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One of the most significant legacies of TARP is that it has increased the chance of more bailouts, Neil Barofsky, the government program’s special inspector general, told CNBC Wednesday.
Optimism about the US economy is based on three factors—that the US is not another "Japan," that the European Central Bank is helping Europe’s financial institutions the same way the Federal Reserve is aiding those in the US and that President Obama is moving toward the center, Leon Cooperman, chairman CEO of Omega Advisors, told CNBC Tuesday.
Turmoil in Egypt has sent a message to rulers through the region that they need to get "ahead of the curve" or face similar destabilizing problems, Pimco's Mohamed El-Erian told CNBC.
It will take six years to bring US employment back from pre-recession levels, former President Bill Clinton told CNBC Thursday.
As consumers shift back to buying brand-name products, Kendall Powell, the CEO of food company General Mills spacer, told CNBC Thursday that the company doesn’t want to pass the higher costs of commodities on to their customers.
Concluding that financial crisis was caused by a lack of regulation is too simplistic and ignores the global nature of the crisis, according to Republican members of the Financial Crisis Inquiry Commission.
The US central bank has had an abysmal track record over the preceding three years when alerting investors about the direction of unemployment and gross domestic product.
The price of oil per barrel, now above $86, could top $100, then head up to $130 over time, due to the growing world population, James Rogers, president, chairman and CEO of Duke Energy, told CNBC Wednesday.
The Fed Wednesday is likely to give a nod to an accelerating U.S. economy but also make clear that the improvement is not strong enough to end its easing policies.
A period of inflation won't happen, given the high level of unemployment, Peter Fisher, global head of fixed income of BlackRock, told CNBC Tuesday.
The government, and many analysts, believe food inflation will rise as much as three percent this year, with the highest jumps in dairy products, meats, produce, and eggs. In other words, just about everything.
The surge in commodity prices has many worried about skyrocketing food prices at home. But a look at how much the increase in raw commodities actually makes it to the plate, at least in the United States, shows that it is unlikely by itself to cause widespread inflation.
Citigroup is embarking on a multi-year multi-billion dollar IT investment to integrate its consumer branches and products all over the world, Manuel Medina-Mora, the bank's executive in charge of consumer banking operations, told CNBC.
Industry economists say the U.S. economic recovery is gaining strength, with more firms expressing positive hiring plans than in over a decade.
Policy makers are working behind the scenes to come up with a way to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public workers, the New York Times reports.
This may turn out to be a much better year for corporate revenues than expected, although weak consumer demand and depressed jobs market will continue to pose a challenge, some analysts say.
Rising inflation pressures in emerging market nations will make Europe and the US better investment opportunities in 2011, according to "Dr. Doom" Marc Faber.
Going through one of the worst economic sagas in US history has thrown the country into two types of depressed states: a financial one and a psychological one. It is time to discuss a major systemic overhaul that might require another costly, but equally merited, “bailout” from Washington—one we can’t afford and can’t afford to live without.
The economy has improved in the last six months, signaled by greater consumer spending, durables purchases and some signs of increased investment, Daniel K. Tarullo, Federal Reserve governor, told CNBC Friday, echoing what his boss, Chairman Ben Bernanke said on Thursday.
Buyers of European sovereign debt are going to have to accept some losses if the problems there are ever going to be rectified, Pimco's Mohamed El-Erian told CNBC.