The Direction of the Compromise - Mauldin

Posted by M ws On Tuesday, September 18, 2012 0 comments
Have you ever come across the writings of John Mauldin?

Ever since his breakthrough book, Just One Thing: Twelve of the World’s Best Investors Reveal the One Strategy You Can’t Overlook (Wiley, 2006), best-selling author, economist, and financial writer John Mauldin has been helping individual investors and institutions develop a clearer understanding of the forces driving the global economy and investment markets.

In addition to his public writings, John is a sought-after advisor to large hedge funds and to leading money managers and publishes an exclusive annual $40,000-per-user trading service offered through Bloomberg. More about him HERE.

Each week, well over a million readers turn to John Mauldin to better understand Wall Street, global markets, and the drivers of the world economy. And for good reason. John is a renowned financial expert, a New York Times best-selling author, a pioneering online commentator, and the publisher one of the first publications to provide investors with free, unbiased information and guidance, Thoughts from the Frontline—the most widely read investment newsletter in the world.

John’s company, Mauldin Economics, publishes a growing number of investing resources, including both free and paid publications aimed at helping investors do better in today’s challenging economy. You can find complete information about all Mauldin Economics publications AT THIS LINK.

I came across one of his articles which I would like to share with readers because his insightful perspective merits as much airing as possible.

The Direction of the Compromise by John Mauldin

"How did you go bankrupt?"
"Two ways. Gradually, then suddenly."
– Ernest Hemingway, The Sun Also Rises

We are often told that the current election is the most important in recent history. I think I have heard that in about ten presidential cycles, ever since I first voted, for McGovern, as a young man. And looking back, only about one of those elections actually qualified on that score. I think this election does have the potential to be one of those rare times, at least in terms of economic outcomes. In Thoughts from the Frontline we cover economics and investments, money and finance. We only rarely stray into the political world, and then only glancingly. Today, we cross that gray line, but at a somewhat different angle, as we look at the economic consequences of the political decision that will come with the choices we make in November in the US.

But it is not as simple as suggesting that choosing one party over the other will solve the nation's economic ills. If that were the case, we would not be facing the momentous challenge we now do, because both parties have had firm control of the levers of power in recent years, and both have failed to deal with what has become, at least for this economic analyst, the burning issue of the day. Indeed, both have made it worse. Today we look at what the choices are and the impacts of those choices.

The Economic Consequences of a Political Decision

The preview of economic consequences depends on your view of what the most important issues are that need to be decided (in terms of economics). Let me list my top ten.

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