Biotech Values

[jq1234]

I have been in the camp of relatively optimistic in short to mid term (the sky wouldn't fall like many had thought) since 2009 (put all my money in stock market in the first half of 2009 but not at exact low like many claimed) but pessimistic in longer term for US. I didn't think double dip would be likely 6 months ago, and don't think double dip would occur right now. Another recession certainly is possible 2013 and beyond, but it is not double dip anymore.

Many people had been too negative, and they had been wrong. Many of those negative points are true, but won't play out until mid to longer term. Natural unemployment has changed from maybe 5-6% to 7-8% due to structural change to US economy by this financial crisis. Many unemployed will have to learn new skills, do something else.

We have tons of problems longer term, debt, entitlement, low saving rate, and education deficit, and becoming relatively less competitive. These are difficult to fix, and it takes time to see result. I am not sure people in this country, not just politicians, have the will to do what is needed.