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From the Blogosphere
Why I am an Optimist
November 28, 2009
By John Mauldin
Subprime Dubai More Government Data Fun:Unemployment Claims Were Not DownWhy I Am Optimistic About the FutureThe Millennium WaveNew York and My Own Psychic Income <>I admit that of late my writings have had a rather dark tone. There are certainly a number of severe long-term problems that we must deal with, and they’re going to serve up a lot of economic pain. But the Thanksgiving weekend with the kids has me in a reflective mood, and one that has only served to underscore my long-term optimism. This week we look at why 2007 will not be the good old days we wil><>><>><>< />><>><>><><>>><>><>><>><>><>><>><>><>><>< />><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><>><><>>><>><>><>><>><>< />< /><>>< /><>>><>><>><>><><>< />>< /><>< />>><><>< />><>< />><>< />><>< />><>< />><>< />><>< />><>< />><>< />><>< />><>< />>>...
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The Glide Path Option
<table width="600"><tbody><tr><td><table width="600"><tbody><tr><td>The Glide Path Option</td></tr><tr><td>November 6, 2009 By John Mauldin</td></tr><tr><td>The Present Contains All Possible Futures</td></tr><tr><td>The Ugly Unemployment Numbers</td></tr><tr><td>Argentinian Disease</td></tr><tr><td>The Austrian Solution</td></tr><tr><td>The Eastern European Solution</td></tr><tr><td>Japanese Disease</td></tr><tr><td>The Glide Path Option</td></tr><tr><td>Philadelphia, Orlando, and Phoenix</td></tr><tr><td> </td></tr></tbody></table></td></tr><tr><td height="1"> </td></tr><tr><td height="1"> </t...
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Another Finger of Instability
October 2, 2009
By John Mauldin Fingers of Instability
Ubiquity, Complexity Theory, and Sandpiles
Stability Leads to Instability
A Stable Disequilibrium
3 Billion and Counting
The Texas Senate Race – A Game Changer
60 Years and Counting<><>“To trace something unknown back to something known is alleviating, soothing, gratifying and gives moreover a feeling of power. Danger, disquiet, anxiety attend the unknown – the first instinct is to eliminate these distressing states. First principle: any explanation is better than none… The cause-creating drive is thus conditioned and excited by the f>>...
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Welcome to the New Normal
Welcome to the New Normal September 25, 2009
By John Mauldin What We See And What We Don’t SeeThe Statistical RecoveryA Double-Dip Recession?Welcome to the New NormalBirthdays, New Orleans, and then the Road Trip from Hell~~~ <>Unemployment is high and rising. But if the recession is over, won’t employment start to rise? The quick answer is no. We look deeper into the Statistical Recovery and find yet more reasons to be concerned about near-term deflation. This week we consider all things unemployment and ponder the need to create at least 15 million jobs in the next five years to retu< />><>><>< />><>< />><>< />><>><>><>< />><>><>< />><>< />><>><>< />><>><>< />><>><>< />><>><>< />><>><>><>><>><>><>><>< />><>< />><>< />><>><>< />><>><>><>><>><>< />< />><>><>< />< />< />< />< />< />< />><>< />< />< />< />><>< />< />< />< />><>< />< />< />><><>>< />< />< />><>< />< />><>><>< />< />< />< />><>< />< />< />< />< />><>< />< />< />< />><>><>><>< />< />< />< />><>< />< />< />< />><>< />< />< />><>< />< />< />< />< />><>< />< />< />< />< />><>< />< />< />><>><>< />< />><>><>< />< /><>>><><>>><>><>><>><><>< />>< /><>< />>><><>< />><>< />><>< />><>< />><>< />><>< />><>< />><>< />><>< />><>< />><>< />>>...
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The Elements of Deflation
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<>As every school child knows, water is formed by the two elements of hydrogen and oxygen in a very simple formula we all know as H2O. Today we start a series that starts with the question, What are the elements that comprise deflation? Far from being simple, the “equation” for deflation is as complex as that of DNA. And sadly, while the genome project has helped us with great insights into how DNA works, economic analysis is still back in the 1950s when it comes to decoding deflation. Notwithstanding the paucity of understanding we can glean from the dismal science, in this week’s letter we wil< />< />><>< />< /><>>><><>>><>< />><><>><>>< />< />< />< />< /><>>><>< />< />< />< />< />><>< />><>< />< />< />< />< />><>< />< />< />< />><>< />< />< />< />< />< />< />><>< />< />< />< />< />< />><>< />< />< />< />< />< />< />><>< />< />< />< />< />><>< />< />< />< />< />< />><>< />< />< />< />< /><>>><>< />< />< />< />< />< />><>< />><>><>< />< />< />><>< />< />< />><>< />< />< />< />< />><>< />< />< />><>< />< />< />< />< />><>< />< />< />< />< />><>< />< />< />< />< />< />< />><>< />< />< />< />< />< />< />><>< />< />< />< />< />< />< />< />><>><>< />< />< />< />< />< />><>< />< /><>>< /><>>><>< />><>< />< />< />< />< />< />><>< />< />< />><>><>< />< />< />< />< />< />< />><>< />< />><>< />< />< />< />< />< />< />< />< />< />< />><>< />< />< />< />< />><>< /><>>< />< />< />< />< />< />< />< />><>><>< />< /><>< />>< />><>< />><>< />< /><>>< />< />< />< />< />><>< />< />< />< />< />< />><>< />><>< />< />< />< />><>< />< />< />< />< />< />><>< />< />< />< />< />< />><>< />< />< />< />< />< />< />><>< />< />><>< />< />< />< />><>< />< />< />< />< />< />< />><>< />< />< />><>><>< />< />< />< />< />><>< />< />< />< />< />< />< /><>>< />><>< />< /><>>><>< />< />< />< />><>< />< />< />><>< />< />><>< /><>>><><>>><>><>><>><><>< />>< /><>< />>><><>< />><>< />><>< />><>< />><>< />><>< />><>< />><>< />><>< />><>< />><>< />>>...
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