Paul Tudor Jones: This Is A Ski-Jump Recession

paul tudor jones

The funds managed by famed trader Paul Tudor Jones aren’t betting on an economic recovery. While many investors seem to be taking a rebound as a given — despite thin evidence — they’re not buying it:

Bloomberg: Jones’s Tudor Investment Corp., Clarium Capital Management LLC and Horseman Capital Management Ltd. are taking a bearish stand as U.S. stock and bond prices rise, saying that record government spending may be forestalling another slowdown and market selloff. The firms oversee a combined $15 billion in so- called macro funds, which seek to profit from economic trends by trading stocks, bonds, currencies and commodities.

“If we have a recovery at all, it isn’t sustainable,” Kevin Harrington, managing director at Clarium, said in an interview at the firm’s New York offices. “This is more likely a ski-jump recession, with short-term stimulus creating a bump that will ultimately lead to a more precipitous decline later.” Read the whole thing >

We like the imagery there. We also like the “sugar-high rally” and the “steroids rally,” but yeah, ski-jump recession paints a good picture.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.