Juggling Dynamite

Even while the US dollar Index has weakened over the past week on the prospects of continued QE, the Canadian dollar has weakened twice as much, reflecting a shaky outlook for Canada’s over-indebted domestic economy and falling global demand for our exports. In historically typical fashion, the Bank of Canada that had been unduly bullish over the past 2 years, yesterday threw in the towel.

Canada’s central bank lowered forecasts and even raised the possibility it could cut its trend-setting interest rate, Havard Gould reportsHere is a direct video link.

Mark Spitznagel, Universa Investments founder, expects a 40 percent drop in the markets within a year. To invest in today’s market he says you have to “step aside; best investment is to sit earning zero.” Here is a direct video link.

Alan Greenspan, former Federal Reserve chairman, and “The Map and the Territory,” author, shares his thoughts on how human nature influences economics. Here is a direct video link.

Good job there is no leverage bubble in stock prices today eh? No risks obvious in this data chart…right? See more: NYSE Margin debt is rising once again.