Replies to post #111845 on Biotech Values

[jq1234]

Four quarters from the trough of a recession in the U.S., GDP growth has averaged between 5.5% and 6.5%. GDP growth in the 2nd quarter of 2010 was 1.7% and 2.6% in the 3rd quarter. This may not be a "double-dip," but no rational economist or investor would call this a robust recovery.

This was not an average recession. Trying to compare with average statistics has proven not useful at all.

[BTH]

I don't care what it's called as long as the stock market keeps going up.

[zipjet]

Comparing this recession with a normal recession suggests that GDP is running 6.5% lower than it would after a normal recession.

That represents a $1T annual real GDP gap.

It is little wonder that the economy feels weak and unemployment remains high.

I see nothing* that will bring unemployment under 9% this year and think that it is possible that we will end the year with over 10% unemployment.

QE is essential to stabilizing what is now an unstable economy.

ij

* With the possible exception of large drop-out of job seekers.