Money manager John Mauldin says there's another recession yet to come before the next true bull market.
“We’re still in a secular bear market" which will last another three years, Mauldin told MarketBeat. “We’re only a recession away.”
After that, “we’re going to see the end of this whole debt supercycle, this whole debt crisis,” after which a new bull market will start that will last 15-17 years, says Mauldin.
“We all get to be geniuses in just another two or three years,” he says.
According to Mauldin, the U.S. economy is stalled, and if Europe has a meltdown, that will be enough to drag the U.S. back into recession. Just given the anemic growth itself, he said, a U.S. recession is likely.
Greece’s bank runs are “an endgame” that will probably be enough to tip the U.S. into another recession and force Greece to leave the euro. Read more.....