by John Mauldin | Mar 6, 2020 | alerts, Markets/Economy, Mauldin Economics
In baseball, there is a kind of pitch called the “changeup,” designed to look like a fastball while actually going slower. The deceived batter swings too soon and misses. Strike, you’re out. The world has thrown a wicked biological changeup at the global economy. This...
by John Mauldin | Feb 28, 2020 | alerts, Markets/Economy, Mauldin Economics
For the last 3+ years, I have maintained it would take an “exogenous” event to send the United States into recession. Historically suboptimal growth? Sure, but sub-3% growth isn’t a recession. The coronavirus obviously qualifies as an exogenous event. But that doesn’t...
by John Mauldin | Feb 21, 2020 | alerts, Markets/Economy, Mauldin Economics
As I write this, a self-proclaimed “democratic socialist” is leading the race for one of our major parties’ presidential nomination. The fact that so many Americans (especially young Americans) support Bernie Sanders ought to tell us something. A Quinnipiac poll out...
by John Mauldin | Feb 14, 2020 | alerts, Markets/Economy, Mauldin Economics
The welfare of a nation can scarcely be inferred from a measure of [GDP].” —Simon Kuznets (who developed GDP), 1934 At the risk of restating the obvious, production should result in a product the producer can recognize. That’s the case even for intangible products....
by John Mauldin | Feb 7, 2020 | alerts, Markets/Economy, Mauldin Economics
Economists and investors are rightly obsessed with growth. We always want more of it. We worry it won’t come or, worse, might turn into contraction. Economists of all stripes, from Paul Krugman to Lacy Hunt, recognize economic growth cures all manner of ills. Yet,...
by John Mauldin | Jan 31, 2020 | alerts, Markets/Economy, Mauldin Economics
Regular readers know I often criticize so-called “experts,” usually economists or central bankers whose flawed decisions are punishing the rest of us. I find their expertise is not nearly as reliable as they seem to think. At the same time, I rely on experts whose...
