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Julian Robertson Wonders: "Who Will Lend Us The Money?" (Video)

  • "It's almost Armageddon if the Japanese and Chinese don't buy our debt.”
  • “It's not a question of the economy. It's a question of who will lend us the money if they don't. Imagine us getting ourselves in a situation where we're totally dependent on those two countries. It's crazy.”
  • “If the Chinese and Japanese stop buying our bonds, we could easily see [inflation] go to 15 to 20 percent."
  • “The other thing is, they're buying almost exclusively short-term debt. And that's what we are offering, because we can't sell the long-term debt. And you know, the history has been that people who borrow short term really get burned.”
  • "The U.S. has to quit spending, cut back, start saving, and scale backward.  Until that happens, I don't think we're anywhere near out of the woods.”


Julian Robertson, chairman of Tiger Management tells the truth about spending, deficits and the national debt to CNBC's wide-eyed Erin Burnett.

Complete transcript is available here.


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Reader Comments (7)

The Fed bought more than 50% of all US Treasuries in the second quarter...

How do I spell monetization...?...F-E-D...
Sep 29, 2009 at 6:44 AM | Registered CommenterDailyBail
Sep 29, 2009 at 6:45 AM | Registered CommenterDailyBail
Zoellick Says U.S. Dollar’s Primacy Not a Certainty
Sep 29, 2009 at 6:46 AM | Registered CommenterDailyBail
World Bank Head Sees Dollar’s Role Diminishing
Sep 29, 2009 at 6:47 AM | Registered CommenterDailyBail
U.S. Debt Crisis May Cause ‘Fall of Rome’ Scenario, Duncan Says
Sep 29, 2009 at 6:55 AM | Registered CommenterDailyBail
Sep 29, 2009 at 7:43 AM | Registered CommenterDailyBail
"And you know, the history has been that people who borrow short term really get burned.” -----Julian Robertson

"Everybody knows when you starting to borrow money just to pay interest, you're fucked." ------walstreetpro2
Sep 30, 2009 at 1:33 AM | Unregistered CommenterJames H

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