Sunday, October 21, 2007

Tiger's Robertson Sees 'Doozy of a Recession'

Hedge fund legend Julian Robertson said Friday he expects the U.S. economy is heading for a "doozy of a recession."


"I think we are going to have a doozy of a recession," Robertson told CNBC's Erin Burnett. "I think the credit situation is worse than anybody realizes, and...I think we're getting little inklings of that. I don't think any of the normal indicators you would look at in the economy are really very strong. As a matter of fact, they are weak, and not really getting any better."


Robertson, founder of the investment firm Tiger Management, also expressed some concerns about the devaluation of the dollar.

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