This week I offer two short essays for your reading pleasure in Outside the Box. The first is from Ambrose Evans-Pritchard writing in the London Telegraph. He gives some more specifics about the situation in Europe I wrote about this weekend. He ends with the following sober quote: "My awful fear...
Posted to
John Mauldin's Outside the Box
by
John Mauldin
on
07-20-2009
Filed under:
Filed under: Japan, GDP, Paul McCulley, Banks, Pimco, Europe, European Banks, Ben Bernanke, Paul Krugman, Britain, Ambrose Evans-Pritchard
Europe on the Brink And Then There Was Leverage Too Big To Save Those Wild and Crazy Swiss A Positive Third Quarter? New York and Maine We have avoided Armageddon, at least for now. The cost to the US taxpayer has been a few trillion. Some in the media are loudly announcing the end of the recession....
This week's Outside the box looks at some very interesting research done by two economic historians, Barry Eichengreen of the University of California at Berkeley and Kevin O'Rourke of Trinity College, Dublin They give us comparisons between the Great Depression and today's downturn. They...
This Time It's Different* Peter Bernstein, R.I.P. Welcome to the New Normal The Three Amigos Credit Spreads - Bullish or Bearish? ISM - Is Less Bad That Good? Contain Your Enthusiasm London, The Baltics, and Rome I have often written that the four most dangerous words in the investment world are...
Before we get into this week's Outside the Box, let me give you a few pieces of data that came across my desk this morning, which will help set the stage for the OTB offering. Fitch (the ratings agency), in a downgrade of yet another 543 mortgage-backed securities of 2005-07 vintage, gives us the...
Posted to
John Mauldin's Outside the Box
by
John Mauldin
on
06-15-2009
Filed under:
Filed under: Housing, Japan, GDP, Recession, Household Wealth, Global Economy, Germany, Europe, Employment, Will Hutton, Paul Krugman, Fitch
Things That Go Bump in the Night A Trillion Dollars as Far as the Eye Can See The Global Recession Gets Worse Where Will the Money Come From? The Paradox of Deficits Naples, London, and Eastern Europe From ghoulies and ghosties And long-leggedy beasties And things that go bump in the night, Good Lord...
This week we look at the European bank markets through the eyes of my London partner Niels Jensen, head of Absolute Return Partners. I continue to believe that this is a brewing crisis which could have far more significant implications for the global economy than the Asian Crisis of 1998. In this week's...
Posted to
John Mauldin's Outside the Box
by
John Mauldin
on
03-02-2009
Filed under:
Filed under: Credit Crisis, GDP, Global Economy, Niels Jensen, Absolute Return Partners, Germany, Europe, European Banks, European Union, Austria, Public Debt
While Rome Burns The Risk in Europe The Euro Back to Parity? Really? Back to the Basics Living in Paradise The 20-Year Horizon If I Had a Hammer New York, Las Vegas, and La Jolla When I sit down each week to write, I essentially do what I did nine years ago when I started writing this letter. I write...
Time for a Reality Check World Trade Is Falling Off a Cliff European Bank Losses Dwarf Those in the US Geithner: "You Can't Handle the Truth" Earnings Will Get Even Worse Orlando, Colorado Springs, New York, and Las Vegas It is not just the US that is in recession. The world is slowing...
Posted to
Thoughts From The Frontline
by
John Mauldin
on
02-14-2009
Filed under:
Filed under: China, Japan, Globalization, Europe, GDP, Earnings, Debt, Euro, Russia, Economic Crisis, Forecast, TARP, Obama, Stimulus, World Trade, Tim Geithner, Leading Economic Indicators, Bank Losses, Exports