“Barton Biggs, founder of the Traxis Partners LP hedge fund, said he isn’t adding to bearish equity bets in Europe after elections in France and Greece this weekend signal voters are seeking leaders who support more stimulus.
The U.S. economy is still strong and will avoid a double-dip recession while seeing a “soft patch” for the next month or two, Biggs said during the television interview.
“The U.S. economy is still cranking along at 2.5 percent real gross domestic product growth,” he said. “That’s a good healthy level.”
If you enjoy the content at iBankCoin, please follow us on Twitter
