The US Looks the Best Economically, Compared to the Rest of the World
In a special reprise edition of the Financial Sense Newshour from February, Jim welcomes Felix Zulauf, Founder and President of Zulauf Asset Management AG in Zug, Switzerland and a member of Barron’s Roundtable for over 20 years. Felix notes that while the markets experienced a tactical rally, the combination of global slowdown, technical deterioration in equity markets, and tapering warrant caution and should lead to a potential sell off this year. He expects a market correction at some point of 20% or so. Felix also mentions that the Fed’s tapering represents a regime shift in monetary policy and while we do not know where it will hit, he does believe something happens because the markets are “pretty frothy”. He sees problems in Japan and China, with China in the late stages of a massive credit bubble. Additionally, Felix discusses the situation in Europe and his current outlook on gold. Felix Zulauf is also a partner of Vicenda Asset Management AG, where he shares the CIO position with his son. Vicenda manages a conservative global macro hedge fund. This broadcast is free and gives listeners an example of the quality programming they will find as a subscriber to FS Insider.
To listen the interview please visit: http://www.financialsense.com/financial-sense-newshour/felix-zulauf/expect-twenty-percent-correction-reprise
Felix Zulauf was born 1950, and is the owner and president of Zulauf Asset Management, a Zug, Switzerland-based hedge fund. Felix has worked in the financial markets and asset management for almost 40 years. Mr. Zulauf has been a regular member of the Barron's Roundtable for more than 20 years.