I’m going to give you the first paragraph of John Mauldin‘s latest Thoughts from the Frontline newsletter, and then I’m going to insist that you go read the rest when you get the time.
Go to Google. Type in “green shoots.” In about a 10th of a second you will find 28,900,000 references. Scrolling through a few pages, you find a lot of references to the beginning of the end of the recession. Today we look at some data to see if we can indeed see the end. Most readers will be surprised to know that the number of people employed in the US went up (!) in April. Yet so did the unemployment rate. Is that green shoot just another dandelion weed in our economic garden?
Mauldin is consistently erudite and thorough in the formulation of his opinions. This is one of the best newsletters out there to get a serious but well-written analysis of market and economic conditions from someone who’s seen quite a bit over his career. In a market environment like this, you want to be consuming opinions that have a basis in experience and research, the rest is noise.
Full Story: Green Shoots or Dandelion Weeds (Mauldin)