Ending the Era of Ponzi Finance
From Mauldin Newsletters
January 4, 2013 - 11:01pm
There is a level of (let's call it) discomfort among investors and business people everywhere I go in the world now. It is becoming increasingly palpable with each passing month. The overriding sentiment seems to be, "That which cannot be sustained will not be."
We live in a world that is premised on economic structures that are now unsustainable, and that is a word we are going to hear used more and more this year. Unsustainable. It will be a theme in my writing,...
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