It was shown recently that the anomalous scaling of simultaneous correlatio
n functions in turbulence is intimately related to the breaking of temporal
scale invariance, which is equivalent to the appearance of infinitely many
times scales in the time-dependence of time-correlation functions. In this
paper we derive a continued fraction representation of turbulent time corr
elation functions which is exact and in which the multiplicity of time scal
es is explicit. We demonstrate that this form yields precisely the same sca
ling laws for time derivatives and time integrals as the "multi-fractal" re
presentation that was used before. Truncating the continued fraction repres
entation yields the ''best'' estimates of time correlation functions if the
given information is limited to the scaling exponents of the simultaneous
correlation functions up to a certain, finite order. It is worth noting tha
t the derivation of a continued fraction representation obtained here for a
time evolution operator which is not Hermitian or anti-Hermitian may be of
independent interest. [S1063-651X(99)05511-7].