Felix Zulauf’s Dire Warning: End of the Unipolar World

When Felix Zulauf has a hunch, he’s usually right. Mauldin Economics Publisher Ed D’Agostino interviews Zulauf, the former head of UBS’s institutional portfolio management group and the founder of Zulauf Consulting, about the end of the multipolar world and where the markets are headed.

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Time stamps:
00:00 – Introduction
01:55 – Recession forecast for US economy
06:23 – Will something else like SVB break?
10:53 – A wave of debt issuance coming
12:42 – Can unprofitable small caps continue?
13:26 – The trouble with extreme concentration in a few stocks
15:47 – When Zulauf expects a rebalancing
18:38 – The decade of the rollercoasters
19:53 – What happens if the war in the Middle East escalates?
21:50 – The unipolar world is over
23:36 – Israel, Ukraine, and Guyana
26:17 – Russia/Syria/Iran military agreements
27:44 – China’s effect on commodity prices
30:34 – Europe will be the geopolitical loser
32:53 – Zulauf on gold

[sunnygee]

Thank you gents! What a wonderful interview of great minds!

[crouchhill]

I'm greatful to Felix everytime this time of the year on various podcasts, where he imparts his expert Macro and geopolitical view, man is second to none 😊

[juliorivas]

Great analysis. Thank you. What is missing in this discussion, and it is very important, is that China, Europe, some of the BRICs, and Russia have dismal demographics, and horrible climate dangers.

[christianreidt]

Great talk with a guest who knows about what he is talking!

[ggttuuxx]

Great interview Ed. Felix may be right or may be wrong. But regardless, following his thoughts' rabbit hole gets one thinking and reexamine our assumptions. Useful.

[longgowhereto]

I heard Felix already twice, but who would say no to Mauldin Economics? I have been three hours in a 35 minutes talk. Reminds me in former Barron's RT moments. Thank you very much for such a rich time!

[bobhill]

Thank you Ed! Another great interview and guest! I remember thinking with the fall of the Berlin Wall in 1989 that the world got a little safer. Indeed I think that it did but it sure didn’t last. The political infighting in the States serves to to weaken the West at the wrong time. There will be a price to pay!

[samruda]

After listening to this, I am reminded of something that a global ports/terminals senior executive said to me: "China is the factory, America the consumer, Brazil the kitchen, and Europe is irrelevant." And person that said this is European. I suspect as well that Mr. Zulauf connected the dots in the Middle East and Ukraine with precision.

[slavavoronin]

Thank you indeed Felix and Ed, - all is just superb 👍👏👍

[mlbull]

Felix you have some bold predictions.
Let’s see how it turns out.

[advocate]

FZ talks, I listen. Once a year and on multiple platforms. The reason the recession is still not with us is quiet liquidity going on in the background. Of course that only helps those with assets, so we see metrics associated with poorer groups worsening but not the aggregate. A view.

[josemaenzo]

Nice interview. I miss a take on Bitcoin.

[allenr]

Another outstanding interview from EdD. I had never heard the view that the U.S. sought to encourage Russia's invasion of the Ukraine in order to prevent, or at least hamper, Europe's further integration with Asia's Sino-Soviet bloc.

[MoritzPaul-kt]

Unfortunately it aged badly, would like to see an update here, what did not went to wrong and so on. Quite the opposite happended we moved more into a monopolar world as I see it.

[florianewu]

Felix, how can we Americans pivot and become the great “producers” once again? 🙏🏻🕊️💪🏻

[aleaiactaest]

Economy strong? have you seen the budget deficit?

[robbyh]

Does congress needs to approve QE or can the fed take that decision without? Basically can Republicans block QE in 2024

[Lightmr]

Mister Felix is mind-blowing when it comes to talk about geopolitics! I loce it how he thinks!

[KonradKrakow]

Can we expect subtitles to be available soon?

[lambertois]

YouTube is now full of doomsday, end-of-the-world videos!
These videos are tailor-made for the people who enjoy horror movies!
Profound common sense quotes from a real experience investor, Warren Buffett:
“Forecasts may tell you a great deal about the forecaster; they tell you nothing
about the future.
“We’ve long felt that the only value of stock forecasters is to make fortune-tellers look good. Even now, I continue to believe that short-term market forecasts are poison and should be kept locked up in a safe place, away from children and also from grown-ups who behave in the market like children.” –