Posts filed under “Economy”
Julian Robertson predicts trouble ahead (May 2005):
click for video
"I am more disturbed than I have ever been in my investment life."
He believes the U.S. consumer is all but exhausted (see yesterday’s comments on the same subject) , that the effort will be made to "inflate our way out."
He notes a soft landing is possible, but ala Japan, it could involve years of flat or no growth.
Hat tip: Random Roger