Marc Faber Warns of Partial US Debt Default & Negative Real Interest Rates

Mark Faber, editor of the Gloom, Boom and Doom report talks to the Financial Times. He says irrational moneary policy means there are asset bubbles forming somewhere although we don't know where yet and all paper currencies will lose value. He forecasts stocks will not make new highs this year and disagrees with Gordon Browns new bank tax.