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Eurozone on Track to becoming shortest Currency Union in History

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The eurozone is on track to be the shortest currency union in history said Felix Zulauf, president of Zulauf Asset Management AG, with the possibility of federal union the only alternative to breakup.

Additional temporary measures risk aggravating social conditions, with local rioting leading to broader civil unrest. In his view, the crisis is imminent and does not require a specific event. After six to nine months, the markets may suddenly wake up and react powerfully to some seemingly minor event. He added that investment options in the intermediate term are grim. While the equity markets may thrive in the coming year or two, the seven-year equity cycle will turn in 2015 or so and 'buy and hold' strategies will turn out to be painful for those with a three to four year horizon. Although the coming bust will be bad, Zulauf thinks it will not be as serious as the last.

(Read the full article at Seeking Alpha)

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