Image via Wikipedia Julian Robertson, legendary investor, expressed what I believe to be the critical immediate problem facing the US (and the rest of the world). With my emphasis added, he said the following: I prefer to run scared through here. I think that if the Chinese stop buying our debt, it is virtually the end of the financial world [...]
Here is a must-listen by Julian Robertson, a legend on Wall Street and a knowledgeable investor. The interview is quite straight-forward and frank and provides a good overview of the important forces in play. Not crazy about his global warming views.