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... (more)
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