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Deflation

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  • UK Services PMI Hits 20-Month Low in Dec. Thursday, 6 Jan 2011 | 7:18 AM ET

    Large swathes of Britain's service sector suffered their first fall in output since April 2009 last month, a major survey showed on Thursday, pointing to a sharp slowdown in economic growth at the end of 2010.

  • Europe's Austerity Approach 'Clearly Wrong': Stiglitz Thursday, 6 Jan 2011 | 7:01 AM ET
    Joseph Stiglitz

    The euro zone's strategy of slashing spending to reduce debt in the wake of the credit crisis is "clearly wrong" and is likely to be counterproductive for the region’s economic growth, Nobel prize-winning economist Joseph Stiglitz, told CNBC Thursday.

  • Economist Ties Gold Bet to Bernanke Resignation Friday, 31 Dec 2010 | 6:52 AM ET
    Federal Reserve Bank Chairman Ben Bernanke

    Federal Reserve Chairman Ben Bernanke may resign in late 2011 as deflation continues to dash hopes of strong economic growth in the U.S. economy, Jim Walker, founder and CEO of Asianomics, told CNBC Friday.

  • Happy New Year, Prepare for Tough Times Friday, 31 Dec 2010 | 4:10 AM ET
    David Cameron

    Prime Minister David Cameron has pledged to prioritize jobs and economic growth in 2011, but his New Year's message warns of tough times ahead with harsh budget cuts needed to tackle Britain's massive deficit.

  • Crescenzi: Top-10, Top-Down Themes for 2011 Thursday, 30 Dec 2010 | 10:53 AM ET

    It is what will lead the U.S. economy to a self-reinforcing virtuous cycle of increases in production, income, and spending, and it is what will enable risk assets to continue to outperform less risky assets. This condition will prevail for a while. The path to successful investing is to ride these trends and get off before they are discredited, says bond expert Tony Crescenzi.

  • Europe Does Not Need More Stress Tests: SocGen CEO Wednesday, 29 Dec 2010 | 3:26 AM ET

    The European banking sector does not need another round of stress tests because the exposure of large banks to sovereign debt is already public, Société Générale Chairman and CEO Frédéric Oudéa told CNBC Tuesday. 

  • Recession Risk Remains in 2011: Strategist Monday, 27 Dec 2010 | 7:11 AM ET

    There is a risk of another recession next year, protectionism could cause major problems in 2011 and recent stock market strength could be curtailed, Roger Nightingale, strategist at Pointon York, told CNBC Monday.

  • Muni Bond Crisis May Be Similar to Euro Zone: Strategist Wednesday, 22 Dec 2010 | 8:46 AM ET

    A crisis in the municipal bond market in the US would be similar to the one sweeping through the euro zone now, Steven Major, global head of fixed income research at HSBC, told CNBC Wednesday.

  • Outrageous Predictions: Congress to Block Fed's QE3 Monday, 20 Dec 2010 | 10:16 AM ET
    Traders work in the ten-year U.S. Treasury Note options pit at the Chicago Board of Trade in Chicago, Illinois, U.S.

    Apple will buy Facebook, Congress will block a third round of quantitative easing and the S&P will reach a new all-time high. These are just some of the outrageous predictions for 2011 put forward by Saxo Bank in its annual "Black Swan Exercise."

  • Merkel: EU Will Do Everything to Secure Euro Friday, 17 Dec 2010 | 8:15 AM ET
    German Chancellor Angela Merkel

    German Chancellor Angela Merkel said on Friday that Europe will do everything to secure the stability of the euro, which has come under pressure in the euro zone debt crisis.

  • Germany in a Lose-Lose Situation: El-Erian Wednesday, 15 Dec 2010 | 2:45 PM ET

    Rather than simply doubling up on a faltering liquidity approach, the time has come for Germany to lead a more holistic solution focused on addressing the periphery’s debt overhang and competitiveness problems.

  • Portugal to Need Bailout in 1 Month: Head of Trading Wednesday, 15 Dec 2010 | 10:04 AM ET

    Bond vigilantes will target Portugal and force the country to seek a bailout within a month, but Spain will not need to turn to its European peers for help, Piers Curran, head of trading at Amplify trading told CNBC on Wednesday.

  • Back-Load Spending Cuts or Return to Crisis: Roubini Tuesday, 14 Dec 2010 | 11:16 AM ET
    Nouriel Roubini

    The risks of debt deflation and disorderly sovereign and private-sector defaults are rising because policymakers are pressing ahead with spending cuts and raising taxes before seeing strong signs of an economic recovery, economist Nouriel Roubini wrote in a commentary piece for Project Syndicate.

  • Belgium Warned Over Debt Rating by S&P Tuesday, 14 Dec 2010 | 7:09 AM ET
    leie river ghent belgium

    Standard & Poor's has warned that Belgium may have its credit rating downgraded within six months in light of the country's ongoing political deadlock.

  • 'Snooty' Europhiles Owe Penitence: London Mayor Monday, 13 Dec 2010 | 10:25 AM ET
    Boris Johnson

    Europe was nowhere near ready for the euro when it was introduced in 1999 and the sovereign debt crisis has proven critics of a one-size-fits-all monetary policy right, London mayor Boris Johson wrote in an opinion piece for UK newspaper The Daily Telegraph on Monday.

  • Some European Countries Are Bankrupt: Jim Rogers Tuesday, 7 Dec 2010 | 7:00 AM ET
    Jim Rogers

    Some countries in Western Europe are bankrupt or are having serious liquidity problems and they should be allowed to restructure their debt, famous investor Jim Rogers told CNBC Tuesday.

  • US to Face Euro Zone's Problem Next Year: Strategist Tuesday, 7 Dec 2010 | 5:19 AM ET

    The U.S. will have to follow Europe's economic lead and face up to its debt problems instead of just continuing with quantitative easing that will lead to a dollar decline, David Bloom, global head of foreign exchange strategy at HSBC, told CNBC Tuesday.

  • Cramer Busts 5 Bearish Sentiments Monday, 6 Dec 2010 | 11:10 PM ET

    When you hear pundits spouting these canards, ignore them.

  • ECONOMY—Liesman Monday, 6 Dec 2010 | 11:22 AM ET
    European Central Bank (ECB) chief Jean-Claude Trichet

    Interest rates are flat, TARP pays for itself and the Euro holds steady.

  • ECONOMY—Bozzo Friday, 3 Dec 2010 | 7:36 AM ET

    Economic growth will be subpar, the jobless rate drifts lower, deflation remains a concern, deficit reduction goes nowhere and heads roll in Washington.