The Latest Market and Economy Videos
John Taylor, founder and CEO of the world’s largest currency hedge fund FX Concepts, spoke with Bloomberg TV’s Sara Eisen and said that Draghi’s promise to do what’s needed to preserve the euro will result in a weaker currency as the ECB prints more money than its counterparts. He said that Europe’s crisis is in the “second or third inning…it’s in the beginning. You’ve got a long way to go.”
Taylor went on to say that Germany has to “realize that
Rising food prices, the inevitable consequence of the drought that has stricken much of the U.S., shouldn't pose much of a threat to the economy. But they could give plenty of companies, and the Federal Reserve, fits. Justin Lahart has details on The News Hub.
CNSNews.com Editor-In-Chief Terry Jeffrey discusses the abuse of the nation's disability program.
Stephen Roach, former non-executive chairman of Morgan Stanley in Asia, appeared on Bloomberg TV’s “In the Loop” with Betty Liu, saying that he “absolutely” sees more Fed stimulus next week and that “they have no choice…the markets are setting themselves up and discounting the next QE2. They will not disappoint the markets.”
Roach went on the say that “Jon Hilzenrath [of the Wall Street Journal] is actually the chairman of the Fed. When he writes something…Bernanke has no choice but to deliver on what he wrote.”
While many on Wall Street aren't sure it's the right time to jump back into bank stocks, J.P. Morgan CEO Jamie Dimon feels it's the right time to dip his toes into the water and backed it up with a big purchase of JPMorgan shares.
John Mauldin, President, Millennium Wave Investments believes that QE2 was a "wasted bullet" that has decreased the significance of further easing.
 | Single Best Chart: Are Analysts Too Bullish? Bloomberg's Scarlet Fu finds that Wall Street is usually too optimistic on S&P; |
 | "Spending Ourselves Into Oblivion" Reason Magazine editor-in-chief Matt Welch on the fiscal cliff’s impact on the economy. |
 | More Money, More Problems? Forbes Media Chairman Steve Forbes offers his views on whether further money printing |
