Thoughts from the Frontline

The Super Trend Puzzle

By John Mauldin

January 30, 2004

The Super Trend Puzzle
The Aging of the Developing World
The Balancing Of Globalization
A Secular Bear Market
The Muddle Through Economy
Let It Snow

I start this week's letter somewhere over Kansas on the way to Lake Louise outside of Calgary, Canada. I have been giving a great deal of thought to a speech I will do tomorrow and have decided to make the speech the subject of this week's letter. I have been given no particular topic other then to talk about something that I find of interest, but to keep it to 40 minutes and 20 minutes for questions.

I am speaking to a conference sponsored by Peters and Company, which is a boutique energy investment bank. The 150 investors and clients are all in the energy investment business in one form or another. To me, that means they have a longer term time horizon than most investors, as investing in/finding a source of energy and bringing it to the markets is not a short term endeavor.

Having just finished (!)…

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