Featured in John Mauldin’s Guru Blog on EQUITIES Magazine Website
John Mauldin’s latest post,” Catching Argentinean Disease”, discusses the U.S. growing government fiscal deficit and massive future liabilities such as Medicare and Social Security. Further, Mauldin examines the economic history of Argentina and how it should be regarded to as an object lesson that all the resources in the world can be set at zero by financial mismanagement.
In Latin America hyperinflation is not a theoretical issue; it has been a reality. For many Latin Americans, the dollar has been their safe haven and now they are worried, with good reason. The main force in the economy right now is deflation.
The Fed will fight deflation tooth and nail but they don’t have to buy government debt to fight deflation. They can fight deflation without encourage the government to run massive deficits. Mauldin believes that as long as the Fed maintains its independence, the U.S. will not experience hyperinflation. To not maintain independence is to court economic disaster of the first order.
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About John Mauldin:
John Mauldin is the President of Millennium Wave Advisors, LLC (MWA) which is an investment advisory firm registered with multiple states. John Mauldin is a registered representative of Millennium Wave Securities, LLC, (MWS) an NASD registered broker-dealer. MWS is also a Commodity Pool Operator (CPO) and a Commodity Trading Advisor (CTA) registered with the CFTC, as well as an Introducing Broker (IB). Millennium Wave Investments is a dba of MWA LLC and MWS LLC.
About EQUITIES Magazine:
Since 1951, EQUITIES has served both retail and institutional investors by examining industry trends, analyzing strategies and opportunities, and profiling financial leaders and emerging public companies. Its global audience increased dramatically after the launch of its European and digital versions, as well as its website, which provides free real-time market quotes and a free customizable, real-time portfolio-management interface. EQUITIES is also one of a select group of publications available on the Apple iPhone.
