John Mauldin’s Latest “Outside The Box” E-Letter

Posted By on November 16, 2010

John Mauldin Reviews Gary Shilling’s Brand New Book,   The Age of Deleveraging: Investment Strategies For A Decade Of Slow Growth And Deflation.  Some of his opinions are covered below.

Roadblocks on the deleveraging highway may include a crisis in U.S. commercial real estate (Chart 5) that could exceed the earlier one in housing. Then there’s a possible hard landing in China that exceeds the 2008 weakness (Chart 6) as the government’s measures to cool the red hot property market and economy in general take hold. A slow-motion train wreck in Japan will probably occur sooner or later as her all-important exports fall along with weakening U.S. consumer willingness to buy them, and as her already subdued domestic sector suffers from her rapidly aging population.

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