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