Fortress' Michael Novogratz Appears On CNBC (FIG)

Fortress Investment Group (NYSE: FIG) hedge fund manager, Michael Novogratz appeared on CNBC this morning to talk with David Faber. Novogratz said that he is short commodities and short the Australian Dollar. He also said that over time uncertainty in the capital markets will impact growth around the world.

He also said that he thinks that the problems in the Euro zone may already be priced into the market. In addition, Novagratz indicated that he thinks China may be starting to slow down, as he pointed out that the markets tend to lead economies, and the Chinese stock market is trading at six month lows.