Skip to comments.Whitney Tilson: US Economic Growth Will Be Feeble For Years
Posted on 01/29/2010 1:05:39 PM PST by blam
Whitney Tilson: US Economic Growth Will Be Feeble For Years
Jan. 29, 2010, 3:47 PM
Whitney Tilson predicts anemic economic growth for the next few years.
His views are much like Nouriel Roubini's.
They both agree that the market's signs of stabilization were not grounded in the fundamentals of economic growth - unemployment is still high, housing prices are still collapsed, and there is still a need to de-lever after decades of excessive consumption and declining savings.
So in his latest letter to investors, Tilson predicts the market rally is essentially over. Once government stimulus and subsidies disappear, he says, the market will be much less robust: 1% annual growth for the next 3-5 years.
Normal economic growth is 2-3% annually.
"The US economy will face a significant headwind for a number of years as losses stemming from the greatest asset bubble in history continue to be realized," he says.
"We're not assuming anything other than feeble economic growth in the US for many years."
(Excerpt) Read more at businessinsider.com ...
At least three more...................
I’m sure they have the Countries interest in mind....as in never let a crisis go to waste...