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

Market Folly: Peter Schiff Talks Treasury Bubble

From our friends over at Market Folly - coverage of Peter Schiff's latest comments regarding the bubble in US Treasuries - brief excerpt here, click the link above for the full coverage.

"However, since the only way the Fed can buy bonds is by printing money, the more bonds they buy the more inflation they will create. As inflation diminishes the investment value of low-yielding Treasuries, such a scenario will kick off a downward spiral. But the more active the Fed becomes in their quest to prop up bond prices, the bigger the incentive to hit the Fed?s bid. The result will be that all Treasuries sold will be purchased by the Fed. But with the resulting frenzy in the Treasury market, and with inflation kicking into high gear, we can expect that demand for other debt classes that the Fed is not backstopping, such as corporate, municipal and agency debt, to fall through the floor, pushing up interest rates across the board."