I like his optimism but I think he's too optimistic.
He doesn't mention the coming food riots and martial law....so....I don't know.
Is that 'Black Helecopter' stuff?
I have read John Mauldin before and he has never been a real doom and gloomer. This isn’t exactly a 180, but he is getting much more negative.
If it's "officially" 10% then we can be sure that food and fuel will double (annually). A year or two of that and Joe Public will dump their dollars for whatever appears to hold value.
I’ve been trying to figure out if now is a good time to buy a house...and if so would it be smart or stupid to pay cash for it? When governments feel the squeeze, they are going to try to get more tax money from all of us. I expect property taxes will go through the roof right before the collapse, and that lots of people will lose their homes from tax increases alone.
One of the many non-topics on FR is the “ - - - government debt bubble - - - “ , or GDB
The current Primary Campaign was to easily distracted from the GDB by The antics of the Liberal Agenda Media, and by the Candidates breaking the Reagan Rule.
Put me on your PING list for any and all GDB threads that you or other financial FReepers post.
The Rule of 72 is about to hammer our sorry Federal “Public Servants” within a few months about the symptoms of the GDB such as re-visiting “the National Debt Ceiling,” “getting Federal Spending under control,” and of course, my favorite: “Balancing the Budget.”
The next time a Republican President “Balanced the Budget” in the last 85 years will also be the first time.
IMHO, the GDB will be far worst of a Recession in the next four years, than the recession of the last four years caused by the bankruptcies of FHA, Freddy and Fannie.
BTW, will that collapse of the housing in the USA become known as the “Fannie Bubble?”