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Connecting the Dots

You don't need pristine conditions to make money—that's the takeaway readers get from Patrick Watson's free letter, Connecting the Dots. It dives deep into current US and world events, and investigates how you can leverage them to your advantage.

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Latest Articles

AI and Hot Mics

October 21, 2025

AI and Hot Mics

Artificial Intelligence will change everything, we are told. That remains to be seen. It’s certainly changed the stock market.

Does the Fed Matter Any More?

August 19, 2025

Does the Fed Matter Any More?

Almost everyone thinks the Fed will cut rates next month because job growth is weakening

Dissecting the TACO

July 15, 2025

Dissecting the TACO

Normally, any one person’s decisions have little economic effect… but we’re not in normal times.

Immigration Amnesty?

June 17, 2025

Immigration Amnesty?

Here’s something I don’t say often: President Trump is right.

Every Trump Trade Deal Is Temporary

May 20, 2025

Every Trump Trade Deal Is Temporary

Businesses don’t invest in countries where the government intentionally creates instability. This is why Trump’s tariffs can’t achieve their goals.

The Fed Can’t Save You This Time

April 15, 2025

The Fed Can’t Save You This Time

Say what you will about the economy, the 2020s haven’t been boring.

The DOGE Recession?

March 18, 2025

The DOGE Recession?

Just three months ago, a US recession seemed unlikely.

Eggflation Now, Milkflation Soon

February 18, 2025

Eggflation Now, Milkflation Soon

When someone mentions inflation, economists think about indexes. 

The Recession You Missed

January 21, 2025

The Recession You Missed

Remember the scary recession of 2024?

Healthcare Madness

December 17, 2024

Healthcare Madness

Another corporate leader, UnitedHealthcare CEO Brian Thompson, on a similarly unprotected walk down an NYC street, was shot and killed. 

Drill Baby Maybe

November 19, 2024

Drill Baby Maybe

Donald Trump’s return to the White House, with a Republican Congress firmly behind him, ought to help the oil and gas industry. Will it?

Trump, Tariffs, and Trust

October 22, 2024

Trump, Tariffs, and Trust

Donald Trump says import tariffs are awesome. 

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Every week, Patrick Watson clues investors in to the geopolitical, cultural, and technological forces disrupting the global economy.

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Connecting the Dots
Connecting the Dots
Patrick Watson

Patrick Watson

Editor, Connecting the Dots

Patrick Watson is a compulsive trend-observer and John Mauldin's senior economic analyst. He and John first began collaborating around 30 years ago, and he contributes research and ideas to John's wildly popular weekly e-letter, Thoughts from the Frontline. When John needs to make sense of the senseless, Patrick is often the first person he looks to.

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