Barton Biggs Sees 60% to 70% Odds of Recession
2011-11-21T14:35:15Z
Barton Biggs, the hedge fund manager who bought stocks when the market bottomed in 2009, cut bullish bets on equities amid concern the odds of recession have increased. Biggs said the chance of a recession during the first half of 2012 has risen to between 60 percent and 70 percent. (Source: Bloomberg)
Running Time: 01:17
Nov. 21 (Bloomberg) -- Barton Biggs, the hedge fund manager who bought stocks when the market bottomed in 2009, cut bullish bets on equities amid concern the odds of recession have increased. Biggs said the chance of a recession during the first half of 2012 has risen to between 60 percent and 70 percent. (Source: Bloomberg)
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