I liked the interview. At least it was not boring.
But again the question remains not answered if the current developement (bailouts to everyone) is really so bad for the stockmarket as long as the FED also plans to keep long term interest rates down by buying into long term dept (blewing up their balance sheet). The funny thing is, that it might not be so bad for stocks after all (at least for the next 6-12 months) because we will see a very weak dollar, Bond prices held up artificially by FED interventions (but ready to implode when the FED gives up this game) and simply no alternative to invest in (do you really want to hold Cash in this dollar printing environment ?)
What is also symptomatic for the typical US investor is that he is not able to see the opportunities given elsewhere. They only focus (like in this interview) on the problems in USA. Have these people take notice of the overwhelming gains we had in emerging markets the last months ?
The big loser in this game will be the typical saver who saved a little money and will retire in maybe 15 years. Theres a good chance it will be worth nothing then.
He would be better off to put it in MSFT or CocaCola stocks (of course also gold) when seeing his savings-worth going to zero. As soon as people realize having money in well established companies is better than in US-Dollar, we will see a huge rally.
