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Global Macro Update

Felix Zulauf: Where to Invest in 2025

Dec 17, 2024
Felix Zulauf, a renowned expert in global macroeconomics, discusses the transitioning world order impacting investments through 2025. He delves into the implications of Trump tariffs and the rise of deglobalization, state capitalism, and nationalism. Listeners will gain insights into market cycles influenced by innovation, particularly AI, and the looming financial challenges ahead, such as the debt ceiling. Zulauf highlights investment opportunities in commodities and real estate, while stressing the importance of risk management in an evolving economic landscape.
50:11

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Understanding the shift towards nationalism and state capitalism is crucial for adapting investment strategies in a changing world order.
  • Investing in commodities like gold and oil is essential, especially considering potential geopolitical tensions and financial instability moving into 2025.

Deep dives

Long-Term Investing Strategy

The investor employs a long-term strategy that emphasizes understanding secular trends before focusing on shorter-term cycles. By analyzing major economic regions like the U.S., China, and Europe, insights are gleaned on potential policy changes and their impacts on capital flows and asset prices. This approach also incorporates intermediate trends and trading swings, enabling the investor to navigate market dynamics effectively. Ultimately, the focus lies on adapting to where market influences are heading rather than where they currently stand.

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