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