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Biotech / Medical : Biotech Valuation

CRSP 55.93

-0.6%

Dec 16 3:59 PM EST

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To: Biomaven who wrote (31974)	8/6/2009 7:26:29 PM
From: IRWIN JAMES FRANKEL	2 Recommendations Read Replies (2) of 52153

>>the recent ISM report makes clear the recession is just about over (and if we don't have consumer spending to thank for the impending recovery then I assume we must thank government deficit spending): Hope you are right but I do not see it. The one strong element of the last GDP report was "exports" up 1.3%. Lower imports (some replacement items produced here) together with higher exports could account for the IMS improvement. That fits with the weak dollar which could be driving this export benefit further. My guess is that GDP drops in 3Q and 4Q 2009. Time will tell. ij Not sure that is just exports, think it is some type of composite of imports and exports. But, if so, the exports out weighed the imports.

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