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8/11/2019 Mauldin August 15
1/19
!"#$%"&' )*#+ &", -*#.&/0.,"# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
8/11/2019 Mauldin August 15
2/19
!"#$%"&' )*#+ &", -*#.&/0.,"# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
8/11/2019 Mauldin August 15
3/19
!"#$%"&' )*#+ &", -*#.&/0.,"# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
8/11/2019 Mauldin August 15
4/19
!"#$%"&' )*#+ &", -*#.&/0.,"# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
8/11/2019 Mauldin August 15
5/19
!"#$%"&' )*#+ &", -*#.&/0.,"# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
8/11/2019 Mauldin August 15
6/19
!"#$%"&' )*#+ &", -*#.&/0.,"# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
8/11/2019 Mauldin August 15
7/19
8/11/2019 Mauldin August 15
8/19
!"#$%"&' )*#+ &", -*#.&/0.,"# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
8/11/2019 Mauldin August 15
9/19
!"#$%"&' )*#+ &", -*#.&/0.,"# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
8/11/2019 Mauldin August 15
10/19
!"#$%"&' )*#+ &", -*#.&/0.,"# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
8/11/2019 Mauldin August 15
11/19
!"#$%"&' )*#+ &", -*#.&/0.,"# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
8/11/2019 Mauldin August 15
12/19
!"#$%"&' )*#+ &", -*#.&/0.,"# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
8/11/2019 Mauldin August 15
13/19
!"#$%"&' )*#+ &", -*#.&/0.,"# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
8/11/2019 Mauldin August 15
14/19
!"#$%"&' )*#+ &", -*#.&/0.,"# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
8/11/2019 Mauldin August 15
15/19
!"#$%"&' )*#+ &", -*#.&/0.,"# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
8/11/2019 Mauldin August 15
16/19
!"#$%"&' )*#+ &", -*#.&/0.,"# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
8/11/2019 Mauldin August 15
17/19
!"#$%"&' )*#+ &", -*#.&/0.,"# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
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Thoughts From the Frontlineis a free weekly economic e-letter by best-selling author and renowned financial expert,
John Mauldin. You can learn more and get your free subscription by visiting http://www.mauldineconomics.com.
Please write to [email protected] inform us of any reproductions, including when and where
copy will be reproduced. You must keep the letter intact, from introduction to disclaimers. If you would like to quote
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http://www.mauldineconomics.com/frontlinethoughts/bubbles-bubbles-everywhere1https://www.google.com/search?q=Barasingha+deer+from+India&client=firefox-a&hs=Em8&rls=org.mozilla:en-US:official&channel=np&tbm=isch&tbo=u&source=univ&sa=X&ei=laLuU4e-MML58AGA5oCwAw&ved=0CCsQsAQ&biw=1360&bih=7028/11/2019 Mauldin August 15
18/19
!"#$%"&' )*#+ &", -*#.&/0.,"# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".;
8/11/2019 Mauldin August 15
19/19
!"#$%"&' )*#+ &", -*#.&/0.,"# $ %&'' ('')*+ ',-.-/",# '0*'11'& 2+ 2'#10#'**".3 $415-& $.6 &'.-(.'6 %".$.,"$*
'78'&1 9-5. :$4*6".