a sharp fall in the price of oil or another crisis to change Russia’s economic system for the long term, Nouriel Roubini, economist and New York University Professor, told CNBC Thursday.
It would take a sharp fall in the price of oil or another crisis to change Russia’s economic system for the long term, Nouriel Roubini, economist and New York University Professor, told CNBC Thursday.
Jon Corzine, CEO of MF Global, former CEO of Goldman Sachs and former governor of New Jersey, discusses the civil fraud charges against Goldman Sachs.
Jim Simons, founder of Renaissance Technologies, discusses the Flash Crash, the market’s reaction and how his company dealt with orders in the immediate aftermath, with CNBC’s Melissa Lee.
Discussing Pimco CEO El-Erian’s comments on TIPS and whether inflation is coming, with Bill Strazzullo, of Bell Curve Trading and Rob Morgan, Falkland Securities.
“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.”
Outspoken Berkshire-Hathaway vice chairman Charles Munger has some not-so-kind words for former Lehman Brothers CEO, Dick Fuld, with CNBC’s Becky Quick.
“The real issue is actually Greece and the fact that they have mishandled their finances over a number of years,” David Scammell from Schroders Asset Management told CNBC Friday when discussing the potential for an EU-led bailout.