I have always been a keen follower of trends in the art world as these often provide clues regarding the economic cycle. A recent interview of Edward Dolman, chief executive of Christie’s International auction house, by Richard Milne of the Financial Times is therefore of particular interest.

Part 1: On art world recovery Dolman talks about how quickly he sees the art world recovering from the current downturn.

Click here or on the image below the view Part 1 of the interview.

Part 2: On shift eastwards Power in the art world has shifted eastwards in the current crisis. Dolman explains how large this move has been.

Click here to view Part 2 of the interview.

Part 3: On economic recovery Dolman discusses his expectation for the shape of economic

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I have always been a keen follower of trends in the art world as these often provide clues regarding the economic cycle. A recent interview of Edward Dolman, chief executive of Christie’s International auction house, by Richard Milne of the Financial Times is therefore of particular interest.

Part 1: On art world recovery Dolman talks about how quickly he sees the art world recovering from the current downturn.

Click here or on the image below the view Part 1 of the interview.

Part 2: On shift eastwards Power in the art world has shifted eastwards in the current crisis. Dolman explains how large this move has been.

Click here to view Part 2 of the interview.

Part 3: On economic recovery Dolman discusses his expectation for the shape of economic

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Bill Bonner (The Daily Reckoning) In the short run, it might have enough life in it to bite investors on the derrière

London , England

We got back from South America on Friday… ready for a rest. So, we spent the weekend reading… and occasionally, thinking.

What we’ve been thinking is that the dollar is dead meat in the long run. But in the short run, it might have enough life in it to bite investors on the derrière.

The US stock market rose 73 points on Friday, to bring the Dow just 30 points south of the 10,300 mark. Why is this level important? It’s not really. But it reminds us that this is still just in “bounce range.” Big drops in stock prices are followed by bounces – always. A bounce of 50% of what was lost is not unusual. That’s what

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Why are the prices of so many commodities rising in an economy that seems to remain quite weak?

% change butter35 coffee21.8 cocoa20.2 copper89.1 corn-8.3 cotton38.6 gold32.1 hogs2.7 oats13.4 oil63.2 lead81.9 palladium75.9 platinum61.7 silver59.1 steel-0.9 sugar73.6 tin22.5 wheat-26.6 zinc55.4 average37.4 euro12

The table at the right summarizes the percent change between January 6 and November 11 in the cash prices of 19 commodities reported in the Wall Street Journal (downloaded via Webstract). The average commodity in this list has appreciated 37% since the start of the year.

A recent paper by Ke Tang and Wei Xiong documents an increasing tendency for commodity prices to move together over the last few years. A decade ago, what happened to oil prices was largely unrelated to movements in most other commodity prices. The graphs below show how the correlations between oil prices and

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John Riding, chief economist of RDQ Economics in New York, sits down with Michael Mackenzie, US markets correspondent of the Financial Times, to discuss Fed policy, inflation versus deflation and the US employment outlook.

Part 1: On Fed policy Riding says the Federal Reserve will not raise interest rates until 2011 at the earliest. He says an extended period of easy monetary policy is laying the ground for the next bubble and that the Fed itself is engaged in the biggest carry trade out there through its policy of quantitative easing.

Click here or on the image below to view Part 1 of the interview.

Part 2: On the inflation versus deflation debate Riding says the debate between inflation and disinflation or potentially even deflation will be settled on the side of

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Lindsay Whipp of the Financial Times sits down with Jim Rogers in Tokyo for a four-part interview covering the US dollar, China, commodities and crisis-related issues.

Part 1: Rogers sees brief dollar rally He says he has increased his dollar holdings in anticipation of a rally in the US currency, but the dollar is still broadly set for a lasting decline.

Click here or on the image below to view the video clip.

Part 2: Rogers still a China bull He says he’s not buying Chinese stocks, but sees the renminbi rising despite its effective peg to the dollar.

Click here to view the video clip.

Part 3: Rogers backs commodities for the long run. He says he’s fully expecting another leg up in commodities, and that real assets represent

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Lindsay Whipp of the Financial Times sits down with Jim Rogers in Tokyo for a four-part interview covering the US dollar, China, commodities and crisis-related issues.

Part 1: Rogers sees brief dollar rally He says he has increased his dollar holdings in anticipation of a rally in the US currency, but the dollar is still broadly set for a lasting decline.

Click here or on the image below to view the video clip.

Part 2: Rogers still a China bull He says he’s not buying Chinese stocks, but sees the renminbi rising despite its effective peg to the dollar.

Click here to view the video clip.

Part 3: Rogers backs commodities for the long run. He says he’s fully expecting another leg up in commodities, and that real assets represent

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Chrystia Freeland, US managing editor of the Financial Times, interviewed George Soros, the legendary fund manager, about the state of the world economy, relations between the US and China, his investment performance and regulating bankers’ compensation. A link to the transcript of the interview follows at the end of the post.

Part 1: The world economy and currencies

Click here or on the image below to view the video.

Part 2: The 2008 crisis

Click here or on the image below to view the video.

Part 3: Financial reform

Click here or on the image below to view the video.

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This post provides links to a number of thought-provoking articles I have read over the past few days that you may also find of interest.

• Evans-Pritchard (Telegraph): German “wise men” fear credit crunch in 2010, October 15, 2009. Germany’s leading institutes have warned that the pace of economic recovery is “unsustainable” and that the country’s banks may face a fresh crisis over the next year as bad debts surface in earnest.

• Lasse Heje Pedersen (NYU Stern School of Business): When everyone runs for the exit, August 2009. The dangers of shouting “fire” in a crowded theater are well understood, but the dangers of rushing to the exit in the financial markets are more complex. Yet, the two events share several features …

• Anthony Bolton (Financial Times): Are developed or emerging markets the future of investing? October 16,

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In this three-part video interview, Julian Robertson, chairman and CEO of Tiger Management, talks with Chrystia Freeland, US managing editor of the Financial Times, about US debt, China, lessons from the tech bust, the future of hedge funds, gold stocks, taxes and regulations. Good stuff!

Part 1: On the economy and inflation

Click here or on the image below to view the video.

Part 2: On market cycles and hedge funds

Click here or on the image below to view the video.

Part 3: On gold, Norway, and taxes

Click here or on the image below to view the video.

Source: Chrystia Freeland, Financial Times (

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