www.JohnMauldin.com 2013 Unsustainability and Transition A Presentation by John Mauldin Author of ENDGAME and Editor of www.JohnMauldin.com
Mauldin unsustainability wcc
Oct 22, 2014
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
www.JohnMauldin.com
2013 Unsustainability and Transition
A Presentation by John Mauldin
Author of ENDGAME and Editor of
www.JohnMauldin.com
www.JohnMauldin.com
Unsustainability
If something cannot be sustained, it will change.
www.JohnMauldin.com
What is Unsustainable?
A world in which expenses rise
faster than income
www.JohnMauldin.com
It’s the End of the World As We Know It, and I Feel Fine
No, Better Than Fine—
I Am Excited!
www.JohnMauldin.com
Debt
The End of the Developed World Debt Supercycle
1
www.JohnMauldin.com
Unbalanced Entitlement Promises,
Primarily Pension and Health Care
(Think Demographics!)
2
www.JohnMauldin.com
The World and Especially Progress is
NOT Linear
What is NOT Unsustainable Food, Energy, Technological Change, Human
Adaptation and
Most Importantly Growth
www.JohnMauldin.com
Where are the
Current Sources of Unsustainability?
1. Japan
2. Europe
3. The US
4. Maybe China
www.JohnMauldin.com
Japan: A Bug In Search of a Windshield
Ja
www.JohnMauldin.com
SOURCE: Bank of International Settlements
Public Debt/GDP Projections
www.JohnMauldin.com
France is the New Greece
SOURCE: Bank of International Settlements
www.JohnMauldin.com
A Thought About Austerity
Of Course it Doesn’t “Work”
www.JohnMauldin.com
One Bubble to Rule Them All
www.JohnMauldin.com
Keynes VS
von Mises VS
Fisher VS
Friedman
The Great Experiment
www.JohnMauldin.com
Enter the New Economic Paradigm The World of Schumpeter and Minsky
Stability, Instability and Creative Destruction
Joseph Schumpeter
and Hyman Minsky
www.JohnMauldin.com
The Millennium Wave: A World of Accelerating Change and Abundance
4
www.JohnMauldin.com
2013
The Transition to Sustainability
Investment Theme:
Avoid What is Negatively Affected
by the Unsustainable and
Choose What Is Sustainable
www.JohnMauldin.com
What is The Characteristics
of Sustainable? 1. It Serves Basic Human Needs
-Food, Clothing, Housing, Social Networks!?!?
2. It is Adaptable and Antifragile
-Technology, Communications
3. It Creates Ever Increasing Abundance at Lower Costs
- Biotechnology, Robotics, Nanotechnology, Etc.
www.JohnMauldin.com
For more information visit JohnMauldin.com
Related Documents
