Biggs Turns Bearish, Citing “Pathetic” Supercommittee Effort

Hedge fund guru Barton Biggs has turned bearish, saying he thinks the odds of a recession in the first half of 2012 have increased to about 60%-70%, and that the “current spurt in the U.S. economy … is going to fade as we get into next year.” Biggs tells Bloomberg that the apparent failure of the U.S. deficit-reduction supercommittee and the continuing trouble in Europe are behind his change in tune. He thinks we’ll see… Read More