The Barron's interview (subscription required) is with Rudolph-Riad Younes from Julius Baer, writes Roger Nusbaum. He has a negative outlook for the US, UK and Australia due to what he calls imbalances.
Specifically to Australia he says that Australian consumers have been "overindulging like crazy." When it is time to pay, places like Australia will pay the highest price, along with the US and UK.
Interestingly he is bullish on commodities.
Long time readers know I am a little more bullish on Oz. Australia clearly will continue to benefit from the increasing global demand for commodities (or course there is no guarantee that this benefit will overcome the problems that Mr. Younes thinks are coming).
Also I think that there will be increased demand for Australian dollars if the US dollar gets weaker against the yuan and/or other foreign currencies. This demand creates a tailwind for equities down under.
Time will tell.