Thoughts from the Frontline

House of Credit Cards

By John Mauldin

April 19, 2002

House of Credit Cards
Point: The Trade Deficit Expands
The Fed IS Worried About Inflation
The Data Says: Muddle Through
An 8.7% Yield While We Get Older
More Value Coming Your Way

Today, we will look at a company that will pay you 8.7% a year because you are getting older. Yes, my Maine Source for value investing has come up with a gem for this month's value stock.

But first, we are going to examine a HUGE deluge, a veritable tidal wave of data, that has been dumped into your intrepid analyst's lap (top) this week, all of which points to the truth of my primary macro-economic theme: we are in a Muddle Through Economy. In fact, we can start to see real reasons that suggest we will be in a Muddle Through Stock Market for a long, long time. And that,…

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