The Credit Crisis Revisited, Part 2

John Mauldin  Sep 02, 2008 2:30 pm

The Credit Crisis Revisited, Part 2
 
Entering phase two of the crunch.
 

 

Baltimore, La Jolla, South Africa, and London

On a personal note, things are going well. My arm is much better. The doctor said I tore a pronator muscle which broke a vein and resulted in some serious pain for about a week and a very ugly bruise along my whole arm. Who knew golf was such a rough sport?

My oldest son Henry just graduated from the University of Texas at Arlington with a degree in history, after going part-time for 8 years. He has worked at UPS all that time, but kept at his school work. I am proud of him. He turned 27 yesterday.



Tiffani is back from her honeymoon with Ryan. She says she will have pictures up in a week or 2, and I will post a link.

Business is good. I am amazed at the opportunities out there. I will be in Baltimore next weekend for Bill Bonner’s birthday. Then on to La Jolla to meet with my partners at Altegris (and drinks with Richard and Faye Russell).

The next weekend, I host Chuck Butler of Everbank and his compadres from the Sovereign Wealth Society at a Friday night Rangers game, and then take off the next morning for South Africa for a speech, then back to London for a day to meet with the team (and my partners) at Absolute Return Partners.

Life is busy but good. And this weekend I am going to take it easy and fire up the grill for some steaks and barbecue at Tiffani’s new home. It will be a great weekend. And I hope your Labor Day will be as enjoyable. (There will be no Outside the Box on Monday.)


Your happy I don’t have to figure out the Freddie and Fannie mess analyst,
John Mauldin

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Comments (4) See All Comments »
09-02-2008, 5:15 pm
If Forbes hired you and fired Patrick Rucker not only would todays close of fre and fnm been drastically different but their magazine would be far better and more aligned with the realities of today something they have completely missed.

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09-02-2008, 7:01 pm
The only bright side to bailing out Freddie and Fannie is that it will make Bill Bonner wrong in his prediction of a soft depression.

I guess you mean that the depression will be long and deep.

Taking everyones money - inclu
Read More
09-03-2008, 11:05 am
At the "end of the day" (Lord how I hate that saying) the final analysis will read like the Richard (strange, couldn't use the word Di#k) and Jane Basal Reading Series...See Fannie and Freddie fall. See Fannie and Freddie fail. Se
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09-22-2008, 12:35 pm
I am wondering about the behavioral impact of all these socialist bailouts. Henceforth, employees of organisations in US will take irrational risks without any fear.

Come next economic cycle, it will be interesting to see which sector wi
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