Global stocks powered higher Thursday as hopes grew that the US economic decline was reaching a bottom, while the euro gained despite expectations of an interest rate cut from the European Central Bank. Experts weigh in on how to help the economy.
Changing Mark-to-Market Rules Unlikely to Help
As the market will price the banks' toxic assets as it sees fit, Craig Irvine, co-head of regional research at Daiwa Institute of Research does not think that any changes to mark-to-market accounting rules will help.
Speeding Up Global Recovery
If the IMF does issue SDR bonds, that would definitely be a positive sign, says Hans Redeker, global head of FX strategy at BNP Paribas. He explains how this will aid in the global recovery.
Trade Is Key to Ending Global Recession
Developing countries will be most affected by falling trade, says Victor Fung, chairman at The International Chamber of Commerce and chairman of Li & Fung Group of Companies. He tells CNBC why international trade is key to ending the global recession.
US Should Not Only Be Blamed