From King World News:
Today John Mauldin spoke with King World News about what he believes will be one of the “greatest trades” of his lifetime. Mauldin, President of Millennium Wave Securities, also warned that we are once again headed for a financial crisis in 2013. Here is what Mauldin had to say: “Well, I’m going to be writing my forecast (for 2013), but I’ll give your listeners (and readers) a preview. I’m going to call it, ‘The Year Of The Windshield.’ I’ve been saying that Japan is a bug in search of a windshield. I think 2013 is the year that Japan begins to find that windshield.”
John Mauldin continues:“People have been talking about, ‘Oh, Japan’s going to have a problem. Japan’s going to be in a crisis. Look at the data.’ And nothing happens. They (the Japanese) don’t go up, they don’t go down, they just go. That process is getting ready to come to an end....“They have kicked the can as far down the road as they can. They have elected (Prime Minister) Abe, to come in. And he’s appointed former Prime Minister (Taro) Aso, who two days ago said that he wants to lift the self-imposed debt limits, in terms of how much debt they are willing to take on each year.The difference between other people saying that and Aso, Aso is an old, old family in Japanese politics. While he didn’t distinguish himself when he was Prime Minister, he still has the contacts within the party. He still has the pull, that clout. When he says, ‘This is what I want to do as Finance Minister,’ which is take off the limits for debt, he has the political wherewithal and clout to in fact do that. And I think you have to take that extremely seriously....MORE
HT: Clusterstock
One of the lessons of Weimar was to buy
