A week of unseen things

JohnMauldin2 2This week John Mauldin looks at the US employment report’s relevance to an interest-rate increase, China’s stock market falls, Puerto Rico’s $72 billion in debt and the Greek referendum.  He begins his commentary by noting that there is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen. Read more