Tuesday, April 07, 2009

Peter Schiff Interviews Marc Faber

Here's a great interview I just came across - Peter Schiff interviewing Marc Faber (late February 2009), and I found it on LewRockwell.com to top it off - what a trifecta!

Here's a great quip from Faber:

What Mr. Greenspan and Mr. Bernanke have achieved is historically quite unique. They have managed to create a bubble in everything, everywhere in the world: in real estate, equities, commodities, art, worthless collectibles; even bond prices continued to rise as interest rates fell due to the loose monetary policy.

And a few investment specifics:
  • Doesn't like stocks
  • Asia is quite inexpensive relative to the US
  • Would recommend half an investor's portfolio be in cash
  • Short term thinks the US dollar is OK, but says obviously at some point it "won't be OK"
  • Sugar is quite attractive at this level

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