In this three-part video interview, Julian Robertson, chairman and CEO of Tiger Management, talks with Chrystia Freeland, US managing editor of the Financial Times, about US debt, China, lessons from the tech bust, the future of hedge funds, gold stocks, taxes and regulations. Good stuff!

Part 1: On the economy and inflation

Click here or on the image below to view the video.

Part 2: On market cycles and hedge funds

Click here or on the image below to view the video.

Part 3: On gold, Norway, and taxes

Click here or on the image below to view the video.

Source: Chrystia Freeland, Financial Times (

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Julian Robertson, Tiger Management founder and chairman, is always worthwhile listening to. I somehow missed his appearance on CNBC last week, but the content is still as topical as a few days ago. My apologies for the delay.

The US is too dependent on Japan and China buying up the country’s debt and could face severe economic problems if that stops, Robertson told CNBC.

“It’s almost Armageddon if the Japanese and Chinese don’t buy our debt,” Robertson said in an interview. “I don’t know where we could get the money. I think we’ve let ourselves get in a terrible situation and I think we ought to try to get out of it.

“If the Chinese and Japanese stop buying our bonds, we could easily see [inflation] go to 15-20%,” he said.  “It’s not a question of the economy. It’s a question of who will lend us the money if

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Hedge fund legend Julian Robertson is betting the farm against long-dated US Treasurys. As Notes readers will be aware, we have been banging the drum on the vulnerability of long-dated US debt for over a month now. But Robertson, of Tiger Management fame, has a different way to make this short long-term Treasurys play (hat [...]

Hedge fund legend Julian Robertson is betting the farm against long-dated US Treasurys. As Notes readers will be aware, we have been banging the drum on the vulnerability of long-dated US debt for over a month now. But Robertson, of Tiger Management fame, has a different way to make this short long-term Treasurys play (hat tip Market Folly).

Robertson is shorting long-dated US debt using something called a steepener swap play. Although the mechanism of this trade may be unfamiliar, at heart it’s a simple bet on inflation.

Robertson reckons inflation could easily hit 7% and that it could even reach 18%. Again, Notes readers will be familiar with this market script. This from eFinancialNews:

Steepeners are a type of interest rate swap, where one party agrees to pay the other a fixed rate in exchange for

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Julian RobertsonJulian Robertson Interview VideoQuick Link: Hedge Fund VideosBelow is a short video with Julian Robertson. If you are viewing this post via my daily hedge fund newsletter please click here to view it on my website now.Some quotes from this video:

“America is a like a family who over-spent for years.. has to de-lever itself.. take a long, long time for that to be completed.. I look for a long tough period for the American people”

“I am not positioned long… I am short personally quite a bit”

“So far I don’t think we had the blow to the economy that will eventually obviously come from the wealth devastation that’s occured the last several months”

“General de-leveraging will be a strain on the economy for a

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This post is a guest contribution by David Shvartsman who blogs about big-picture trends on the Finance Trends Matter site.

Today’s post focuses on areas of investment that are starting to look attractive to seasoned investors.

Some of the well-regarded market veterans you’ll hear from on this topic are Julian Robertson, Jeremy Grantham, Jim Rogers and John Paulson.

Whether you’re currently bullish or bearish on stocks and other asset markets, we think you’ll find some interesting points of views expressed here. Let’s jump right in …

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There are only a few global-minded investors I really listen to when it comes to gaining insight on the markets. Most of today’s money managers are too mainstream and remain obsessed with beating their benchmarks. What a waste of time. My favorite market seers in Europe include Marc Faber and Felix Zulauf.

I’ve been following Felix Zulauf’s career for about 15 years. In 1990, he founded Zulauf Asset Management AG in Zug, Switzerland. He currently manages money for global investors in the Zulauf Europe Fund, which is actually profiting during this disastrous year. Zulauf was bearish starting in 2006 and positioned his funds accordingly.

The ‘Soft’ Depression

Zulauf believes we’re entering a soft economic depression. If not for the government’s backstops on October 13 to prevent further stock and credit market seizures, a depression would have followed. Zualauf is convinced the markets would have crashed.

His prediction of a severe recession will take the

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Julia RobertsonJulia Robertson | Hedge Fund Notes

This post is being published as part of our Hedge Fund nvestment Securities Tool.

Monday (10/13) on CNBC, Julian Robertson, legendary investor and founder of notable hedge fund Tiger Management revealed some purchases he made in the market carnage last week. His buys included:

Apple (AAPL)Microsoft (MSFT)Baidu (BIDU)Mastercard (MA)Visa (V)Ryan Air Holdings (RYAAY)His argument, being a notable value player, was that these equities were trading at very favorable prices. Yet, at the same time, he curiously noted that he thought the US was just now entering into a period of prolonged recession (possibly 10-15 years). He thinks that this time around, consumers are broke and will be forced to cut their spending. Interesting thoughts when you compare them to the purchases he just made.Guest post by Market ...

Yeah, they’re tossing everything they’ve we’ve got at markets. Lloyd Bridges line from the movie Airplane may be what we all need right now eh?

With markets deeply oversold we rallied mightily on the backs of coordinated efforts from global monetary authorities. So that’s the bottom then right? Well, one day doesn’t make a trend. But, it’s enough to get out of their way. There’s no sense rope-a-doping unless you’re really stubborn. We’re flat thankfully but then tomorrow’s another day.

From the headline you might think this was a 90/10 positive day as shorts were squeezed, but I can’t confirm that based on the data I’m seeing. The only flaw is that volume isn’t as heavy as previous sell-offs. But, no matter how you slice it an 11% plus up day is spectacular and that …

Maverick CapitalMaverick Capital Management Holdings AnalysisThis post is being written as part of HedgeFundBlogger.com's Investment Securities Tool which analyzes the holdings of hedge fund managers.Lee Ainslie started Maverick Capital back in 1993 with $38 million. Nowadays, the fund is worth $10 billion. Ainslie, like many of the other fund managers I've profiled, has a background rooted in learning from legendary great Julian Robertson at Tiger Management. So, due to the fact that these proteges learned from the best and have had great success running their own hedge funds, I continually try to find a reason not to follow these funds. And, needless to say I'm never successful. Some contacts over at Maverick have explained that their hedge fund strategy is straight up stock picking, both long and short. They made ...