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Barrons: Felix Zulauf expects China’s yuan to lose up to 30% of its value, leading to a possible banking crisis in Asia

* August 29, 2015

Felix Zulauf has long trained his considerable wisdom on understanding and profiting from the investment implications of macroeconomic trends. As anyone with a pulse and a brokerage account now knows, the trends are pretty awful. Felix, a longtime member of the Barron’s Roundtable, is convinced the implications could be worse.

It is hard to argue with his track record of late as a prognosticator, since much of what he forecast in our midyear Roundtable, published on June 15, has come to pass. Major stock indexes around the world indeed have corrected by roughly 10% or more—and in China’s case, by 18%—since the Chinese government suddenly devalued the nation’s currency three weeks ago. The devaluation is another thing Felix predicted, although it happened a bit sooner than he expected.

Felix wears several hats these days: He’s president of Zulauf Asset Management and co-chief investment officer and partner at Vicenda Asset Management, both based in Zug, Switzerland. He thinks the world and the markets could be roiled further in coming months as China continues to adjust to decelerating growth, taking steps that will export deflation around the globe. He shared his bracing insights and current outlook in a conversation last week...

http://www.barrons.com/articles/felix-zulauf-sees-markets-falling-further-1440825824

- George.