mauldin
JOHN MAULDIN: “Postponing the inevitable downturn with artificially low rates will come at a cost. The cost is a massive credit bubble that is already of biblical proportions.”
via marketwatch: The European Central Bank this month said it would keep record-low interest rates for longer. The news comes shortly after the U.S. Federal Reserve gave in to the stock market and held off on further interest-rate increases. While investors …
MAULDIN: This Time Will Be Different
BY JOHN MAULDIN For almost 40 years, we’ve lived in an era of low rates and easy money. It let governments and businesses worldwide run up piles of debt. Global debt could easily reach $500 trillion in a few years. And …
MAULDIN: If China Falls, so Will America
BY JOHN MAULDIN The US and China are the world’s largest and second-largest economies. They are also entwined in so many ways that it’s hard to tell where one ends and the other starts. Some call it “Chimerica.” which is an …
MAULDIN: These Are the 3 Biggest Risks in 2019
BY JOHN MAULDIN A Federal Reserve policy mistake is our top risk this year. Correction: The mistake is already happening. So that’s less a forecast and more a recognition of reality. The Fed is raising rates and reversing its quantitative easing. At the …
Mauldin: It’s Not Polite, but I’m Pretty Pissed at the Fed
BY JOHN MAULDIN This essay is going to insult a bunch of smart, maybe even brilliant, people. It is not polite nor is it politically correct. I will try to be better. But right now, I am pretty pissed. Here’s the …
MAULDIN: The Age of Change Is Coming
BY JOHN MAULDIN I’m often called the “muddle-through guy.” When I consider opposing scenarios or opinions, I figure reality will be somewhere in between. That’s right more often than you might suspect. So, let’s consider two seemingly conflicting ideas. Major economic …
Mauldin: The Good News That Most Investors Overlook
BY JOHN MAULDIN If you read mainstream financial news, you don’t need me to tell you how bad our economy is. Skepticism abounds in the punditry. But sometimes we get so busy worrying about negative things that we ignore positive things …
Mauldin: A Liquidity Crisis Of Biblical Proportions Is Upon Us
BY JOHN MAULDIN Last week, I mentioned an insightful comment my friend Peter Boockvar—CIO of Bleakley Advisory Group—made at dinner in New York: “We now have credit cycles instead of economic cycles.” That one sentence provoked numerous phone calls and emails, …
MAULDIN: Most Forecasts Turn Bearish
BY JOHN MAULDIN The stock market is overvalued by many different measures. I recently shared Dave Rosenberg’s thoughts on the subject. But at the SIC 2018 conference, we also heard a lot more from Steve Blumenthal, Mark Yusko, and several others. The evidence is adding …
Mauldin: "Flying Blind At 20x" On The Brink Of Another Housing-Driven Global Crisis
Authored by John Mauldin via MauldinEconomics.com, Excerpted from “A Fly In The Ointment?” Repeating History History never repeats, but sometimes it rhymes. The trigger for our last recession and financial crisis was an excessively leveraged US housing sector. Other factors contributed, …
John Mauldin: 8 Charts That Show How Insane The Economy Is Today
Authored by John Mauldin via MauldinEconomics.com, Since the 2008 financial crisis, there’s been a growing number of ridiculous, inane, and otherwise nonsensical economic interventions from our central bankers that fill the daily economic headlines. I have gone from the occasional smile to …
Mauldin: The Next Crisis Will Reveal How Little Liquidity There Is
Authored by John Mauldin via MauldinEconomics.com, This is something I’ve been pondering for some time. I think the next crisis will reveal how little liquidity there is in the credit markets, especially in the high-yield, lower-rated space. Dodd–Frank has greatly limited …
Mauldin: "Investors Ignore What May Be The Biggest Policy Error In History"
by John Mauldin My good friend Peter Boockvar recently shared a chart with me. The University of Michigan’s Surveys of Consumers have been tracking consumers and their expectations about the direction of the stock market over the next year. We are now …