The U.S. Democratic debate will focus on domestic issues such as income inequality, says David Goodfriend, founder and president of Goodfriend Government Affairs.» Read More
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”.
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.
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.
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.
After the Dow Jones fell by 500 points on Thursday, European indices also faced a sell-off at Friday's open.
If part of your investing strategy this year is based on the presidential cycle, you need to acknowledge that things are not going as planned. Streaks last until they don’t. Similarly, if your investing strategy is based on an economic recovery, you will need to acknowledge that growth has slowed.
Markets could rebound after Thursday's global sell-off, but investors should see any bounce as a selling opportunity, as the world economy rolls towards total collapse, Mark Faber, editor and publisher of the Boom, Doom and Gloom Report told CNBC Friday.
Investors should not sell into a selling climax, according to Jim Rogers, the CEO and Chairman of Rogers Holdings.
With the threat of failure to reach a debt deal finally out of the way and the worsening global macroeconomic picture gripping investors, it has been a win- win for US Treasurys so far.
Is it time to buy gold or flee to cash? With all of the hyperbole in the market on Friday following the 500 point fall in the Dow Jones Industrial average on Thursday, and heavy selling in Asia and Europe Friday, the answer might be bottled water, tinned food and shovels.
Jean-Claude Trichet tried his best to provide reassurance to investors on Thursday.