Thoughts from the Frontline

Highly acclaimed free weekly investment and economic newsletter

"If you're not reading John Mauldin, you should be."

&8212;G. Gilder

John Mauldin is a renowned financial expert, a New York Times best-selling author, and a pioneering online commentator. Each week, over 1 million readers turn to Mauldin for his penetrating view on Wall Street, global markets, and economic history.

Join our 1 million readers today!

Start My Free Subscription

Reader Comments

"You are the most thought provoking, balanced and direct analyst I know of. I'm sure glad I read you several years ago and started following you."

—J.F.

"You really do have a fine ability to explain technical matters in an understandable way a very rare gift indeed!"

—M.A.

"I enjoy your letters more than anything I receive from my other email. I just enjoy the intellectual, friendly banter."

—D.B.

"Everyone I've referred to your newsletter loves it. You should take this show on the road."

—R.S.

"Your weekly e-letters are the most important investment document I receive each week."

—T.M.

"My wife and I have been reading your report since 2000. We have enjoyed reading every report. Thank you for being so honest, candid, and open with your readers."

—G.H.

"I just wanted to let you know how much I appreciate your letter. I look forward to it every week. There are not many blogs or investment letters I trust but yours is one. I also like the fact that you are regular guy, a bright one, yes, but one I can identify with."

—M.B.

"During this volatile and unpredictable stock market, John provides some brilliant insights about what is really going on in the economy, both nationally—and globally. Every investor should receive this FREE weekly E-Letter."

—B.K.

The readers comments are specifically in reference to Thoughts From the Frontline e-letter published by InvestorsInsight Publishing, Inc. These comments in no way are testimonials or comments on the investment advisory firm Millennium Wave Advisors, LLC. For privacy policy reasons initials have been used for each reader's comment.

Latest Issue

Recession: Are We There Yet?

February 22, 2019

An old joke says economists predicted 15 of the last 10 recessions. In other words, they’re frequently wrong and often too pessimistic.

I think it’s not so simple. Every recession prediction is eventually correct; some just get the timing wrong. That’s because, so long as we have a business cycle, a recession is always coming. The only question is when it will strike.

There’s also some dispute about what, exactly, counts as “recession.” The usual definition is two consecutive quarters of falling real GDP. But as I’ve written, GDP itself is a nebulous statistic with substantial margin of error. We can never be quite sure.

My own outlook has been consistent: The current growth phase is getting old and will end as they all do, but we probably have another year or so. That is about as far out as my data reads can actually give us any statistical confidence. Macro events like Federal Reserve error, trade war, ugly Brexit, and others could hasten the decline. But as of now, the US and the developed world seem likely to sustain at least mild growth through 2019.

That doesn’t mean we rest easy. It means we have time to prepare for the worse conditions that we know are coming. How much time? That will be today’s topic as we review some recent analysis.

First, a quick invitation. My personal physician at the Cleveland Clinic, Dr. Mike Roizen, is holding a private conference call with Chris Wood of Health & Wealth Research. They’ll be discussing the nine supplements Mike says can...

Read Full Newsletter

Connect With Mauldin