On My Radar: Mauldin Strategic Investment Conference Wrap-Up - CMG

On My Radar: Mauldin Strategic Investment Conference Wrap-Up - CMG



 In the United States, the Fed’s balance sheet is 20% of GDP; in Europe, the ECB is 40% of GDP and in Japan, the BOJ is 100% of GDP.



“We’ve had non-inflationary boom and, in the next crisis, predicts we are going to have a “debt deflationary bust, but what that might morph into is high inflation or even hyperinflation.”



Bottom line: The global problem is debt. We sit late in the long-term debt super cycle. The debts are going to have to be restructured, written off, whatever and then we move on. “In the end the only way out of this mess is inflation.” You can find the full William White post here.



“When I look at markets, I first start to create a long-term big picture. I look at structural trends in economics, in demographics, in politics, etc. etc. And then I try to analyze the business cycle and where we sit in the cycle.”