March 30, 2015

The Risks Are Very High! Felix Zulauf Warns “Global Financial Markets Have Never Been This Distorted Before

Felix Zulauf on The Market and Economy Risks and Opportunities Investors started off 2015 with a slow global economy, low oil prices, a strong Dollar, and a deflationary Europe with great uncertainties on the progress of the US economy and the recent launch of Europe’s quantitative easing. The question is, what opportunities lie ahead? This article highlights the main topics covered in an interview between Mr. Frank Suess, CEO and Chairman of BFI Capital Group, with the globally renowned Swiss fund manager, Mr. Felix Zulauf. Mr. Zulauf currently heads Zulauf Asset Management, a Switzerland-based hedge fund and has forty years of experience with global financial markets and asset management. He has been a member of the Barron’s Roundtable for over twenty years.

Frank Suess: Felix, first I would like to thank you for taking the time to speak to us. You are a renowned investor and fund manager with a solid track record over the past 40 years. In those 40 years, you’ve encountered many highs and lows in financial markets and business cycles. What do you think about the current cycle we are in? Felix Zulauf: The current cycle is very unusual, because never before have we seen authorities, central banks in particular, intervening on such a large scale and pumping so much money into global financial markets. Hence, global financial markets are more distorted than ever before and accordingly, the risks are very high. Investing becomes very difficult in such an unprecedented environment, as it can’t be compared to previous situations. Frank Suess: When you look at our financial markets today, what would you consider are the most alarming themes? And how can they affect the current situation? Felix Zulauf: Global demand has weakened due to structural reasons. This is a situation that cannot be improved by pumping liquidity into the system. Zero or even negative interest rates have distorted the valuation and pricing of virtually all assets. We know that the longer a distortion prevails, the more investors get used to it and it becomes the “new normal” to them. That’s where the problem lies! I see three potential threats: 1) Inflation and bond yields rise and begin to prick asset bubbles; 2) The world economy gets hit again by more deflation due to a weaker Chinese currency that would reinforce deflationary pressure, dampen pricing and corporate profits and finally the real global economy; and 3) Asset prices continue to rise and finally exhaust on the upside at very high and unsustainable valuation levels. In my view, #3 will be the most likely outcome.

Read More: This Interview with Felix Zulauf , Felix Zulauf Macro Views, Trades

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.

March 24, 2015

Felix Zulauf: The Bull Market Will Continue For Now, China Must Devalue


Felix Zulauf, a legendary investor, founder and president of Zulauf Asset Management AG in Zug, Switzerland and a member of Barron’s Roundtable for over 20 years, gave an interview to Jim from Financialsense regarding the state of the world economy. In a discussion between the two, you can learn what Felix see in the future for the USA, Europe and China.

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.
Source: Felix Zulauf News

January 27, 2015

2015 Felix Zulauf Macro Views:

Bearish Stocks – Deflation Coming. 15%+ Stock Correction in Spring 2015.
2015 Will be Good Year for Traders Because of High Volaility
Oil Decline is bad for the Economy as Oil-Jobs are High Paying
Bullish USD January
Expects USD Correction between Spring and Middle-year
Expects Strong USD again from late 2015 to until late 2016.
US Bond yields to go down – to 2% or even less
Short Singaporean Dollar



as of January 2015


Source: http://www.octafinance.com/felix-zulauf/

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.