The next financial meltdown will be in the currency markets, as central banks around the world have been printing money, giving the appearance of massive government intervention to weaken their currencies, legendary investor Jim Rogers, chairman, Rogers Holdings, told CNBC Wednesday.
The singe European currency may bring the end of the whole European Union, because its one-size-fits-all approach means countries on the "wrong" side of the economic cycle lose out, European MP Nigel Farage said.
The Euro zone's GDP came out and made for dismal reading. It should be remembered this is yesterday's news, and there are "green shoots" in Europe as well that we will comment on in a moment. But the headline numbers were truly bad, and Germany's number was shocking.
A sustainable recovery will occur only when the corporate system will be cleaned of losses and capitalism risks collapsing if this does not happen, Marc Faber, the author of "The Gloom, Boom & Doom Report," told CNBC Friday.
Prepare for War, the Death of capitalism and Bankruptcy of the US Government (not necessarily in that order). A vintage performance from the author of "The Gloom, Boom & Doom Report".
Renowned bear Marc Faber, author of "The Gloom, Boom & Doom Report," told CNBC that capitalism risks failing like communism unless the free market is allowed to clean up troubled companies.
Major central banks' efforts to lift the world economy by printing money have boosted asset prices, so stocks are unlikely to hit their lows from November and March, Marc Faber, the author of "The Gloom, Boom & Doom Report," wrote in his latest research report.
The recent rally in stocks has run out of steam and there are no reasons for it to come back, two analysts told CNBC Thursday.
As talk of the United States' ability to keep its AAA rating resurfaced Wednesday, one analyst told CNBC that the impact could be prove a major drag on the strength of the dollar.
The European Central Bank will have to print and sell euros in the currency markets to alleviate the pain the strong single currency is causing to the euro zone, David Bloom, global head of foreign exchange strategy at HSBC told CNBC Tuesday.
The bear-market rally could continue for the next two or three weeks and investors should sell bonds and buy stocks in the short term, Roelof van den Akker, chartist at ING Wholesale Banking, told CNBC.
Danske Bank has access to fresh capital if economic conditions worsen, as recent commitments for a loan from the government would provide it with enough of a cushion, an analyst with financial services investment bank KBW told CNBC.com Monday.
The European Central Bank Shadow Council said it saw no need to set an interest rate floor at 1 percent, smashing official ECB proposals to prevent the rate from reaching 0 percent.
Austrian bank Erste Group sought Thursday to dampen fears that it faces heavy losses in Eastern Europe as it reported a 26 percent fall in first-quarter net profit as provisions for bad loans increased.
Swine flu could affect commodities prices, especially oil, as demand may shrink on fears of a further economic slump because of a worldwide epidemic, Eugen Weinberg, senior commodity analyst at Commerzbank, told CNBC.
The recent rise in stocks and talk about green shoots in the markets are optimistic assumptions, as the world downturn "still has a way to run," Hugh Hendry, Chief Investment Officer at Eclectica, told CNBC Tuesday.
"As the Fed and the BOE have become more sane by printing money the so called gurus like Soros and Buffett suffer a deficit of sanity. They are saying the actions of these central banks will lead to inflation. I contest that," Hugh Hendry told CNBC.
A Swiss court has increased the prison sentence handed to a former banker who broke the country's strict banking secrecy laws.
Swedish bank Swedbank reported Thursday a first-quarter net loss, disappointing analysts' expectations for a profit, due to large provisions for loan losses in its hard-hit Baltic operations.
The once-booming CEE is stealing the limelight again but this time for less palatable reasons. As one analyst put it, "Eastern Europe's problem is a greater weight on the Western European nations than the subprime is in the United States."