by John Mauldin | Oct 22, 2021 | alerts, Markets/Economy, Mauldin Economics
Because I believe in the division of labor, I rarely use hand tools today. In the ‘80s and ‘90s, I had two 4 x 8 pegboards on my garage wall full of tools along with my large Craftsman toolbox. I had the right tool for every job around the car, house, and yard. I...
by John Mauldin | Oct 15, 2021 | alerts, Markets/Economy, Mauldin Economics
At the risk of overusing a favorite metaphor, today we’ll talk about sandpiles. My past sandpile stories focused on financial crises. The same principle holds in any complex system, though. Everything works until suddenly it doesn’t. As Minsky said, stability breeds...
by John Mauldin | Oct 8, 2021 | alerts, Markets/Economy, Mauldin Economics
Historical comparisons are always risky. This is particularly so when comparing different eras in vastly different countries like the US and China. Similarities can actually obscure more important differences. Nevertheless, familiar knowledge can help build a...
by John Mauldin | Oct 1, 2021 | alerts, Markets/Economy, Mauldin Economics
Six months ago, few Americans had heard of Evergrande. Now many worry this Chinese property developer’s downfall will start an economically devastating chain reaction. They’re right about the chain reaction part, but I don’t think it will “devastate” anyone outside...
by John Mauldin | Sep 24, 2021 | alerts, Markets/Economy, Mauldin Economics
I have written several letters on the theme that the best investment posture is cautious optimism. Pessimism and bearishness never get you in the game, while untamed optimism means that at some point, you’ll have a serious setback. The cautiously optimistic investor...
