Stocks set to slideGuru watch
Felix Zulauf, the founder and head of Zulauf Asset Management, is “seldom wrong” about markets, says Wirtschafts-woche. His warning in 2008 of trouble ahead for the wider economy proved prescient. Today, Zulauf is still gloomy.
Felix Zulauf, the founder and head of Zulauf Asset Management, is "seldom wrong" about markets, says Wirtschafts-woche. His warning in 2008 of trouble ahead for the wider economy proved prescient. Today, Zulauf is still gloomy.
With monetary policy having no impact on demand in debt-soaked economies, and fiscal policy now "contractive, not expansive", the outlook for growth is clouding over, he says in Barron's. Given their weak fundamentals, "economies around the world most likely will be in recession next year". Longer term, the growth outlook is discouraging as we have so far failed to "bite the bullet" and tackle our massive debt load. "We have begun "the Japanification of the western world".
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Millions of parents are missing out on up to £720 a year in extra pension cash – are you affected?A mum who narrowly missed out on the pension boost said she “never knew the government rule existed” and wants other parents to use it
-
The most influential people of 2025Here are the most influential people of 2025, from New York's mayor-elect Zohran Mamdani to Japan’s Iron Lady Sanae Takaichi
