by John Mauldin
As the entire world is painfully aware, it is election year in the United States. I realize the images my non-American friends see may not inspire confidence. Our process is messy in the best of circumstances, and this year we are not at our best.
I have listened to most of the debates. Candidates on both sides of the aisle have made statements that under their presidency such and such a thing would happen. I sometimes wonder where they are getting their advice. Let me be clear: every candidate does this. And yes, some do it more than others. With all the political shooting from the hip that’s going on, I think it might be instructive for us to look at what the leaders, not just of the United States but of the whole world, are facing as they attempt to make decisions today.