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Whitney Tilson: US Economic Growth Will Be Feeble For Years
The Business Insider ^ | 1-20-2010 | Courtney Comstock

Posted on 01/29/2010 1:05:39 PM PST by blam

Whitney Tilson: US Economic Growth Will Be Feeble For Years

Courtney Comstock
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."

[snip]

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: 0bamasfault; economy; hedgefunds; investing; markets; obamasfault

1 posted on 01/29/2010 1:05:40 PM PST by blam
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To: blam

well, duh!


2 posted on 01/29/2010 1:14:47 PM PST by griswold3 (You think health care is expensive now? Just wait till it's FREE!)
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To: blam

At least three more...................


3 posted on 01/29/2010 1:23:00 PM PST by Red Badger (Education makes people easy to lead, difficult to drive; easy to govern, but impossible to enslave.)
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To: blam
When you have a fool in the White House why would one expect a short recovery. Just hope and pray it will not too late to recover after Obama’s destructive programs.
4 posted on 01/29/2010 1:48:40 PM PST by mulligan
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To: mulligan

I’m sure they have the Countries interest in mind....as in never let a crisis go to waste...


5 posted on 01/29/2010 3:14:12 PM PST by Freddd (CNN is not credible.)
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