John Mauldin on drink, fish and the economy

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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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