mauldineconomics.com / JOHN MAULDIN / SEPTEMBER 7, 2016
As my regular readers know, I am heavily focused on the massive monetary policy errors that are being foisted on the world by central bankers. This is not going to end well. My letter this weekend will probably be one of the most controversial that I have ever written, and I will probably lose a few longtime readers from the Federal Reserve. (Yes, some of them actually read me, probably more for the humor than the instruction, and for talking about me around the water cooler). For this week’s Outside the Box, I was actually planning to send along a piece by someone else who noted the outrageousness of Stanley Fischer’s interview last week and whose thoughts on it were similar to mine.
I may send that piece to you later, but today something more important was brought to my attention, and I decided that we could all use a little great news. But this is not just a feel-good story; it’s something that I and my friend Patrick Cox have been talking about and predicting for years. We are in the midst of the most marvelous medical transformations in the history of the world. Take every medical advance we have seen in the last 250 years and add all of them together, and they do not equal what we will see in the next 20 years. In 2036 we are going to look back at our lives today and realize that we were still living in the Stone Age as far as medicine is concerned. I am fully serious when I say that, and I comprehend the radical nature of such a statement, but I believe it with every fiber of my being.
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