Swiss money manager Felix Zulauf shared his market views at the Art of Successful Investing conference, and they were largely grim. But he also had some investment suggestions.

Zulauf, a Barron's Roundtable member who raised the possibility of further Fed easing last January, when most pundits were anticipating tightening, said the next few years "could be the setup for much higher inflation later." In response to a question about how the current mess differs from the 1930s, he quipped that "central banks can keep the economy afloat forever. At QE33, the Fed will own the whole system," a reference to the possibility that Fed stimulus could go on indefinitely. The resulting inflation would lead to "the destruction of the currency," he said.

(Full story at online.barrons.com)