Here is Zerohedge reporting on Zulauf’s latest warning:
“There is a valuation problem with most global equity markets – the most with the US,” warns Felix Zulauf in the following brief clip, adding that sentiment “is extremely one-sided,” but the classic bear-market-inducing recession, he notes, is not on the immediate horizon. Instead, he warns, other problems may be the catalyst for a correction in the US – specifically China’s “mother of all bubbles”, fragility in Asian banks, and balance of payments crises continuing in emerging markets. Zulauf suggests “you have to be short stocks, own US treasury bonds, and also buy gold as panic and risks go up.”There is nothing new here for most who follow this website. The question, as always, is not if but when.
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