The Real End Game, We’re Coming To The End

June 19, 2012 07:06


“We’re coming to the end of government’s ability to borrow money to fund current spending that’s beyond the growth of their economy. … So governments are going to have to live within their means. Not just in European countries, not just in Britain, not just in Japan which has its own problems that will be coming to us next year, not just in France which will be the headline in 2 years, but also in the US.” – John Mauldin at King World News

 

 

King World News interviewed John Mauldin, President of Millennium Wave Securities

Excerpts:

“What we’re seeing is the real end game” and “it is coming to an end.”   Here is what Mauldin had to say about the crisis in Europe:  “Everything changed and nothing changed.  Greece isn’t solving its problems.  It’s fundamental problem is its trade imbalance.  They can sit and posture all they want to, but until they solve that problem, nothing is going to  happen.”

 

“So they are going to have another period of frustrating non-recovery and continued recession….”

 

“It’s going to end in the next 2 or 3 years, Europe first, then Japan, then the US. …”

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