Nobel Prize-winning Economist Joseph Stiglitz says the U.S. economy is currently operating in “trickle-up” fashion, with increases in wealth going to the wealthiest Americans and middle- and lower-income people struggling,…
Category: Economy
El-Erian: Fed Using Cyclical Medicine To Treat Structural Problem
PIMCO’s Mohamed El-Erian says central banks are continuing down a path that has an incredibly bifurcated set of outcomes. “Rather than step back and ask why (the measures have not…
Rosenberg Doubtful Of Housing Recovery's Legs
The U.S. housing recovery has encouraged many investors in recent months, but Gluskin Sheff & Associates Chief Economist David Rosenberg isn’t sure the rebound has legs. Rosenberg tells CNBC that,…
Shiller On The Inscrutability Of Confidence
Confidence: It’s one of the main drivers of economies and stock markets. But as Yale Economist Robert Shiller points out in a recent New York Times column, we still know little…
Grantham Talks Growth, Markets, and More
GMO’s Jeremy Grantham recently sat down for a lengthy interview with Charlie Rose, and offered a number of interesting takes on the economy and stock market. Grantham says that the…
Hedge Fund Guru: Revamp Entitlements, Or New Crisis Will Be Worse Than '08
The usually low-profile Stan Druckenmiller, who was one of the best hedge fund managers of the past few decades, is speaking out about entitlement programs, saying that runaway spending on…
Heebner's Bold Bet On The U.S. Economy
Ken Heebner — whose CGM Focus fund has had its major ups and downs in recent years, but is in the top 1% of its class over the past 10…
Siegel Sees Housing Driving Economy For Rest Of Year
Wharton professor and author Jeremy Siegel says he thinks the improving housing market will push the economy higher in 2013, with the improvement accelerating as the year goes on. Siegel…
Buy If A Correction Hits, Sonders Says
Charles Schwab Chief Investment Strategist Liz Ann Sonders says she remains optimistic on the United States, and thinks that stocks look attractive for long-term investors. “Stock market resiliency continues to…
Cohen: Companies To Use Cash in 2013
Goldman Sachs’ Abby Joseph Cohen says 2013 will be the year when companies begin to put their piles of cash to work. Cohen tells Bloomberg that she’d like to see…