Showing posts with label European Central Bank. Show all posts
Showing posts with label European Central Bank. Show all posts

Monday, October 1, 2012

Felix Zulauf with another bearish forecast for the future

One of the most successful hedge fund managers Felix Zulauf has come up with another pessimistic prediction for the future.

According to Zulauf, the thirty-year bond bull market has ended and also predicting that the price of gold will surge in the near future. Moreover, the hedge fund manager himself is of the opinion that one has to sell half of what he owns along with selling the other half in the near future at the latest.

The Swiss investor thinks that bonds are overvalued and that the real return is negative. Furthermore, Zulauf is convinced that stocks will collapse in the next 2 or 3 years, adding that the investment world will see 1k in the S&P, which is more than 30 per cent decline.

In a recent interview, Zulauf said that they were in a stage of the super cycle and everything is accelerating. He explained that the fiat currency is in the final stage and that it always collapses in the end.

Felix Zulauf is the opinion that the European Central Bank will do everything in its power to prevent a potential collapse of the system. He is convinced that the ECB will finance everything including bankrupt governments and banks to every bankrupt entity which is crucial for the system.

Friday, September 7, 2012

Felix Zulauf interview part 6: The euro will not survive

The financial market expert Felix Zulauf expressed his opinion in an interview for Wirtschaftswoche Online that the Euro has no chance to survive and more and more people are investing their money in German banks. According to Mr. Zulauf, the longer Euro exists, the higher will be losses when it breaks appart.

The euro has absolutely no chance?

Realistically, it will not survive. It would have chance only at full fiscal union, that is common with household policies. That would be possible only in a political union. At this moment the European nations are not ready. Therefore, the politics will continue to make compromises, and that is why we remain in a permanent crisis several years.

Sunday, September 2, 2012

Felix Zulauf interview part 5: The euro divides Europe, not unite it

The financial market expert Felix Zulauf expressed his opinion in an interview for Wirtschaftswoche Online that European integration is not dependent on the euro. The euro is not an integration project, but it divides Europe, thinks Mr. Zulauf.

Would it not be better if you do not let the people vote directly on this issue, as it would be in Switzerland?

The facts came to light, but that does was not due to the politics. The politics assumesthat the euro is an integration project. But European integration is not dependent on the euro. The euro is not an integration project, but it divides Europe. Originally the idea was pursued to eliminate the single currency, the currency fluctuations in the European Economic Area.

But because of the different competitiveness, we now have hard impact in the real economy. If you ask Spaniards, Greeks, Italians and Portuguese, you will come very soon to the conclusion that it was better than the exchange rate fluctuated and the economy is still fairly reliable, organized and developed.