{"id":63524,"date":"2009-12-04T16:52:00","date_gmt":"2009-12-04T21:52:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/business-news\/dec-04-mauldin1-2009-12"},"modified":"2009-12-04T16:52:00","modified_gmt":"2009-12-04T21:52:00","slug":"john-mauldin-were-still-heading-for-a-double-dip-recession","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/63524","title":{"rendered":"John Mauldin: We&#8217;re Still Heading For A Double-Dip Recession"},"content":{"rendered":"<p>\n<object id=\"tbiPlayer\" classid=\"clsid:d27cdb6e-ae6d-11cf-96b8-444553540000\" width=\"600\" height=\"396\"><param name=\"movie\" value=\"http:\/\/cdn.livestream.com\/events\/businessinsider\/TBIPlayer.swf\" \/><param name=\"allowFullScreen\" value=\"true\" \/><param name=\"wmode\" value=\"transparent\" \/>&nbsp;<param name=\"flashvars\" value=\"channel=tbilive&amp;clipID=flv_ef782699-02a2-4939-93e7-6d7e91feb087\" \/><embed type=\"application\/x-shockwave-flash\" width=\"600\" height=\"396\" src=\"http:\/\/cdn.livestream.com\/events\/businessinsider\/TBIPlayer.swf\" wmode=\"transparent\" flashvars=\"channel=tbilive&amp;clipID=flv_ef782699-02a2-4939-93e7-6d7e91feb087&amp;autoPlay=false\" bgcolor=\"#ffffff\" allowfullscreen=\"true\" name=\"twitcamPlayer\"><\/embed><\/object>\n<\/p>\n<p><strong>John Mauldin, President, <a href=\"http:\/\/www.frontlinethoughts.com\/\">Millennium Wave Advisors, LLC<\/a><\/strong><\/p>\n<ul>\n<li>Friday&#8217;s jobs report was a nice surprise, but we need to see several more before we&#8217;re out of the woods&#8230;<\/li>\n<li>We&#8217;re heading for a double dip recession because of tax increases in 2011<\/li>\n<li>No way will the government do the smart thing and postpone those tax increases<\/li>\n<li>2010 will be a mediocre year for the economy<\/li>\n<\/ul>\n<p><em>Produced By: Kamelia Angelova &amp; William Wei<\/em><\/p>\n<h4><strong>More Video:<\/strong> <a href=\"http:\/\/feedproxy.google.com\/~r\/TheMoneyGame\/~3\/tbi-live-calendar\"><strong>TBI Calendar Click HERE &gt;<\/strong><\/a><\/h4>\n<p>&nbsp;<\/p>\n<p>John and I<a href=\"http:\/\/finance.yahoo.com\/tech-ticker\/article\/384610\/Beware-%22Nosebleed%22-Valuations-Plenty-Ways-to-Make-Money-Beyond-Stocks-Says-John-Mauldin?tickers=spy,dia,%5edji,%5egspc,vpu\"> talked this morning on TechTicker, too&#8230;<\/a><\/p>\n<p>\n<object width=\"292\" height=\"219\"><embed type=\"application\/x-shockwave-flash\" width=\"292\" height=\"219\" src=\"http:\/\/cosmos.bcst.yahoo.com\/up\/fop\/embedflv\/swf\/fop_wrapper.swf?id=16986646&amp;autoStart=0&amp;prepanelEnable=1&amp;infopanelEnable=1&amp;carouselEnable=0\" allowscriptaccess=\"always\"><\/embed><\/object>\n<\/p>\n<p style=\"padding-left: 30px;\">&nbsp;<\/p>\n<p style=\"padding-left: 30px;\">Upset you missed out on this year&#8217;s mega stock market rally?  Don&#8217;t be.<\/p>\n<p style=\"padding-left: 30px;\">John Mauldin of Millennium Wave Investments says long-term investors should ignore the temptation to get a piece of the action. In his view, there&#8217;s only one metric to pay attention to: Valuations. And, for now, stocks are too rich for his blood &#8212; &#8220;nosebleed&#8221; is the term he used.<\/p>\n<p style=\"padding-left: 30px;\">That doesn&#8217;t mean you should park your money in a CD or under a mattress. &#8220;There&#8217;s lot of other things you can do while you&#8217;re waiting&#8221; for valuations to come down, he says.<\/p>\n<p style=\"padding-left: 30px;\">Among Mauldin&#8217;s recommendations are fixed income and dividend yielding utility stocks. And for the more speculative at heart, he thinks buying real estate for rental income is a smart move now that housing prices have come down so dramatically.<\/p>\n<p style=\"padding-left: 30px;\">But only time will tell if his call about stocks is the right one.<\/p>\n<h4>And a second on John&#8217;s optimism (after the double dip):<br \/>\n<object width=\"292\" height=\"219\"><embed type=\"application\/x-shockwave-flash\" width=\"292\" height=\"219\" src=\"http:\/\/cosmos.bcst.yahoo.com\/up\/fop\/embedflv\/swf\/fop_wrapper.swf?id=16984505&amp;autoStart=0&amp;prepanelEnable=1&amp;infopanelEnable=1&amp;carouselEnable=0\" allowscriptaccess=\"always\"><\/embed><\/object><br \/>\n<\/h4>\n<div class=\"bd clearfix\">\n<div>\n<p>&nbsp;<\/p>\n<p style=\"padding-left: 30px;\">&#8220;I&#8217;m in the double-dip recession camp,&#8221; says John Mauldin of Millennium Wave Investments, who fears the Obama administration is &#8220;going to massively increase taxes&hellip;in 2011, in a weak economy. I think that&#8217;s the absolutely dumbest thing we&#8217;re going to do as a country.&#8221;<\/p>\n<p style=\"padding-left: 30px;\">Mauldin sees many parallels between today&#8217;s economy and the malaise of the 1970s. With too much debt, slow growth and high unemployment, &#8220;it won&#8217;t be fun&#8221; for the next few years, he says.&nbsp;<\/p>\n<p style=\"padding-left: 30px;\">Nevertheless, Mauldin is actually optimistic about the future, which might shock some who&#8217;ve seen him in previous appearances on Tech Ticker.<\/p>\n<p style=\"padding-left: 30px;\">In his e-newsletter, <a href=\"http:\/\/frontlinethoughts.com\/gateway.asp\">Thoughts from the Frontline<\/a>, Mauldin envisions explosive growth in telecom, energy and medical sciences.&nbsp; Much the same way the PC revolution changed the way we communicate, work and live, so too will this next wave of innovation.<\/p>\n<p style=\"padding-left: 30px;\">&#8220;It&#8217;s going to be the most exciting time to ever be alive,&#8221; Mauldin predicts.<\/p>\n<\/div>\n<\/div>\n<h4>You can sign up for <a href=\"http:\/\/www.frontlinethoughts.com\/\">John Mauldin&#8217;s free weekly e-letter here &gt;<\/a><\/h4>\n<p><a href=\"http:\/\/www.businessinsider.com\/business-news\/dec-04-mauldin1-2009-12#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/john-mauldins-thoughts-on-the-continuing-economic-crisis-2009-11\">John Mauldin&#8217;s Presentation: &quot;Thoughts On The Continuing Economic Crisis&quot;<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/0AFF3YCNGMQ\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; John Mauldin, President, Millennium Wave Advisors, LLC Friday&#8217;s jobs report was a nice surprise, but we need to see several more before we&#8217;re out of the woods&#8230; We&#8217;re heading for a double dip recession because of tax increases in 2011 No way will the government do the smart thing and postpone those tax increases [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-63524","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/63524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=63524"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/63524\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=63524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=63524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=63524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}