Juggling Dynamite

Danielle was a guest today with Phil Mackesy of Talk Digital Network, discussing recent trends in the world economy and markets. You can listen to an audio clip of the segment here.

“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 market today, realize these comments are equally applicable to stocks at present levels, for all of the same reasons. Although CNBC and the financial-tainment world are much less tolerant of anyone uttering such warnings about their bread and butter: stock speculation.

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 now at the highest level since 2010 just before the Fed’s anxious QE experiments knocked the greenback lower. With the Euro, Yen and Canadian dollar all falling(Canadian manufacturing sales for March disappointing this morning, down for 3 of the past 4 months), no economies are looking immune from the global recession.

Peter Bofinger, economist from the German Council of Economic Experts, tells CNBC that he is concerned that the worst of the euro zone crisis is not over and it is spreading to the core. Here is direct link.