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.

Contact information for this author is not available.