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Julian Robertson Interview on CNBC |
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Written by Administrator
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Friday, 16 October 2009 |
Erin Burnett interviews Julian Robertson about his views on the economy and stock market..
Julian Robertson told Erin Burnett in an interview on CNBC that his biggest worry is that the Japanese and even maybe the Chinese stop buying our debt in the form of treasuries. Worse yet, a reversal to selling would mean disaster for the U.S. and the dollar, with 10-20% inflation likely, following the inevitable crash of course. The main concern is around the extremely high debt incurred by the U.S. in recent years.
The stocks that Mr. Robertson favors at this time are: Visa, Mastercard, Apple, Bidu, and Google. He also believes that stemcell research may hold promise for investors as well.
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Last Updated ( Friday, 16 October 2009 )
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