Juggling Dynamite

Harvard economics professor and debt cycle historian Ken Rogoff discusses the fiscal cliff negotiations and the global economy. Here is a direct link to his full 23 minute segment on Charlie Rose last night. The below clip is a short sample of the longer discussion.

There is no question that low volume trading has ramped the broad markets again the past two months. The fact that cycle leaders like the resource-focused Canadian Venture Exchange and Shanghai Composite have not joined in on the party, should give want-to-be-bulls a queasy feeling in their tummy. But then again, why let facts or warning signs interfere when so many people say they are feeling so confident about 2013. Party on Garth.

Source: Cory Venable, CMT, Venable Park Investment Counsel Inc.

It’s still too soon to call a bottom in housing, much less the start of a boom, says Yale University economist Robert Shiller. Here is a direct link.