Here's What John Paulson Said At A Big Speech In New York Last Night

John Paulson

Photo: @RMBrenna

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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