Start Moving Some Dirt

JohnMauldin2In this newsletter John Mauldin writes that there is a reasonable certainty that the next president of the United States of America will have to deal with a recession early on in his or her term of office. He predicts that this recession will be a fairly serious recession with an even slower recovery than last time. Sometime in 2019, he writes, entitlement spending, including defence and interest will consume all the tax revenue collected by the US government. That means all spending for everything else will have to be borrowed. So what's the solution? Mauldin thinks that using bond finance to pay for infrastructure projects might be the way forward. Read more