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Bubble 2.0, maria bartiromo, clips, cnbc, facebook, peter thiel

Peter Thiel believes his investments are immune to an economic bubble

Startup investor Peter Thiel warns CNBC's Maria Bartiromo that the current economic situation is dire. Inflation, economic bubble, deflation, blah, blah, blah. But unsurprisingly, the former PayPal CEO turned venture capitalist sees one bright spot: Facebook, the social network where, uncoincidentally, he's a board member. According to Thiel, "it's the one part [of the economy] where there is no bubble at all." Sure, Peter, as if we really needed the disclaimer you add: "Of course, I'm biased." Not even the well-trained Maria "Money Honey" Bartiromo could keep a straight face at that.

3:23 PM on Tue Dec 4 2007
By Tim Faulkner
1,850 views
10 comments

Comments

Whocares at 03:31 PM on 12/04/07
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I'll have what he's drinking.
mandarin at 04:03 PM on 12/04/07
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Lol what a waste of an interview...
fatbastard at 04:12 PM on 12/04/07
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Maria Bartiromo looks straight up cracked out compared to the other quality hotts on CNBC, Bloomie, and Fox BC.

Seriously, Erin Burnett vs Maria? No contest!
sample032 at 04:15 PM on 12/04/07
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I'm curious why he thinks there might be deflation. The Fed keeps showing that they'll lower interest rates, especially moving into an election year. Moreover, the stock market, at least 2 months ago, was historically overpriced, as is the housing market.
waynelambright at 05:42 PM on 12/04/07
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@sample032: Would not a home going down in value be defaltion?.
cv at 08:09 PM on 12/04/07
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That's right, the porn industry is always a safe bet.
MrMedia at 06:43 AM on 12/05/07
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What's wrong with you people?!?! Don't you know that $1 virtual gifts and Facebook flyers are immune to any economic downswings in the US or abroad? Come on!
0x6772 at 07:53 AM on 12/05/07
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@zooyorq: Koolaid?
From: FEEDS.FEEDBURNER.COM: TRACKBACK at 08:28 AM on 12/05/07
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Is there a tech bubble? Well, that depends on who you ask. PayPal founder turned hedge fund manager turned venture capitalist Peter Thiel told Maria Bartiromo that it’s the “one part where there’s no bubble at all this time.” On the other side is a singing group called The...
sample032 at 11:29 AM on 12/05/07
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@waynelambright: It's different, especially because of how illiquid real estate is, and because the dollar isn't backed by real estate.

Look at these two charts:
[en.wikipedia.org]
[en.wikipedia.org]

The US experienced inflation both before and after 2000.