Barton Biggs on Stock Market, Rating Downgrade

Aug. 8 (Bloomberg) -- Barton Biggs, managing partner and co-founder of Traxis Partners LP, discusses Standard and Poor's downgrade of the U.S.'s debt rating to AA+ from AAA, the prospects of recession and his investment strategy. Biggs speaks with Betty Liu and Erik Schatzker on Bloomberg Television's "In the Loop." (Source: Bloomberg)