by John Mauldin | Nov 17, 2023 | alerts, Markets/Economy, Mauldin Economics
If you get beyond the political rhetoric [and assembled a group to solve Social Security] it would take them 15 minutes. It would take them 15 minutes only because 10 minutes was used for pleasantries. —Alan Greenspan, Speech to the Commercial Finance Association on...
by John Mauldin | Nov 10, 2023 | alerts, Markets/Economy, Mauldin Economics
Exploring federal budget data is a journey through endless rabbit holes, some of which are eerily close to Alice in Wonderland insanity. Countless variables interact in unexpected ways. Seemingly small changes can cascade into billions of dollars within a few years....
by John Mauldin | Nov 3, 2023 | alerts, Markets/Economy, Mauldin Economics
Identifying problems is great. Identifying solutions is even better, especially when the politicians who are supposed to be solving our big problems don’t even try. In last week’s Debt Catharsis letter, I offered some ideas to start fixing the federal debt problem. To...
by John Mauldin | Oct 27, 2023 | alerts, Markets/Economy, Mauldin Economics
The ancient Greeks had a word κάθαρσις, which in English we now spell as “catharsis,” although it’s pronounced basically the same. It originally referred to purifying religious ceremonies, medical treatments, and so on. Aristotle was the first we know to have used the...
by John Mauldin | Oct 20, 2023 | alerts, Markets/Economy, Mauldin Economics
We have been looking at big historical/economic/political cycles for the past two months. We reviewed Neil Howe’s Fourth Turning concept, then George Friedman’s twin US institutional and socioeconomic cycles, then Peter Turchin’s “cliodynamics” concept, and then Ray...
by John Mauldin | Oct 13, 2023 | alerts, Markets/Economy, Mauldin Economics
When your system, whatever it may be, is working extremely well, we used to say it’s “firing on all 8 cylinders.” What does that mean? A gasoline motor contains metal cylinders inside which the gasoline burns (hence “internal combustion engine”) and causes belts and...
