Billionaire investor Julian Robertson spoke with FOX Business Network’s (FBN) Maria Bartiromo about the recent market activity. Robertson said, “The thing that worries me the most are the twin bubbles that are developing, certainly the Federal Reserves of all the countries, the people that run their Treasury operations are trying to really create a bubble in bonds.” When asked about whether he thinks the Federal Reserve will raise interest rates this year, Robertson said, “I think the economy wants it and I think they’re not going to be crazy enough just to let this thing boil over into complete explosion.” Robertson also commented on what stocks he likes, saying, “I like the great growth companies.”

Julian Robertson

Julian Robertson on the U.S. economy, bond bubbles

Julian Robertson: The dollar will continue to strengthen

Julian Robertson on the markets:

“The thing that worries me the most are the twin bubbles that are developing, certainly the Federal Reserves of all the countries, the people that run their Treasury operations are trying to really create a bubble in bonds and they’re doing it and bond yields have never been anything like that.”

Julian Robertson on what the market is saying with low yields:

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“Well suppose you were a saver in Germany, you had to pay the banks to put your money in. And all this sort of creates a very difficult market to save in and a very easy market to borrow in and those two things are conducive to long term prosperity.”

Julian Robertson on whether he thinks the Federal Reserve will increase interest rates this year:

“I think the economy wants it and I think they’re not going to be crazy enough just to let this thing boil over into complete explosion.”

Julian Robertson on the U.S. Dollar:

I think the Dollar will continue to strengthen. I mean Europe needs a strong dollar and I think they’re going to do their best to cut the value of their currency.”

Julian Robertson on his take on what happened with Biotech this year:

“Big blow up, but the aftermath had an enormous rally and still there is good value in some of those stocks.

Julian Robertson on what other stock he likes:

“I like the great growth companies and I think that’s one of the great things about being older is you remember back what great growth stocks sold for in earlier times and I don’t really think the Google’s, the Apple’s, those stocks if they had the 1970s and 1980s multiples would be double and triple the current prices of those stocks.”

Julian Robertson on whether he would put Twitter and Facebook in the same category:

“I would put Facebook in there. I’m not Twittering myself.”

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