Submitted by Tyler Durden: While the discussions between these two
legends varied from Phat Phong nightlife to Dow 30,000, and from China
bullishness to AAPL bearishness, it was the conversation about the
actions of Bernanke, and more importantly our political leaders that
summed up perfectly the dreadful reality in which we find ourselves. The
punchline: "It is very dangerous to have ignorant people believing that they know something."Rogers is bullish China long-term but buying Chinese stocks only selectively...
Faber sees under-the-surface weakness in US equities and while central banks could print us to Dow 30,000; gold and other commodities will be astronomical by then...
Faber is bearish AAPL, believes its a bubble - but too dangerous to short...
Both are uber-bearish central-bankers and politicians...
Summed up perfectly, we believe.Marc Faber: "Both candidates are clueless and completely artificial..."
Jimmy Rogers: "It's worse than clueless, because they think they know what they're doing.. and so they are dangerous! If they were just clueless and looked out the window, we wouldn't have a problem, but they think they have the solution - but their solutions are what's making the situation worse..."
Marc Faber: "That is precisely the point. It is very dangerous to have ignorant people believing that they know something!"
Must watch - especially to hear the CNBC anchor squirming...
Source
banzai7
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