Michael Novogratz principal and director at the $41.6 billion alternative investment firmrnFortress Investment Group, sounds more like a China bear than a fire-breathing dragon these days. "If s time to start worrying a little bit about Asia," he told attendees at the SkyBridge Alternatives (SALT) Conference in Las Vegas last month. "And if we worry a bit about Asia, it puts the whole global growth story into question." Novogratz said the world is headed for a bumpy recovery and that if China does not move quickly to revalue its currency, as the U.S. has been pressuring It to do, the recovery will be all the bumpier. "You can atmost rest assured there will be a trade war that starts within the next six weeks," he sald.
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