Tiger's Robertson "Europe In State Of Financial Collapse"

[Ares]

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 full interview is embedded below, and while some is group-think, he is very clear on where he sees risk and return potential in the world.


http://plus.cnbc.com/rssvideosearch/action/player/id/3000045421/code/cnbcplayershare

Bad (from Bloomberg):

*TIGER'S ROBERTSON SAYS `MACRO IS SO BAD EVERYWHERE' :285691Z US

*TIGER'S ROBERTSON SAYS EUROPE IN `STATE OF FINANCIAL COLLAPSE'

*TIGER'S ROBERTSON SAYS EXPECTING GREEK DEFAULT :285691Z US (and is worried for Portugal and Italy also)

*TIGER'S ROBERTSON SAYS WORTH SHORTING WEAK EURO. CURRENCIES

*TIGER'S ROBERTSON SAYS HUNGARY'S CURRENCY `LOT OF RISK': CNBC

Neutral:

*TIGER'S ROBERTSON HASN'T LOOKED AT FINANCIAL INVEST.: CNBC

Good:

*TIGER'S ROBERTSON SAYS LONG NORWAY CURRENCY: CNBC :285691Z US

*TIGER'S ROBERTSON SAYS CANADA `VERY WELL RUN COUNTRY'

*TIGER'S ROBERTSON SAYS SINGAPORE DOLLAR `AS STRONG AS CAN BE'

*TIGER'S ROBERTSON SAYS GOOGLE `VERY ATTRACTIVE' :285691Z US

*TIGER'S ROBERTSON LIKES APPLE: CNBC :285691Z US, AAPL US

*TIGER'S ROBERTSON: VISA MASTERCARD TO GROW 20%+ `FOR SOME TIME'

And for those looking to participate in Julian's FX trade views - here is HUFNO

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2011/09/20110913_HUFNOK_0.gif

http://www.zerohedge.com/news/tigers-robertson-europe-state-financial-collapse

[platinumdude]

Interesting that he didn't mention PMs once. If our interest rates shoot up, PMs will shoot up as well, I would think. I think bank interest rates would go up some also.

[Spectrism]

Why would US interest rates go up?

Does anyone think we are relying on the mythical "free market" to buy US Treasury debt? That stopped years ago. The federal reserve is buying that trash and keeping interest rates low. If they did not, the façade would fall off the illusion of this economy and reveal the greatest depression we now have. Even a slight increase in interest rates would shut down businesses, further unemployment and stall any economic activity.

This is one of the benefits of having a reserve currency and being independent (kind of) from other national currencies. We can fake it till we break it.

[mamboni]

Isn't that guy Goldmember? "I'm your fasha! your fasha!"