Thoughts from the Frontline

Of Deficit and Dollar Directions

By John Mauldin

April 5, 2002

Of Deficit and Dollar Directions
Prediction? What Prediction?
Competitive De-Valuation Raceway
Muddle Through Rules
More Why Investors Fail
California and New York

Two summers ago, I went on an Alaskan Cruise with #2 daughter. One of the highlights was flying by helicopter to several glaciers. Seeing the huge valleys these glaciers had dug into the bare rock of massive mountains was impressive.

In today's investment world, there is another glacier that is beginning to slowly move down the mountain. It also has the potential to leave a huge valley when it departs. I am referring to the trade deficit and its effect on the dollar. We have visited this theme before, but looking at the investment scene today, I think it is one of the most important stories around. Plus, I was pointed to a Federal…

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