Marc Faber: Relax! Stocks Won't Collpase

Marc Faber is interviewed by CNN on the 20th of January 2012.

First, they discuss he views that US bonds should be rated Junk, with the debt increasing from 1 trillion dollars in 1990 to 5 trillion dollars in 2000 to now over 15 trillion dollars and if we include unfunded liabilities the number would be much higher (something like 100 trillion dollars).

Now, the debt can be serviced because of low interest rates, but if those would be to increase, it would become much more problematic.

Marc Faber also explained that everybody should relax, equities won't collpase because there isa stron (technical) support at 1100 on the S&P 500, and if the S&P 500 drops 200 points, the federal reserve will start QE3.

Finally, he said that Asian banks (in Thailand and Singapore) are a much safer place than western banks for deposit and that contrary to popular beliefs, emerging economies do no rely so much on the west to sustain themselves.

Jim Rogers: Short Stocks, Long Commodities

Jim Rogers is interviewed on CNN on the 11th of November 2011.

He first explains Europe and the US are both a disaster and then gives his investment strategy:

1. Short European stocks, US technology stocks and emerging markets.
2. Long precious metals (Gold and Silver) as well as agricultural commodities.
3. Long currencies (but do not specify which ones).
   

When asked if Gold is in a bubble, he replies that very few people own it so it can't be in a bubble.

Marc Faber: if the financial system collapses, you do not want to be in cash and bonds

Marc Faber interview on CNN on the 9th of March 2011.
In a doomsday scenario, avoid cash and bonds, but be invested in equities, precious metals, commodities and countryside real estate. They may go down in value, but at least you'll still have something.