Felix Zulauf: Buy Japan

Felix Zulauf of Zulauf Asset Management has a good record in getting the big calls right. He was rightly bearish on the macro picture in early 2008, but bullish on markets in early 2009. When he attended the latest mid-year Roundtable at Barron’s, he was in a gloomy mood.

Never has so much money been hurled into the world economy, yet “this has been the weakest economic recovery by far” for the West.

That’s due to high debts, broken banks, ageing populations and globalisation, which have “dampened the income of the middle class and moved some of it to the [...]

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