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
Filed under:
Filed under: John Mauldin, The Dollar, The Fed, China, Recession, Inflation, GDP, Chinese Yuan, Euro, Housing Bubble, Credit Crisis, Muddle Through
Introduction Be careful for what you wish, because you may get it, and sometimes as H. L. Mencken wrote, you get it good and hard. The collective brain deficit trust, otherwise known as the US Congress, wish for the Chinese to revalue their currency upwards. Today we look at why they may indeed get their...