END GAME - DEBT CYCLE

I think this quote from John Mauldin is particularly appropriate and it is certainly shaping my thinking as to how I am managing the portfolio.

“We live in extraordinary times. We are coming to the End Game of the debt supercycle that has lasted for 70 years. Everything is changing in front of our eyes. It compels us to understand the basics of how economies function, and what is both different and not different about the times we are in.”