When Is The Recovery Over?

Josh Brown at The Reformed Broker has an interesting social commentary on where we are as a country and economy:

Corporate profits are smashing records every quarter. And banks – the BIG banks – the “Systemic Six” just earned $76 billion in profits last year, just $6 billion shy of their credit bubble era peak. We’re their loyal subjects again, they won.
There’s a biotech bubble. It’s breathtaking. 11 of this year’s 14 best performing Russell 2000 stocks are biotechs, 7 of the top 8. The biotech index is up 20% since New Year’s Eve and 70% over the last 12 months. I’m not complaining. I’d rather see a biotech bubble than a social media bubble – the former cures illness while the latter causes it.
Speaking of social media – I told Mark Zuckerberg that my daughter’s lemonade stand was “the next Facebook” and he bought her out for $24 billion. So I’m basically retired now – again, no complaints, but how many “next Facebooks” can he afford to buy at these levels? Hackers everywhere are building stupid shit to sell to him as we speak. Good for them.

His whole point is that the behavior of investors and people alike seems to be overwhelmingly positive. The title of the post is “Everything Is Awesome” and it runs the gamut from Pharrell Williams to Tesla’s new battery factory. You don’t have to look far to find positive outlooks. So my question is, at what point is the recovery over?

What is the threshold by which we measure the recovery being over?

Read: Everything is Awesome! (The Reformed Broker)

  • By The Weakonomist
  • Posted in economics, weakend
  • Tagged BIG, Mark Zuckerberg, New Year, Systemic Six
  • Translator

  • Recent Articles

    • Assassin’s Creed Unity Dead Kings DLC Available Next Week for Free
    • More tips and tricks for Google Chromecast
    • Shaquille O’Neal Helped Build A Water-Proof Floating Speaker Called The SuperStar BackFloat
    • Petnet Ensures Your Beasts Are Well-Fed
    • ORA-X Headphones With Heads-Up Display Takes On Smart Glasses
    • This Smart Lock Is HomeKit Compatible, Works With Siri To Unlock Doors
    • HTC HD2 Get Android 5.0 Lollipop Port
    • Under Armour Teams Up With HTC, Launches Fitness App
    • The Psychology of Inspirational Women: Korra
    • Intel Dives Deeper Into Wearables With Its Quark SE Chip And Curie Development Module
    • LG And Audi Appear To Have Collaborated On A Smartwatch
    • Nikkor 300mm f/4E PF ED VR lens sample images
    • Mophie Announces New Juice Pack Battery Cases For iPhone 6, iPhone 6 Plus
    • Bill Gates Will Drink Water Made From Poo To Prove New Santitation Tech Works
    • Things We Saw Today: Danny Brown Is Writing A Book About Self-Esteem In Black Girls
    • LG G Flex 2 To Make Its Way Onto US Cellular As Well
    • Sony Xperia Z4 Reportedly Shown Off In Secret At CES [Rumor]
    • BLU Products Studio G Is Affordable At $89
    • BLU Products Studio X & Studio X Plus Handsets Launched
    • BLU Products Life One, Life One XL Smartphones Announced