Wilbur Ross on European Debt Crisis
Airtime: Tues. May 18 2010 | 7:04 AM ET
“I think what will actually happen to Greece and a lot of the other countries is, at best, stagflation,” legendary investor Wilbur Ross, of WL Ross & Co., told CNBC.
Airtime: Tues. May 18 2010 | 7:04 AM ET
“I think what will actually happen to Greece and a lot of the other countries is, at best, stagflation,” legendary investor Wilbur Ross, of WL Ross & Co., told CNBC.
Following the Bank of Japan’s decision to leave rates on hold, Jeffrey Halley, senior manager FX trading at Saxo Capital Markets, shares his take on the economy and its growth prospects, with CNBC’s Chloe Cho & Anna Edwards.
Discussing the election and the decision of the Canadian government to intervene in the BHP/Potash situation, with Jack Welch, former GE CEO and “Straight from the Gut” author.
Lloyd Blankfein, Chief Executive Officer and Chairman of Goldman Sachs
Friday marked Day 4 of a new rally attempt for the benchmark S&P 500 Index and Day 2 for the other major averages. That said, as long Tuesday’s lows are not breached in the S&P 500, the window is now opened for a proper follow-through day (FTD) to occur. However, if at anytime Tuesday’s S&P 500 Index lows are breached, then the day count will be reset. What does all of this mean for investors? Simple, the market remains in a correction which reiterates the importance of adopting a strong defense stance until a new rally is confirmed. Trade accordingly.
Warren Buffett answers questions about the rating agencies before the Financial Crisis Inquiry Committee. The Commission is holding a hearing entitled “Credibility of Credit Ratings, the Investment Decisions Made Based on Those Ratings, and the Financial Crisis.”
Former Citi execs sort of apologize for their role in the 2008 credit crisis, with Jerry Bowyer, syndicated columnist and Matt Miller, Washington Post.