Al Martin of almartinraw.com has written an article about an interview on CNBC with the renowned funds manager Julian Robertson. Julian Robertson formerly ran Tiger Management, the world's largest hedge fund. Al Martin says the interview took place on the 24th of May 2004.
Al Martin said "‘Never Been Wrong’ Robertson. He has predicted every economic cycle, every debacle, every bull market, and every bear market. Of course, he’s a very old man now. But his reputation on the Street is like nothing you could imagine. When the segment of his interview was through, his comments alone took the Dow Jones down 50 points. Just on his comments alone. That’s how powerful this man’s reputation is."
Al Martin quotes Julian Robertson talking about a coming global economic collapse he predicts.
You can read that article at almartinraw.com
We have found an interview from the 24th of May with Julian Robertson
on CNBC which is very different to the one that is quoted on
Watch Julian Robertson Interview on CNBC posted at the Wall Street Journal apparently from the 24th of May
Here is some of what Julian Robertson said in the video :
He said "I am more disturbed than I have ever been in my investment
life about what lies ahead, the American consumer has driven the world
and the American consumer is out of gas and he is also involved in a
housing bubble that puts his very dwelling at risk, and it worries me
about what lies ahead because I don't see any easy way out.
I really don't know. I think that there will be an effort made to inflate
our way out. I think that effort is being made, has been made and
that's why the dollar has weakened so much against other
Perhaps Al Martin watched a different interview?
If you want some solid information on the real potential for a Global
Economic Collapse vist the following websites:
You can read more about the coming Perfect Financial Storm at financialsense.com
You can read more about the coming collapse of the US DOLLAR at dollarcollapse.com
You can read more about the American Consumer running out of gas at peakoil.com
For current gold prices in 23 national currencies in grams, ounces and kilos, gold commentary and information on how to buy gold visit goldprice.org.