Global stocks were back in the green Wednesday, and the dollar rose to 3-year highs, as investors scrambled to limit risk. But concerns about the stability of the financial sector persist as Federal Reserve Chairman Ben Bernanke failed to rule out further bank bailouts in his testimony on Tuesday.
Experts interviewed by CNBC weigh in on the governments' efforts to sustain the financial sector and global economy and warn of more dismal unemployment figures.
US Feb Nonfarm Payrolls May Fall 750,000
The U.S. February nonfarm payrolls, due Friday, could show a worse-than-expected loss of 750,000 jobs, predicts Jan Lambregts, head of research, Asia Pacific at Rabobank International.
TALF Step in the Right Direction
The government is becoming the securitization mechanism for consumer lending, says Wilbur Ross, chairman and CEO of WL Ross & Co. He tells CNBC that this is a constructive move for the U.S. economy.