*Bank of Canada holds key rate at 1.0 percent. *Says risks of low inflation appear to have increased. OTTAWA, Dec 4- The Bank of Canada held its key interest rate steady on Wednesday but sounded a touch more dovish in its outlook, saying the risks of undesirably weak inflation appeared greater than they did six weeks ago.» Read More
American billionaire and president of Kynikos Associates, James Chanos joined the "Squawk Box" team, offering his perspectives on Cisco, China and Greece.
Russia is still one of the most enigmatic, complex and confusing countries on this planet. It is a country that ever since the break down of the Soviet Union in 1991 has been promising modernization, promising to invest in new technologies and promising to reduce its economic dependence on its vast natural resources.
Even if this administration wanted to be serious about fiscal austerity, we would have a massive deficit. As it is, it looks like fiscal 2010's red ink will total over $1.5 trillion. I remember the late Senator from Illinois (of all places), Everett Dirksen, who once said "A billion here, a billion there, pretty soon you're talking about real money." He would freak at the thought of a trillion here or there.
How in the world can Team Obama say that they're focused laser-like on jobs and economic growth, and at the same time, propose $2 trillion worth of tax hikes for successful investors, entrepreneurs, businesses, banks, and almost anything else that moves?
The week started out with nothing but good looking news. Overseas a bunch of countries reported their Purchasing Managers surveys (PMI) and they were almost uniformly good.
Tonight, we learn about Mr. Paulson's thinking behind all those decisions, taken in response to the financial crisis, and, ultimately, in the pursuit of long-run American prosperity.
Spain's presidency has as its bedrock the '2020 Strategy' plan. A plan to create jobs and to make Europe a 'smarter, greener social market'. But Spain itself has the worst jobs picture anywhere in the EU27.
There are some who blame the Fed for missing warnings signs leading up to the financial crisis; others have said the Fed caused the crisis with its “easy-money” policies.
The Obama budget is doing something now that will incent people to hire workers that in the long run is going to cost them their jobs.
Government regulators from the U.S. and Europe laid out their financial reform plans Saturday before a skeptical banking industry, asking financiers for input but adamant that change was coming with or without their support.
The day after President Obama’s State of the Union, Congress went ahead and passed a $1.9 trillion — that’s right, $1.9 trillion — increase in the federal government’s debt limit. Let me tell you why this bothers me.
The economist Nouriel Roubini known as Dr. Doom finds the moniker wearisome and says it no longer accurately reflects his opinions. He says Dr. Realism is more like it.
The market needs a correction after a 60% gain from last March and the news of the day Thursday was that Greece was looking for some help.
Euro zone member states must meet their commitments on budget stability and cannot be bailed out by the euro zone, French Finance Minister Christine Lagarde told CNBC in Davos on Friday.
Take Davos, add banking and a few drinks after the sessions are over and the banker outrage bubbles up.
Surely even the most hard-line of EU leaders are not blind to the fact that if Greece goes over the cliff then there will be other targets for the markets. Targets such as Portugal, Ireland, Spain and non-euro zone countries like the U.K.
Greece's Prime Minister George Papandreou told CNBC Thursday that his country has to make substantial changes to recover from its devastating financial problems.
I have to say I was a little surprised (read: disappointed) to hear so very little about housing in President Obama's State of the Union speech last night. Yes, he mentioned folks were losing their homes, in the long list of ills plaguing the American people.
This Monday, Henry Paulson will be on CNBC as Larry's guest. The former head of the Treasury is coming on CNBC to talk with Larry about his new book and his role in the bailouts and AIG.
Unpopular as he may be, Treasury man Tim Geithner did a fine job yesterday defending the government rescues of last fall — including AIG.