What the future will bring

John Mauldin presents an Outside the Box interview with David Galland of Casey Research. I think it is a must-read for investors.
In the interview, Mr. Galland sees a major policy shift by the Federal Reserve in terms of ending QE2 with no announced QE3. Mr. Galland believes:

That the shift, and it is imminent, will not change the larger trend, but it has the potential to be quite disruptive over the short term.

His position is that there will be a QE3, but it will not follow on the heels of QE2, creating danger in financial and commodity markets:

I think there will be a QE3, but it won’t materialize until after a relatively lengthy period during which the Fed stands aside in order to give the market the opportunity to adapt and adjust to their exit from the Treasury auctions. In other words, once they stop, I wouldn’t anticipate them jumping right back in at the first sign of trouble – say, if the stock market crashes.

This interim period could be very hazardous to your wealth, according to Mr. Galland. It might be wise to understand his fears and adjust your portfolios to less risk.
Read the full interview to get another well-reasoned perspective. Remember, no one knows for sure what the future will bring.