Stephen Roach Calls Euro System `Ponzi Scheme'
June 28 (Bloomberg) -- Stephen Roach, a professor at Yale University and former non-executive chairman for Morgan Stanley in Asia, talks about the European debt crisis and the outlook for the euro. Roach, speaking with Tom Keene, Ken Prewitt, Sara Eisen and Scarlet Fu on Bloomberg Television's "Surveillance," also discusses the U.S. economy. (Source: Bloomberg)
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Watson: Data Suggests U.S. Economy Is on a Robust Path
45:23 - The boards of directors at eight of the 12 regional Federal Reserve banks sought last month to increase the rate on direct loans from the Fed to 1.25 percent from 1 percent, according to details released by the U.S. central bank Tuesday. The votes mark the first time since policy makers raised the benchmark federal funds rate in December that a majority of the Fed’s regional boards backed a discount-rate increase. The votes can be a signal of whether a bank’s president favors a change in the main policy rate. BlackRock Global Bond Strategist Marilyn Watson discusses with Bloomberg's Anna Edwards on "Countdown."