“This isn’t just my wallet. It’s an organizer, a memory and an old friend.”
–SEINFELD’S GEORGE COSTANZA

The following piece, written by Evergreen Gavekal’s CEO Tyler Hay, was published by Seeking Alpha earlier this week. Seeking Alpha reaches over 650,000 readers as “the premier website for actionable stock market opinion and analysis,

“Going into this summit we had a monetary union in Europe that clearly did not work. Coming out of this summit we have a monetary union that still does not work.”
-PAUL DONOVAN, GLOBAL ECONOMIST, UBS

POINTS TO PONDER

1.  Though the popular perception is that government spending in the US is out of control,

“Liquidity does not fix insolvency.” 
-JOHN P. HUSSMAN, PH.D.

A man who needs no introduction… This week we will be running another issue of John Mauldin’s Outside the Box  newsletter as our guest EVA. As we’ve mentioned in the past, John is a hugely influential presence in the financial industry.

“When you do a stimulus, you should target supply-side measures that will also improve your long-term growth.” 
-SWEDISH FINANCE MINISTER, ANDERS BORG

POINTS TO PONDER

1.  Over the last five years, American consumers have methodically paid down debt.  In vivid contrast, the US government continues to blow through debt ceiling limits like Europe goes through bailout plans. 

“It’s not the strongest of the species that survives, nor the most intelligent, but the one most responsive to change.” 
-CHARLES DARWIN

And now for something almost completely different. John Mauldin has become a major force in the financial media through his weekly newsletter, Thoughts from the Frontline.  His highly popular publication is received by many EVA readers and about two million other subscribers around the world.