Julian Robertson on Debt, Sudden Stops and More

A highly worth-watching half-hour interview today with Julian Robertson, the eminence grise of the hedge fund industry.

[via FMF]

Comments

[Ellen:]

This was excellent. Thanks for sharing. I have utmost respect for Julian Robertson. Who knows some good vehicles, or the easiest way, for owning Norwegian Krone?

Sep 25 10:45 AM

[anarchist:]

Everbank an online Bank that I have used for years sells Krone CDs, you can get the scoop on all their CDs at Everbank.com and look under "products".


On Sep 25 10:45 AM Ellen wrote:

> This was excellent. Thanks for sharing. I have utmost respect for
> Julian Robertson. Who knows some good vehicles, or the easiest way,
> for owning Norwegian Krone?

Oct 03 02:03 PM

[CaptainJJack:]

I was very impressed with both Julian Robertson and the CNBC interviewer.

While I agree with the direction of his predictions, I think it could be a while before we see the things he worries about.

The dollar is the world's trading currency. It is difficult to see how trade would occur outside of the US without the something like the dollar, especially if the transaction involved credit.

Since debt we incur with both China and Japan is seller financing, I expect the first thing they would do is let their currency appreciate relative to the dollar to slow down the accumulation of dollars.

Oct 04 02:15 PM

[Hedged In:]

Excellent interview -- Julian Robertson is a rock star.

But I'm left wondering: Why would China want to cause a collapse in the dollar, ie. a collapse in the foreign purchasing power of Americans? That would lead to a collapse of US imports from China.

Oct 04 05:14 PM

[Fighting Yoda:]

Here is the summary of the nice inteview -
- "lot more pain to come in US" - Agree
- "interest rates can shoot up to 15-20% IF Chinese, Japanese stop buying our debt" - Agree
- "Short commodities" - Agree
- "can't have war and tax cuts at the same time (criticism of Bush)" - Agree
- "US should go through pain if it wants to solve its structural problems" - Agree
- "Short bonds" - Disagree

Oct 05 01:32 AM