Tags: Swiss | Expert: | U.S. | 'Dangerous | Situation'

Swiss Expert: U.S. in 'Dangerous Situation'

Wednesday, 10 August 2005 12:00 AM

"Two years ago, we were concerned about global imbalance, and at the time we were in the minority – and now it's the consensus," Younes told the financial publication Barron's.

"The difficult question is what will happen next."

Younes manages the $14.5 billion Julius Baer International Equity Fund, which in April was deemed best in class by Lipper Analytical Services.

The fund, which is closed to new investors, is up 14.2% annually in the 10-year period ending in July, and 20.17% in three years.

Here are some highlights of Younes' interview with Barron's:

"It is very difficult to tell how big the bubble will get and when it will burst. When you have very easy monetary policies, the bubble will appear in different places, depending on where the money

"But home prices haven't collapsed because the long bond hasn't collapsed. The U.K. and Australia represent smaller economies. The world's two major economies, the U.S. and China, are

"That's what we've been doing every time we get into a problem. The dollar is a problem because no one's getting paid for owning the dollar. People are going after real assets."

"If we see a flattening or a decline in production we are in big trouble."

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"Two years ago, we were concerned about global imbalance, and at the time we were in the minority - and now it's the consensus," Younes told the financial publication Barron's."The difficult question is what will happen next."Younes manages the $14.5 billion Julius Baer...
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2005-00-10
Wednesday, 10 August 2005 12:00 AM
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