Barton Biggs, managing partner at Traxis Partners LP, talks with Bloomberg's Matt Miller and Carol Massar about the U.S. economy and his investment strategy. Biggs, who recommended buying U.S. stocks in March when benchmark indexes sank to the lowest levels since the 1990s, said he favors equities given the rebounding economy.
Biggs thinks the US economy is recovering very strongly, so are those of many countries in Asia.
Responding to the first sign of tightening in China, Biggs advises people to put things in perspective: if an economy is growing at 11%, you ought to apply some brake.
Biggs points out that there is a new national sport of bubble watching, but he does not see any. He thinks the 10-year treasury is exactly where it should be.
Biggs is pretty much fully invested so he did not buy on the dip last week.
Among other things, Biggs mentioned technology, drug companies, the ETF for REIT Industry, and big oil companies are attractive.
(Source: Bloomberg)
Biggs thinks the US economy is recovering very strongly, so are those of many countries in Asia.
Responding to the first sign of tightening in China, Biggs advises people to put things in perspective: if an economy is growing at 11%, you ought to apply some brake.
Biggs points out that there is a new national sport of bubble watching, but he does not see any. He thinks the 10-year treasury is exactly where it should be.
Biggs is pretty much fully invested so he did not buy on the dip last week.
Among other things, Biggs mentioned technology, drug companies, the ETF for REIT Industry, and big oil companies are attractive.
(Source: Bloomberg)
