US To Face Poor Economy for 10-15 Years: Robertson
Multi-millionaire investor Julian Robertson told CNBC that the United States is "just getting into the recession," and that the poor economy will last as long as 10 to 15 years.
Last year, Robertson had said that the U.S. economy was in for "a doozy of a recession." He said the reason was the credit situation was worse than anyone had thought.
"Doozy’s a tough one and long one, I think that’s what we’re headed for," said the chairman of Tiger Management.
To read the article and watch the video, click recession forecast.
What would you say are recession or depression proof businesses? The plan was to start a website specialty retailer but second thoughts are plaguing me.
Posted by: Jon | October 15, 2008 at 09:44 PM
Booze. Cancer sticks. Pot. Folks need them when times are stressful. Repair service businesses also thrive in recessions and depressions because folks can't afford new replacements.
Posted by: Curt Sawyer | October 15, 2008 at 09:55 PM
What is the cost of your course?
Posted by: Ron Davis | September 26, 2010 at 05:22 AM