Thoughts from the Frontline

A Critical Juncture

By John Mauldin

September 9, 2005

A Critical Juncture
What Will the Fed Do in 10 Days?
A Four-Pronged Attack Upon the US Economy
A Response From a General in the National Guard
Palo Alto, San Diego, Toronto and Houston

This week we once again look at Fed policy, the economy and some very interesting statistics and commentary from some very thoughtful commentators. We are coming to a critical juncture. Future Fed policy making decisions are rather murky at this point, and we examine why, and why it is important to you.

Also, last week, in response to some ad hoc comments in my weekly letter about why it took so long to get soldiers into New Orleans, I received a thoughtful, articulate response from Brigadier General Gregory Zanetti of the New Mexico National Guard. I think you will find the full unedited letter to be of some interest. I think this is a letter you might want to forward to your friends, and at least suggest they read the letter at the end. All in all, it should make for an interesting weekly letter.

Let me interrupt the regular letter to note we have had a large number of new readers subscribe in recent months. Let me take this opportunity to welcome you. This week is more or less my fifth anniversary of writing this letter. We started with just a few thousand email addresses in September of 2000, and I am pleased to say that well north of 1,000,000 friends get this letter each week. And I…

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