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ROBERTSON: GREECE WILL DEFAULT, “MACRO IS SO BAD EVERYWHERE”

Hedge fund guru Julian Robertson was on CNBC this afternoon to discuss the state of the global economy. ┬áHe says we are “in plenty of trouble” and that Greece is certain to default. He sees a great dichotomy between the macro and the micro. In general, he is bearish about the global economy, but sees opportunities.

On the bullish front, Robertson is bullish the Norwegian Krona, Singapore Dollar, the Canadian Dollar and believes the “great technology companies” in the USA provide a “fabulous” opportunity. He is bullish Apple, Google and US tech in general. He is also very bullish on Mastercard and Visa.

He says Washington policy is just trying to remain in power rather than provide real solutions. In other words, the politicians are just focused on getting re-elected.

Unfortunately, he perpetuates the old myth that foreigners fund our spending and could cause a bond market collapse if they were to sell our debt….

Source: CNBC

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