Barton Biggs, who runs New York-based hedge fund Traxis Partners LP is bullish on stocks and said that computer shares are cheap and will benefit from a business upgrade cycle:
“There is reason to believe the U.S. is in a strong recovery."
Barton Biggs also commented the situation in the European Union and China`s monetary policy:
“The Europeans send the right message: If you can convince us that you are going to practice some discipline, we will take care of you. The Chinese authorities are doing the right thing in terms of gradually tightening.”
Biggs said China’s boosting reserve requirements should help its economy achieve a soft landing, and that a little weakness in the euro is probably good for European exports and for the European economy.
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