by John Mauldin | Aug 14, 2020 | alerts, Markets/Economy, Mauldin Economics
“It’s a recession when your neighbor loses his job; it’s a depression when you lose yours.” —Harry S. Truman, 33rd US President In recent weeks, numerous commentators started to suggest the US and the world are entering a depression. For some...
by John Mauldin | Aug 7, 2020 | alerts, Markets/Economy, Mauldin Economics
As I file this letter Friday morning, people are reacting to the July jobs report. My own reaction: The headline report is absurd. I will explain further at the end of this letter. But first, I have another topic. Regular readers know I worry about debt, mainly that...
by John Mauldin | Jul 31, 2020 | alerts, Markets/Economy, Mauldin Economics
One of COVID-19’s many less-than-obvious consequences is the way it makes us look inward. Facing mortality has always done that, of course. West Texas Judge Roy Bean reportedly said, “Nothing focuses the mind like a good hanging.” For the vulnerable and those of us of...
by John Mauldin | Jul 24, 2020 | alerts, Markets/Economy, Mauldin Economics
“In the short run, the market is a voting machine but in the long run, it is a weighing machine.” —Benjamin Graham You may have noticed a bit of manic activity in the stock market. You may have also noticed inflation (as measured by various government...
by John Mauldin | Jul 17, 2020 | alerts, Markets/Economy, Mauldin Economics
Politicians love saying small businesses are important to the economy. In this case, it isn’t just rhetoric. The millions of little companies with a handful of workers are, collectively, more important than the few hundred large enterprises we see in the news. That’s...
