A Troubled Asset Relief Program for euro members is the region’s best bet for fiscal recovery following a Greek election that “didn’t really fix anything,” according to High Frequency Economics founder Carl Weinberg.
Unemployment near 10 percent in Europe will weigh on workers’ wages, preventing a sustained surge in prices, said Carl Weinberg , chief economist and founder of High Frequency Economics Ltd. in Valhalla, New York.
The $1.4 trillion European rescue plan “is an unfunded program that will be the basis of a depression” for the euro-region, according to Carl Weinberg, founder and chief economist at High Frequency Economics.
Carl Weinberg, chief economist at High Frequency Economics, says there is an increased risk of a global financial crisis. Weinberg talks to Bloomberg's Kathleen Hays on "The Hays Advantage" on Bloomberg Radio.
Bond yields will fall this week amid “suspicion” about bank stress tests in the euro region and as weak economic data spurs demand for safer assets, said Carl Weinberg , chief economist of High Frequency Economics.