Renowned money manager Felix Zulauf told King World News that despite the rally in stocks, the world economy is still in trouble. Zulauf, founder of Zulauf Asset Management and 20+ year Barron’s Roundtable panelist, believes the current euphoria among investors and optimistic expectations going forward are creating a very dangerous environment. Zulauf also feels that although there has been a long consolidation in gold, the fundamentals are still quite bullish.
This is the final part of a three part written interview series which has been released on King World News. In these interviews the legendary money manager has discussed why he believes central planners will fail, how this will lead to systemic collapse, gold repatriation, what investors should be doing with their money right now, how they can protect themselves going forward, and much more.
Here is what Zulauf had to say: “I think the world economy is still having difficulties. Some leading indicators are picking up a little bit, and the world is getting very optimistic that we have passed the crisis, we have solved the problem, and sentiment is very optimistic. Actually it is as optimistic in the stock market as it was in 2007.
We have entered a very dangerous territory, and I think the world economy will not deliver what people expect. You just saw the numbers coming out about the eurozone GDP in the fourth quarter, it was quite a bit weaker than expected and still in negative territory….