Wednesday, December 16, 2009, 6:01PM ET - U.S. Markets Closed.
"We are in uncharted waters. But the captains of the boats are all Keynesians," Mauldin says, meaning they believe government spending is key to fighting the downturn. "They will keep spending until the economy reflates."
Mauldin, who has been notably bearish on the economy and stocks in his popular Thoughts from the Frontline e-letter, does not believe the government will be successful in turning the economy anytime soon; "this recession is going to be the longest in anyone's memory," he writes. "It is going to seem like it is never going to end."
Still, he does believe the government spending will prevent the most dire economic outcome and that from the rubble of Wall Street a new, private banking system will emerge - even as the government continues to prop up the old, failed model.
Money on the table already as promise of stimulus and Bail-out................It wa pointed since last October.......What is bad in it........Money or without money to run the business.....Money can move the mountain........Economy will be moving this time because of availablity of capital...........Available capital is not run dry.........Which is better with fund or without funds to produce capital goods and services........I am afraid if there is no additional capital and thing run dry.....Nothing to fear as long as there is capita; backing.......Cash is a king....We have cash.... What is to fear then.....? Bonanza.....!....Shut your mouth...Which good with momey or no money.....?.....
I agree with Mauldin's point of view 100%. I am now reading a book that he edited and published in 2006, "Just One Thing" - absolutely brilliant, so far. One of the authors for the book, Gary Shilling, Ph.D., was especially impressive with his predictions. I can only hope that my predictions for 2009 do not turn out to be as on the money as Gary's: http://stockvalues.org/economy-2009-fortune-magazine-top-stocks
Please...could we cut the tripe? Of course the banking system must be nationalized. Nationalization will allow the nation as a whole to watch over the financial system. At this point there is no other way to lessen the present criminality in finance.
Which is good with money or no money for the business........With massive capital or without capital.........If you are in the business which is better with capital or without capital to spend..........Good the federal is now a Venture Capitalist.................The motives of business is profit....In the long run that Government Investment will come back double, treble or even ten folds once the recovery works.....Okay Bonanza........ We are in business so the government too...........
I think I'll go polish my kruggerand.
im reading "Just one thing" right now also. just finished his last book "bulls eye investing." I think Mauldin is great, only wish i discovered him earlier
PUT THE CROOKS IN JAIL. MAKE AN EXAMPLE OF THEM. LEAVE THEM THERE TO ROT. THEIR REPLACEMENTS WILL THINK TWICE BEFORE FOLLOWING IN THEIR FOOTSTEPS. THE ECONOMY IS IN THE TOILET. IT'S TIME THAT THE GOVERNMENT START ACTING LIKE A GOVERNMENT, AND START ERRATICATING THE SCUM, WHO ARE CAUSING, AND PROLONGING THIS SITUATION.
johnny ike it's really dificult to read your coments do you write these when your drinking?
dang! the only person making any money out of all this crap is the printer at the printing press. If it is in the Congressional record tat Congress can buy back the Federal Reserve for $450 million and have the Treasury print the dollars interest free to the taxpayers of this great land...will someone please give Congress the ba!!s tat Lincoln and Kennedy wore so they can....
They are using the money to prop up the stock market, so investors will buy more stock, so that when the powers that be let the market tank, they've got everyones money. This is a corporate (London Interbank System) take over of America. It's been about American citizens with lots of money who are loyal the the British Crown and her offshore accounts.
Markets will be down, no profits no reason to buy, put your money in FDIC accounts
I've seen governments SUCK before, but ours is the SUCKIEST bunch of SUCKS that ever SUCKED.
GOVERNMENT IS NOT THE ANSWER. THIS SPENDING WILL HELP IN THE SHORT TERM, BUT WE ARE GETTING SET-UP FOR A HUGE DEPRESSION DOWN THE ROAD. WHERE IS THE FISCAL RESPONSIBILITY???
Just throwing money at this damaged economy without careful stipulations and oversight simply means more inflation down the road.
825 billion dollar to save/create 4.1 million jobs? That is $200,000 per job........ I make $11.28 per hour and I want that $200,000 job...... Where do I apply?........
What o mean I do not like bail-out but in Modern world of today American Adopted the Keynesian theory of Economics........Which means massive spending and financing of the Government to private sector......What will follow or next in Keynesian theory is Massive Nationalization of all Industry...Like Socialist style of management.......See European system.....Do we have a choice......The choice is either bankcrupcy ir bail-out with stimulus......Do we have a choice...Yes or no...........Our CEO'S choice is greed in the past Now be ready to be sack once all business will be taken over by Government....Bail-out is just the start........I hope thing will be go allright if not.......Be ready to be Socialist State of America..........
Well put reedersong. I would add past and incoming government to your comment.
Congress is quick to cut checks to the banks, but you don't hear anything about securities regulations, bank reform and the reinstatement of Glass-Steagall. All they are doing is moving the Big Bang down the tracks a couple more years (i.e. hyper inflation). Dumb asses....
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Yahoo! Finance User - Thursday January 15, 2009 05:30PM EST
Somebody better clear this with Bejing, Tokyo, and the Gulf states first.