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In the U.S., is it the fall of the Roman Empire or will our anemic growth pick up steam and help us out of the economic doldrums? Here are five questions to ask.
One of the first things investors learn after “buy low and sell high” is that markets hate uncertainty.
To be downgraded is a national disgrace. It comes about via a political battle that should never have been fought.
The dollar deflates, the euro loses steam, and Moody's wants Japan to leave the yen alone - time for your FX Fix.
Warren Buffett says there's no question that the United States' debt is still AAA and that he's not changing his mind about Treasurys based on S&P's downgrade.
Silvio Berlusconi’s administration has lost sovereignty and its lack of credibility has hit Italy’s reputation abroad, according to former European Competition Commissioner Mario Monti.
Standard & Poor's downgrade of the US' credit rating from AAA on Friday, was "absurd", Richard Portes, professor of economics at the London Business School, told CNBC Monday.
Influential economist Nouriel Roubini has warned hopes that the recent slowdown was temporary have been dashed and predicted the US and other advanced economies will have a second “severe recession”.
"Clearly the S&P downgrade is a disappointment, clearly the timing as well is disappointing but I don't think financial markets will be taken completely by surprise by this," Henry Dixon, fund manager at Matterley Asset Management told CNBC.
The decision by Standard & Poor's to cut America's debt rating is, in Alan Greenspan’s view, bad for America’s state of mind.
The crisis threatening to envelop Spain and Italy is moving faster than euro zone policy makers can keep up with, William Rhodes, senior advisor at Citigroup, told CNBC Monday.
“So what Europe needs to do is to make sure that there's an unequivocal financial backstop, so there is no doubt in anyone's mind that those countries across Europe have the ability and the will to meet their obligations," the US Treasury secretary told CNBC.
Malcolm Turnbull, Shadow Communications Minister of Australia, says consumers do not have confidence in the market due to the lack of leadership in both U.S. and the euro zone.
With S&P’s downgrade of the United States’ credit rating from AAA to AA, many are speculating on how markets and U.S. authorities will respond.
S&P could be planning an imminent US credit ratings downgrade, with Barry Nolan, former Joint Economic Cmte.; Steve Moore, Wall Street Journal; and Joseph Watkins, MSNBC political analyst.
There he goes again. Out on the campaign trail, President Obama is proposing more federal spending as his answer to sluggish growth and jobs. That won’t do it, Mr. President.
Just imagine what would have happened to the markets if the debt ceiling wasn't raised. Yesterday, the equity markets fell off a small cliff and gave back the gains for the year. Today, we are watching the markets on a roller coaster ride as investors try to figure out what is really happening in the economy.
The Federal Reserve’s Federal Open Market Committee meets next week to consider monetary policy in light of economic developments since its previous meeting in June. Given the steady stream of weak economic data, it can be expected that the FOMC will at least discuss a further round of quantitative easing – potentially a “QE3” to follow up last fall’s move to QE2.
Weighing in on how to fix the debt crisis in Europe, with Erik Davidson, Wells Fargo Private Bank; Gillian Tett, The Financial Times; and CNBC's Michelle Caruso-Cabrera.
After the Dow Jones fell by 500 points on Thursday, European indices also faced a sell-off at Friday's open.