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If you hadn’t gotten your full round of pre-weekend economic gloom, famed investor Julian Robertson of Tiger Management just gave an interview with CNBC’s Erin Burnett. He is cautious about what lies ahead.
If you do not recall, Robertson warned a year ago that the U.S. was headed for a "doozy of a recession." He advised the Obama administration to tell the truth and say there are no quick fixes. If this bailout/turnaround isn’t successful, then a 3- to 4-year economic problem will be much worse than what Japan went through in the 1980s.
