Those Swiss

[Thanks to alfatour.ru for the photo.]

Once again, I hear the sound of wisdom in the voice of a Swiss banker/investor. This one is Felix Zulauf, an investment advisor. In an interview at Barron's Roundtable, he says a few things that correspond with my views. For example:

"Intensive globalization leads to low headline inflation. The governments of the old industrialized nations run large fiscal deficits, and the central banks accommodate them with cheap-money policies."

and

"The bottom line is cheap money as far as one can see, and low real interest rates…"

You can read more at goldstockblog.


Felix Zulauf