Thoughts from the Frontline

The GDP Waltz

By John Mauldin

February 1, 2002

Is the Recession Over?
The GDP Waltz
The Middle of The Muddle
Federal Reserve Oatmeal
Against the Gods
Derivative Pleasures
Home Again, Home Again

What an amazing week. The data deluge as I came back into the office from Florida was staggering, and I write this letter late at night after a day of reading and thinking.

Is the recession over as every other talking head asserts? Are we on our way to another double-dip recession as others suggest? Or, are we simply going ever further into the Muddle Through Economy? Let's look at the data, answer a few of your questions and then briefly look at a fascinating book which helps us understand how the world ended up with $100 trillion in derivatives, and whether we should be worrying about them.…

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