It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
In a moment of clarity, Tiger's Julian Robertson educates the money-honey on just how bad things are. Robertson started by trumpeting how bad macro is everywhere, moved on to Europe being in a 'state of financial collapse', likes shorting weak European currencies (Hungarian Forint) and warns of the possibility of a rapid rise in interest rates in the US. He is positive on NOK, thinks Canada is a 'very well run country', is a buyer of US large cap tech (citing GOOG and AAPL specifically), and sees Visa/Mastercard growing at 20%+ per year for some time.
The macro is so bad everywhere. in america, our political leadership is doing nothing to really help us get out current situation. Worldwide, Europe is just in a state of financial collapse and as we speak, that's happening. So i think we are in plenty of trouble and we've got to really watch ourselves carefully.
Oh, yes. Well, i think the euro has already had a significant decline. i think that the weak currencies in europe are -- and i'm committed to this, are still good shorts. things like the hungarian florent, those type of things, i think, carry a lot of risk with them. and i would be -- am short those kind of things.