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The Stumble Through the Economy

Released on Friday, July 24, 2020MARKETS
What lies in the near future for the markets and the economy? US monetary and fiscal policy has gone past the point of no return. We have embarked upon a course of lower interest rates, yield curve control, higher deficits, and government spending. To reverse course would mean a serious depression. No one wants to vote for pain. Eventually, it will not end well, but until that point there will be plenty of opportunity.

John Mauldin
Mauldin Economics, Chairman

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