Republicans Likely to Improve on Auto Rescue Plan
The Republicans legislators have a lot of leverage now to try and pass an auto bailout plan that is even more favorable to taxpayers, says Michael Yoshikami, founder, president & chief investment strategist at YCMNET Advisors.
Fed Unlikely to Bring Rates to 0%
The Fed is unlikely to cut rates to 0%, thinks Michael Yoshikami, founder, president & chief investment strategist at YCMNET Advisors. He tells CNBC what else the Fed can do to boost the slowing U.S. economy.
US GDP Could Drop 7% in Q4
The US economy could face a 6/7% annualized drop in growth domestic product in the fourth quarter, according to Neil MacKinnon, chief economist at ECU Group.
He sees real problems in the US economy and doesn't expect the situation to improve any time soon.
"The hope for a mid-year recovery is looking quite demanding," MacKinnon told CNBC.
"The outlook for equity markets may be for a long period of fairly compressed returns."