John Mauldin on drink, fish and the economy
John Mauldin, author of the weekly e-mail newsletter Thoughts From The Frontline, last weekend attended “Camp Kotok”, an annual gathering of a few dozen economists and gurus in the wilds of Maine to drink, fish, and argue about the economy. In an interview with Yahoo Finance – Tech Ticker, he summarised the prevailing consensus about the economy as follows:
• Most are worried about deflation, at least in the short run. In the long run, the concern is inflation.
• Most expect the economy to stay crappy for a while.
Mauldin readily admits economists are often wrong.
Source: Yahoo Finance – Tech Ticker, August 10, 2010.
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