Today, additional evidence that recession — or worse — is in sight.
But first, it appears the “Powell put” may extend the countdown clock…
Since Jerome Powell’s dovish comments on Friday, the Dow Jones has been up and away… as an addict thrills to the promise of additional stimulant.
It leaped another 256 points today. Continue reading
If you put together a list of the world’s most brilliant, most famous investment experts… they were all at John Mauldin’s Strategic Investment Conference last month.
My head is still spinning with all the information and investment ideas I heard at the conference, but the consensus among the majority of speakers was that things are going to get ugly.
Lacy Hunt, David Rosenberg, Neil Howe, Jim Grant, Mark Yusko, Gary Shilling, and even John Mauldin (watch video interviews with these speakers on Mauldin Economics’ Youtube channel) painted a very pessimistic picture for the stock market—but the most alarming comment came from Richard Fisher.
Great article, great insight:
But let’s make no mistake. The sovereign debt crisis is not over. Not in Europe, not in Japan, and not in the US. It is in a lull period. And don’t give me that old shibboleth, “The market is telling us that the crisis is over.” The market knows a lot less than many pundits believe. What did the market know in mid-2007? Not very much, although the warning signs were clear, at least to some of us.
Full article: There Will be Contagion (John Mauldin) (Note: Article is a .pdf file. Download link is below title.)
Global Geopolitics 