Pros Say: China is No Savior
Global stocks started the week lower Monday as concerns over the fate of General Motors and Western banks prevailed. Experts interviewed by CNBC weigh in on the outlook for the global economy and on hopes that China will pick up the consumption tab to pull the world out of recession.
China is No Savior
China cannot lift the world out of economic misery, says David Roche, global strategist at Independent Strategy.
Expect More China Stimulus...But Not Soon
China will unveil more stimulus packages but don't expect these decisions to be made hastily, say David Roche, global strategist at Independent Strategy & Fraser Howie, author of "Privatizing China".
Global Economy to Shrink 2-3% in '09
The global economy will shrink by 2% to 3% in 2009, believes David Roche, global strategist at Independent Strategy.
Bailing Out Eastern Europe
There's no doubt that Germany and France will need to bail out Eastern Europe, says David Roche, global strategist at Independent Strategy. But it is likely to be done in conjunction with the IMF and World Bank.
Japan has a Bankrupt Economy
Japan needs to embark on quantitative easing as its economy is bankrupt, says David Roche, global strategist of Independent Strategy. Roche & John Noonan, senior FX analyst at Thomson Reuters tell CNBC the other reasons why the yen is no longer a safe-haven play.
Upside Demand for Dollar
There still is upside demand for the U.S. dollar, explains Joshua Williamson, senior strategist at TD Securities. He speaks to CNBC about the impact of the global economy on the greenback.
Bad Loans Mount
If one bad loan is not addressed, it leads to several bad loans mounting up, says David Roche, global strategist at Independent Strategy. He tells CNBC that the economy has worsened and will continue to do so.
