John-Mauldin-photo

John Mauldin is President of Millennium Wave Advisors.

“President Obama believes that Gov’t spending will somehow produce something. It’s neo-Keynesian. Gov’t spending in the short-term can increase GDP but it doesn’t increase productivity [Wow] If you want to do something longer term you’ve got to increase productivity. And it worked when we didn’t have a lot of debt. Now we have too much debt, the bond market won’t give it to us at reasonable rates. We don’t want to come to the cliff”.


Get Our Free In-Depth Books On Famous Investors and like our Facebook page for latest news updates and leaks. Also sign-up for our free under the radar small cap newsletter.