"Paul Tudor Jones sees the possibility of the U.S. experiencing a sovereign credit crisis similar to what Europe is experiencing.
The founder of Tudor Investment Corp and the Robin Hood Foundation recently gave an interview to the Memphis Daily News about spending his college days working as a newspaper editor, but he also spoke about his view on the state of the economy.
He said:
at http://www.businessinsider.com/paul-tudor-jones-us-sovereign-crisis-2011?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+businessinsider+%28Business+Insider%29#ixzz1Z5Hoc0wx
The founder of Tudor Investment Corp and the Robin Hood Foundation recently gave an interview to the Memphis Daily News about spending his college days working as a newspaper editor, but he also spoke about his view on the state of the economy.
He said:
The economic future is “going to be bleak for some period of time, unfortunately.”
“We are at the beginning of a major deleveraging process when it comes to all types of credit – private, corporate, financial and most importantly governmental."
“We saw the same thing happen in the ‘30s and ‘40s, and it took the country a long time before the economy really began to recover from the credit boom of the 1920s. … Personally, I think there is a decent probability that at some point we will experience a sovereign credit crisis similar to what Europe is experiencing.”
The “macro situation” won’t be fixed for several more years..."
at http://www.businessinsider.com/paul-tudor-jones-us-sovereign-crisis-2011?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+businessinsider+%28Business+Insider%29#ixzz1Z5Hoc0wx
