The Recession of 2011?
By John Mauldin, August 19, 2011
www.investorsinsight.com
John Mauldin's Thoughts From The Frontline is a highly acclaimed blog that's primarily focused on private money management, financial services, and investments.
My comment...
The oncoming recession will make the last one look like a picnic. The focus now is on cutting government spending rather than more government stimulus, so a third Federal Reserve Quantitative Easing (QE3) is highly unlikely, and would be ineffective, anyway. Expect the stock market to lose 40% or more of its value. In a deflationary environment, cash is king.
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