Europe is in major decline, China is in secular rise but trapped in a long deflationary cycle, and the US is performing well due to easy money and a capex cycle driven by new technology, representing the late stage of a boom cycle.
factualpending
Speaker
Felix ZulaufEvidence Quote
“Europe is in major decline. China is in a secular rise but is in a long deflationary cycle and trapped in it. And the US is doing very well encouraged by easy money that we have seen for long and it's now dominated by the capex cycle by new technology and nothing is as beautiful in the financial markets as the combination of easy money and the new technology that spins the fantasy of investors.”
Created: 8/12/2026, 6:25:56 PM
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