Pretty cheap to trade these days—$7 or whatever. Costs less than lunch. Some online brokers will give you the first 50/100/200 trades free. What a deal! But there are consequences. Also read: Q2/H1 Hedge Fund Letters – Conferences, Calls, And […]
Author: Mauldin Economics
US Equities Destined For Negative Returns In The Next 7 Years?
With the S&P 500 up 260% since March 2009, investors have been well rewarded for holding US stocks in the recent past. However, the prime time of US stocks has come to an end. Here’s why. Also read: Q2/H1 Hedge […]
Infographic: The Everything Bubble Is Ready To Pop
It wasn’t always this way. We never used to get a giant, speculative bubble every 7–8 years. We really didn’t. In 2000, we had the dot-com bubble. In 2007, we had the housing bubble. In 2017, we have the everything bubble. I […]
Americans Don’t Grasp The Magnitude Of The Looming Pension Tsunami
Total unfunded liabilities in state and local pensions have roughly quintupled in the last decade. [REITs] Also read: Q2/H1 Hedge Fund Letters – Conferences, Calls, And More Fund of funds Business Keeps Dying Baupost Letter Points To Concern Over Risk Parity, Systematic […]
The 5 Biggest Bubbles In Markets Today?
Bubbles aren’t new-they’ve been around since Dutch tulips-but it’s only recently that they’ve worked their way into the average investor’s lexicon. That’s probably because bubbles happen much more frequently these days. We never used to get a giant speculative bubble […]
In 10 Years, Your State May Well Be In The Same Place Where Puerto Rico Is
This is the first time on record that two Category 4 hurricanes have struck the US mainland in the same year. Worse, Harvey and Irma landed on some of our most valuable and vulnerable coastal areas. So now, besides all […]
The Fed Swamp And Broken Window Fallacy
For this week’s Outside the Box (subscribe here for free), we have a two-parter of short essays. They are unrelated but equally important. First, in “Time to Drain the Fed Swamp,” Brian Wesbury and colleagues at First Trust make the case that […]
The US Government’s Promised Entitlements Exceed The Budget 7x In Some States
The US government balance sheet features $80 trillion to $200 trillion in unfunded liabilities. This amount stems from future entitlement program burdens that are, in effect, government promises. [REITs] Also read: Q2/H1 Hedge Fund Letters – Conferences, Calls, And More […]
Harvey Might Mislead The Fed Into Another Policy Error
Hurricane Harvey wreaked havoc on South Texas and Louisiana. As a lifelong Texan, I have many friends in that region. They’ve lived through many storms and normally take what nature throws at them in stride. Not this time. I am […]
The US Debt Bubble Will Soon Warrant Serious Measures
There is big debate over the exact amount of global debt. Parts of it get hidden in many out-of-the-way pockets. But broadly speaking, global debt is about 325% of GDP, and likely over $225 trillion as I write. Also read: […]
ETFs Are A Convenient Yet Very Dangerous Tool For Investors
Here’s the least original statement of 2017: There are a lot of different ETFs. There are: Equity ETFs International ETFs Fixed income ETFs Currency ETFs Commodity ETFs Volatility ETFs There are more… plus leveraged and inverse versions of most of […]
