Jobless Rate Actually Stands at 11.5%: Roach

Official data showed U.S. jobless rate in February remain unchanged at 9.7% but Stephen Roach, Asia chairman at Morgan Stanley, believes the real number actually stands at 11.5%. He explains why this discrepancy, with CNBC’s Martin Soong, Karen Tso & Sri Jegarajah.

Source – http://www.cnbc.com/id/35758582

Brace for Another Financial Crisis

Another financial crisis is on the way and it will be triggered by writedowns related to commercial real estate, credit cards and student loans, says Kirby Daley, senior strategist at the Newedge Group. He explains to CNBC’s Martin Soong and Sri Jegarajah.