Future business activity will reflect two economic realities:
- the over-indebted state of the U.S. economy and the world; and
- the inability of the Federal Reserve to initiate policies to promote growth in this environment.
If that’s not a pithy, spot-on summary of our sorry situation, I don’t know what is! Read on for the details.
So says John Mauldin in his introduction* to Lacy Hunt’s (Hoisingtonmgt.com) 3Q “Review and Outlook” analysis.
Lacy backs up his conclusions with plenty of solid analysis, drawing on the latest and best research. [Please go HERE to read this most insightful analysis of the global economy.]