Posted by: gurufocus (IP Logged)
Date: September 26, 2009 03:19PM
This is the unofficial transcript of a CNBC EXCLUSIVE interview with Julian Robertson, Tiger Management Chairman, today on CNBC’s “Street Signs.”
ERIN BURNETT: It was almost two years ago today, not quite, but almost, when you said we were in for a doozy of a recession. And a lot of people– were angry at that. Why would this person be so negative? There was a lot of discussion about it. But you were right. Are we done now?
JULIAN ROBERTSON: Well, it’s– you know, I think kind of a matter of probabilities. And– I think we’re in for some real rough sledding. I don’t know quite how it’s gonna come about. I really do think the recession is– at least temporarily over. But we haven’t– addressed so many of our problems. And– we are borrowing so much money that we can’t possibly pay it back, unless the Chinese and Japanese buy our bond.