John Mauldin: We will get through the Next Financial Crisis One Way or Another

“We generally only accept change in the face of necessity and we only see necessity in the face of a crisis,” says Mauldin. “The odds are we’ll have to have a crisis” that might lead to a long-lasting recession.” (finance.yahoo.com/blogs/daily-ticker/) We do have choices to fix our debt problems. However, the longer we wait, the fewer (and more painful) choices we will have. Structural problems with income taxes and Medicare will need to be dealt with. In the long run, trends that can’t continue won’t. The videos below show Mauldin’s view that taking action now will eliminate or reduce the severity of the next crisis.

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