Ed, Every season, when Felix Zulauf comes on the Media and makes his round, I have watched all his interviews. Since he's such a deep thinker, I ofen have more questions after his desription. Unfortunately the influencer who holds don't follow his think path and let the whole logic being explained. Your interview finnaly makes it. And this one is more clearer than the one last year. He lead us through the important western economies, at what position they are now, what policy are they going to play and the possible outcome near to middle turn. Realy good stuf! Thank you so much for the effort!
A lucid analysis based on F. Zulauf's decades of managing wealthy clients' money and now his family wealth. Thanks. He was wrong as to the US stock market correction in 2024, which he predicted in 2023. Other contrarians were wrong, too. This is primarily because the contrarians, like FZ, underestimated the massive government transfers to the consumer, which kept the consumer buying and fueling economic growth (70% of the US economy is consumer spending), and, in turn, this fueled the stock market's upward trend. The business cycle downtrend was delayed by a year. The consumer is running low on funds. Now as to a US recession: a different point of view is addressed by several other reputable money managers on the declining financial condition of the US consumer (a leading indicator of a coming recession), and this informs us that the US recession will become evident in 1H25. The Fed has commenced lowering the Fed Funds rate because of the initial evidence of a recession. As FZ says, China (which is exporting deflation) and Europe are in massive decline.
Inflation remains stubbornly persistent. The Fed will once again prove to be on the wrong side of policy should they continue to further reduce rates into 2025. Plenty of evidence that current policy is not restrictive. Thoughts?
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Ed, Every season, when Felix Zulauf comes on the Media and makes his round, I have watched all his interviews. Since he's such a deep thinker, I ofen have more questions after his desription. Unfortunately the influencer who holds don't follow his think path and let the whole logic being explained. Your interview finnaly makes it. And this one is more clearer than the one last year. He lead us through the important western economies, at what position they are now, what policy are they going to play and the possible outcome near to middle turn. Realy good stuf! Thank you so much for the effort!
Thank you for the kind words.
A lucid analysis based on F. Zulauf's decades of managing wealthy clients' money and now his family wealth. Thanks. He was wrong as to the US stock market correction in 2024, which he predicted in 2023. Other contrarians were wrong, too. This is primarily because the contrarians, like FZ, underestimated the massive government transfers to the consumer, which kept the consumer buying and fueling economic growth (70% of the US economy is consumer spending), and, in turn, this fueled the stock market's upward trend. The business cycle downtrend was delayed by a year. The consumer is running low on funds. Now as to a US recession: a different point of view is addressed by several other reputable money managers on the declining financial condition of the US consumer (a leading indicator of a coming recession), and this informs us that the US recession will become evident in 1H25. The Fed has commenced lowering the Fed Funds rate because of the initial evidence of a recession. As FZ says, China (which is exporting deflation) and Europe are in massive decline.
Good contributory post. Thank you. You're correct. Also factor in the global slowdown.
Inflation remains stubbornly persistent. The Fed will once again prove to be on the wrong side of policy should they continue to further reduce rates into 2025. Plenty of evidence that current policy is not restrictive. Thoughts?
Such a wealth of information! Thank you.
Clever man. Agree with his thesis as an advocate of Russell Napier.
Very insightful presentation. Thank you Ed and Felix
hi nice conversation! from Indonesia
Thanks
not a single question about bitcoin? believe in it or not, hot market,,,should have asked his thoughts on BTC
This person is reading off a piece of paper !
Not sure which of us you are referring to. I can assure you, Felix is not reading off a piece of paper.
At least he can read, unlike trump can’t barely read a children book, all he knows is to profane, for a man in a suit, he’s very nasty 🤮
He should've invested in Fartcoin so he wouldn't have to do these interviews for money.
LOL...