Marc Faber identifies the rotten apples in the system

Sometimes, I like to go back in time, and listen to what was said now with the benefit of hindsight. For this exercise, Marc Faber is a fantastic use case.

On an interview, on the 7th of April 2009, at around 7min20 (YouTube link), he mentioned the market rebound, then a small 5 to 10% decline, followed by another rally upleg.

As an anecdote, this quote is fantastic:
[...] Tim Geithner wants to identify the bad and rotten apples in the system. Well, he should buy a mirror and stand in front the mirror himself with Mr Ben Bernanke and Mr Larry Summers. There you have the rotten apples.

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