Spain should be restructuring its debt right now, Matthew Lynn, founder of Strategy Economics, told CNBC's "European Closing Bell," suggesting a 50 percent haircut on Spanish sovereign debt holdings now in order to get the country back on track.
The US is going down a similar road to that of Greece and Portugal with regards to its budgetary decisions, John E.Silvia, chief economist at Wells Fargo, on Wednesday.
Organizers expect 800-1,000 blondes to participate in the parade on Saturday to show that they really do have more fun. They also hope the event will bring positive energy to Latvia, which is forecast to see its economy contract by 3.5 percent in 2010.
The Dow is going to break out of its current trading range to the downside, as the U.S. economy continues to face major headwinds, Richard Suttmeier, chief market strategist at ValuEngine.com and Niagara International Capital, told CNBC on Monday.