Thoughts from the Frontline

The Investment Matrix Revelations

By John Mauldin

June 27, 2003

The Investment Matrix Revelations
When Can We Make Long Term Money In Stocks Again?
Death and Taxes
The Most Dangerous Threat to Your Retirement
How to Lose 20% in Five Years - Guaranteed
Paris, Geneva and Points Beyond

This week the Fed cut rates by 0.25% as I predicted, yet the long rates have risen by over 0.50% from the lows. The dollar rises, gold drops and the stock market declines. On Tuesday, I was a guest of Ron Insana and Sue Herera on CNBC's "Business Center." During the interview, Ms. Herera asked me, "What would you like to see the Fed do?"

Since I normally simply analyze Fed actions rather than prescribe them (I assume Greenspan does not really care about my opinions) I was brought up a little short, and answered that I would like to see the Fed tell us whether they are going to work to bring down long rates, instead of merely hinting or suggesting or threatening. The answer would give us a real indication as to whether we will have a…

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