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Monthly Archives: May 2013
“Art in 100% bubble today”
“The expense of art has gotten crazy,” said Michael Novogratz, Fortress principal & director, explaining how to spot a bubble in the market. Here is a direct link. As Novogratz explains the obvious Central Bank built bubble in the art … Continue reading
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Europe’s longest recession ever still spreading
As stocks strive to whistle past the grave yard yet another day, the US dollar and US bonds continue to attract liquidity focused, relative “safe haven” capital flows. Precious metals are not. Touching 83.90 today, the US dollar Index is … Continue reading
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Vultures begin to circle on Canadian housing downside
Seems like hardly a week goes by now, without at least one international think tank or commentator talking about lofty-looking Canadian realty prices and the over-exposure of Canadian banks and taxpayers via the CMHC underwriting of high leverage loans. Stats … Continue reading
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