500 years - Bear Markets, Fed Mistakes, and Quick Shots from John

https://ggc-mauldin-images.s3.amazonaws.com/uploads/pdf/TFTF_Dec_28_2018_2.pdf



"The markets in the future are not going to get any easier to navigate than they have been the last few weeks. In fact, if anything, they are going to become even more difficult. And so is the social environment, not to mention the political environment. We are in the last half of the Fourth Turning (the end of a repeating 80-year cycle). In fact, we are approaching the last half of the last half, and for the last 500 years of Anglo-Saxon history, that has been the most volatile period of history, with wars and worse often accompanying that period. I’ve been having deep and long conversations with Neil Howe and Pat Caddell and other political and social commentators that frankly leave me troubled… indeed, very troubled and worried. It isn’t time for dried food, guns, and gold, but it is also not going to be business as usual."