mauldin september 27
TRANSCRIPT
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8/20/2019 Mauldin September 27
1/13
!"#$%"&' )*#+ &", -*#.&/0., "# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
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8/20/2019 Mauldin September 27
2/13
!"#$%"&' )*#+ &", -*#.&/0., "# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
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8/20/2019 Mauldin September 27
3/13
!"#$%"&' )*#+ &", -*#.&/0., "# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
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8/20/2019 Mauldin September 27
4/13
!"#$%"&' )*#+ &", -*#.&/0., "# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
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8/20/2019 Mauldin September 27
5/13
!"#$%"&' )*#+ &", -*#.&/0., "# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
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8/20/2019 Mauldin September 27
6/13
!"#$%"&' )*#+ &", -*#.&/0., "# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
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8/20/2019 Mauldin September 27
7/13
!"#$%"&' )*#+ &", -*#.&/0., "# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
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8/20/2019 Mauldin September 27
8/13
!"#$%"&' )*#+ &", -*#.&/0., "# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
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8/20/2019 Mauldin September 27
9/13
!"#$%"&' )*#+ &", -*#.&/0., "# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
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8/20/2019 Mauldin September 27
10/13
!"#$%"&' )*#+ &", -*#.&/0., "# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
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8/20/2019 Mauldin September 27
11/13
!"#$%"&' )*#+ &", -*#.&/0., "# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".; &'="-4# K&1",*'
Thoughts From the Frontline is a free weekly economic e-letter by best-selling author and renowned financial expert,
John Mauldin. You can learn more and get your free subscription by visiting http://www.mauldineconomics.com.
Please write to [email protected] to inform us of any reproductions, including when and where
http://www.mauldineconomics.com/frontlinethoughts/balloons-in-search-of-needles
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8/20/2019 Mauldin September 27
12/13
!"#$%"&' )*#+ &", -*#.&/0., "# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
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8/20/2019 Mauldin September 27
13/13
!"#$%"&' )*#+ &", -*#.&/0., "# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;