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

George Soros, Marc Faber Say It's Only a Bear Market Rally

Legendary investor George Soros, co-founder of the famed Quantum Fund with Jim Rogers, told Bloomberg: “It’s a bear-market rally because we have not yet turned the economy around," and reiterated that this financial crisis is worse than anything we've seen in our lifetimes.

Marc Faber is also quoted in the article, saying the S&P index may fall to around 750, and rebound after July.