Hey everybody. Guess what's wrong with the economy?

鈥淣ever Been Wrong Robertson鈥?- Julian Robertson Predicts Utter Global Collapse Stemming From Bursting of Property Bubble
Legendary Funds Manager Julian Robertson Predicts Utter Global Collapse Stemming From Bursting of Property Bubble
Posted by the analyst under Economies, Financial Markets

In a recent interview on CNBC with Ron Insana, one of the 鈥渙ld-timer鈥漟unds manager, Julian Robertson, predicted 鈥渦tter global collapse鈥?as a consequence of the bursting of the world-wide property bubble.

Often called 鈥淣ever Been Wrong Robertson鈥? the former head of Tiger Management (once the largest hedge fund in the world), is extremely worried about the speculative bubble in real estate.

Specifically, he is very worried about a world that is sustained by American consumer spending which is in turn 1/4 sustained by a property bubble. He predicts that 20 million people could lose their homes once the property bubble bursts.

Looks like someone's short the market. Way to try to scare people, especially here, where a lot of people don't know what they're doing, and cannot always differentiate between fact and opinion . Just a thought, but I'm pretty sure this is called Yahoo! Answers, as in, you have to ask a question for others to answer, not use a question in the title then write a story for people to comment on. Just remember, the more someone's right, the higher the odds that they are going to be wrong at some point, as nobody can accurately predict the market consistently. Go post that on the Yahoo! Finance message boards, at least then you might have an audience that has stocks to sell. Scaring people who are trying to learn how to invest doesn't do much good, as they likely have no stocks to sell. Plus, at least there, people learn to avoid posts like these, as the "utter global collapse" was justified by two sentences. Was this article written before it was announced that many of the major banks are going to work with borrowers with ARMs to try to prevent them from going into foreclosure? The least you could do is provide some context, as this little blurb means very little on its own.

Thanks,

Brendan Prewitt

plain and simple, people were getting property that was way out of the league, this generation is a very me type of generation, there is no savings this generation spend more than what the incoming income is so when something major happens there is no safety net.

This is mostly a problem for lenders trying to sell homes no longer worth the mortgage. If they have to sell at bargain basement prices, then someone will have benefited as much as someone has lost.

I know, one hand in hot water and one on ice does not average out to comfort. But in this case we will be getting the payoff for years of having interest rates too low. Japan hit this wall a few years back, and after lots of suicides, has recovered from the fiasco.

There will be serious problems for people owning bank stocks, even bank bonds, as those too are used to guarantee depositors' money when the bank loses. Oh well, it is just money!

That is disturbing...Adjustable Rate Morgages (ARMs) are going to further exasorbate the housing crisis....tomorrows Retail Sales number will help confirm whether or not we are in fact currently in a recession...

OH SURE I WOULD TRUST HIM

Tiger Management Corp. was a hedge fund founded by Julian Robertson. With $10.5 billion under management in 1997, it was the second largest hedge fund in the world at the time.[1] It closed down in 2000 due to poor performance of value stocks amid the late 1990's internet boom.


"It closed down in 2000 due to poor performance "!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!...

NOTHING is wrong with the economy for those who know how money works. They send their money out to work for them instead of them working for their money.

There are consumers sellers and investors Most consumers are working people who live paycheck to paycheck and are Just Over Broke. The sellers are the suppliers that are keeping you broke. The wealthy are those who invest their money into several businesses via the stock market

the world economy is stronger than it used to be.....plenty of consumers in China, Indonesia and India coming on line to take Americans place as big-time consumers. That will blunt this situation quite a bit.