The case of Antonio Weiss shows that Congress will not confirm successful candidates from Wall Street, Evercore CEO Ralph Schlosstein told CNBC.» Read More
When the Chinese authorities are bailing out local governments for $463 billion, or the equivalent of one and a half TARPs when adjusted for GDP, there could be big problems ahead, according to Societe Generale’s Dylan Grice.
Agustin Carstens, the underdog candidate to head the International Monetary Fund, has accused European governments of trying to pre-empt the fund’s succession process and failing to tackle their own debt problems, reported the FT.
Peter Diamond, a Nobel Prize-winning labor economist took the Republicans to task in a New York Times editorial for holding up his nomination to the Board of Governors of the Federal Reserve System arguing that his decades of research on unemployment was “crucial to conducting monetary policy”.
Here's the latest from my friend and frequent Kudlow Report guest Dan Mitchell.
The long term price of gold could come under pressure from a rallying dollar as the risk from the sovereign debt crisis subsides, Barclays Capital analysts said on Tuesday.
A new government is in place in Portugal, tasked with tackling the problems facing one of the sick men of Europe. Unfortunately, new faces in government do not in any way change the problems being faced by a country, according to one analyst.
Despite weak economic data a double dip recession is unlikely and investors should favor stocks over bonds, according to Chris Watling, the CEO of Longview Economics in London.
German banks, Spanish farmers, Greek debt - what should Germany finance next? Answer: None of the above. End of discourse, writes CNBC's Silvia Wadhwa.
As euro zone politicians scramble to bring Greek public finances back under control, the question of how much the European Central Bank will lose if they fail to avert a default has taken on greater importance, reported the FT.
At the world economic forum in 2009 one leading economist told me he was perplexed. Why would an economist be perplexed as the world economy teetered on the brink you ask? Well it had nothing to do with the state of the global economy and everything to do with supply and demand.
Commodities will weaken in the short term as the Chinese economy starts to slow, but prices could once again move higher from this fall boosted by power constraints in China, Jim Lennon, head of commodities research at Macquarie Bank told CNBC on Monday.
The market had been expecting Friday’s US jobs data to be weak but the scale of the drop in employment growth in May still took many by surprise.
Europe has not yet had its financial crisis while America is still recovering from its crisis in 2008 according to Jim McCaughan, the CEO of Principal Global Investors.
Having failed to secure a majority in Sunday’s election, the new conservative-led coalition will face a daunting task as it attempts to turn around its country’s ailing finances, according to Barclays Capital.
There is no need for a “plan B” for the economy even if conditions change, senior Conservatives insisted on Sunday as Ed Balls renewed his attack on the government’s “reckless” deficit reduction program, reported the FT.
Political advantage can be fleeting. A couple of months ago, during the winter quarter, job gains looked to be picking up, unemployment was easing lower, and President Obama’s reelection hopes looked more secure. But things sure have changed
Imagine that you are sitting in your house, watching flood waters rise, fearing that your house could be washed away and the government walks in and says, “here’s our plan to save your house - we are going to add more water to the flood.” After realizing this was not a joke, you would run, not walk, to find higher ground and kiss your house goodbye.
A Federal grand jury has now indicted the former Democratic presidential candidate on criminal charges for break campaign finance laws to cover up an an extra-marital affair, reports CNBC's Hampton Pearson.
Portugal goes to the polls on Sunday looking to elect a government that will lead them through an austerity package mandated by the European Union and International Monetary fund; but whoever wins will need to defy the electorate and introduce unpopular policies.
Investors like PIMCO’s Bill Gross predict the rally in Treasurys will have to come to an end sooner rather than later, but one economist predicts the yield on the 10 year bond will hit 2.5 percent.