John Paulson gave a speech at The Chinese Finance Association yesterday in New York.Twitterer and trader Brenna Hardman was on hand and tweeted out several of his insights.
Here are a few notable comments:
— “With housing slow to recover…probably another 2 years until we return to stronger rates of growth”
— “Europe has resources to solve problem”…there’s hope in solution but “issues will resurface if not in 2011 than 2012”
— “I view gold as currency, I was not interested in it as currency until quantitative easing”
— Paulson expects 8% growth in China for next 5 years, no hard landing
— “trying to invest in China from NY or London poses too much risk” …”we haven’t given up, we need more local presence”
— in regards to Sino Forest loss: “$100M sounds like a lot but it’s just basis points in our portfolio”
Read more of Brenna’s Paulson tweets here.
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