Paolo Pellegrini, the hedge-fund manager who helped John Paulson rack up over $3 billion betting on the U.S. housing crash, said "the only attractive" investment he sees today is shorting long-term U.S. debt. He thinks it's overpriced and due for a significant fall.
“I always like to think about assets that are likely to experience a breakdown; the only thing I’m pretty comfortable with right now is U.S. Treasury securities and U.S. agency mortgage-backed securities,” he said.
“I always like to think about assets that are likely to experience a breakdown; the only thing I’m pretty comfortable with right now is U.S. Treasury securities and U.S. agency mortgage-backed securities,” he said.
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