Thoughts from the Frontline

Analyse This, Merrill

By John Mauldin

April 12, 2002

Interest Rate Swapping
Greenspan’s Dilemma: Inflation or Recession?
Why Long Rates Are So High
Analyze This
Tragic Times
Travels: California Dreaming

Life in the Muddle Through Economy goes on. With all of the sturm and drang going on in the markets, most stock indexes are not too far from where they were at the beginning of the year, except for the NASDAQ, which has been far from reality for a long time.

This week's e-letter is going to deal with a few dirty little secrets of the investing world, though we'll try to keep our hands clean while we look at e-mails and accounting reports. The sensitive among you might want to wear gloves for this e-letter. This promises to be an interesting ride, so let's jump right in.

Today we find more support for our Muddle Through thesis. For new readers, that means…

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