(GuruFocus, July 14, 2009) Traxis Partners Managing Director Barton Biggs was interviewed by Bloomberg. Here are my notes:
Here is the video:
1. China is where you want to use your money
2. Disputes that the assertion that emerging market is expensive
3. Investing in stocks cheap in relationship to their earning in the next 12 months
4. There is going to problems in China, but we are too early to worry about that kind of problem
5. No longer opportunity in 10 year treasure after recent runup
6. Thinks S&P500 Index will be 1000 or a little higher
7. Not concerned unemployment is a leading indicator rather than a lagging indicator.
8. Buying tech stocks in the US
9. Buying Asia stocks, China and HongKong after 10% pull back
10. Buying Japan
11. Leading economic indicators show we are going to have a “U” shaped recovery.
12. After recovery, we will go back to a “New Normal” kind of trend line of 1-2% annual growth. But we are far from trend line
13. The biggest risk will be something will drive oil price or the yield for treasury rate.
Here is the video:
