Replies to post #111849 on 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.

[DewDiligence]

It's easy for Dew to play "chickenhawk" on macroeconomics and the global economy, when he has never put himself on the line for predictions on macroeconomic conditions.

What a crock, bladerunner. The talking heads you like to cite in your banal and repetitive posts about the economy merely talk, while I invest real money for a small private foundation. While your favorite talking heads were telling people in Mar 2009 to sell their stocks and stay out of the market, I bought millions of dollars of stock for the Foundation and posted on this board that the market was a singularly great buying opportunity.

From #msg-35980601 on March 2, 2009:

Today may be the proverbial day of capitulation when hordes of people decide they don’t want to own any stocks and sell everything. If you have dry powder, you can buy shares of myriad fine companies at prices that haven’t been seen in a long, long time.

‘Nuff said.

[urche]

Blade,

Please keep up with your posts sharing views on macroeconomic trends. I appreciate that you pick carefully selected viewpoints that save me from being less informed or the pain of having to browse for information myself. Your selection bias is open to criticism, but as someone with little inclination to read widely, I find your viewpoints informational.

Urche