The Return of Muddle Through The dollar reaches new lows. The housing market shows no sign of a bottom. Oil almost touches $84 before backing off. Interest rates go up after the Fed cuts. So naturally the stock market keeps climbing. But then, consumer spending came in strong, employment looks like it...
Posted to
Thoughts From The Frontline
by
John Mauldin
on
09-28-2007
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Filed under: John Mauldin, The Dollar, The Fed, China, Recession, Inflation, GDP, Chinese Yuan, Euro, Housing Bubble, Credit Crisis, Muddle Through
Introduction This weekend I am in La Jolla at good friend Rob Arnott's conference. Princeton Professor Burton Malkiel, of Random Walk fame, will be one of the luminaries at the annual Research Affiliates Advisory Panel. So, with that thought in mind, this week we take a seemingly random walk through...
Introduction "I don't know whether change will come with a bang or a whimper, whether sooner or later. But as things stand now, it is more likely than not that it will be a financial crisis rather than a policy foresight that will force change." - Paul Volker How long can the United States...