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...
by John Mauldin | Sep 17, 2021 | alerts, Markets/Economy, Mauldin Economics
If the inflation numbers leave you scratching your head, join the club. The August data was especially perplexing. The Producer Price Index came in hot, up 8.3% in the last year, inviting 1970s comparisons. Obviously, our current situation is different in many ways....
by John Mauldin | Sep 10, 2021 | alerts, Markets/Economy, Mauldin Economics
I have been writing this letter for 22 years. Sometimes I look into the future and other times merely try to explain the present. Today I’m going to look at several possible futures. There are forces at work in both Congress and the Federal Reserve that could take us...
