Is Biden stepping into second "Great Recession"?

Published: Feb. 8, 2021, 10:59 p.m.

Is Biden stepping into second "Great Recession"? https://www.marketplace.org/2021/01/19/biden-team-inherits-a-stumbling-economy/ "Joe Biden has kind of been here before: 12 years ago, he and President Barack Obama took over in the midst of the Great Recession. “If anything, this is even worse,” said University of Chicago economist Austan Goolsbee, who chaired the Obama White House Council of Economic Advisers. “We’re in a catastrophic health and economic crisis. We’re still as bad by some measures as the lowest point of the Great Recession,” he said. We’re still down 10 million jobs, which is more than 5% of all jobs before the pandemic."–MarketPlace.org FINANCIAL MEDIA ANALYST: Dan Ferris, is the Editor of the Extreme Value, a monthly investment advisory that focuses on some of the safest and yet most profitable stocks in the market. His is also the host of the Stansberry Investor Hour podcast. BIO: Dan Ferris is the editor of Extreme Value, a monthly investment advisory that focuses on some of the safest and yet most profitable stocks in the market: great businesses trading at steep discounts... Dan joined Stansberry Research in 2000. He became editor of Extreme Value in 2002. His strategy of finding safe, cheap, and profitable stocks has earned him a loyal following – as well as one of the most impressive track records in the industry. WEBSITE: stansberryresearch.com PODCAST: investorhour.com LINKEDIN: www.linkedin.com/in/daniel-ferris-01433a4 FACEBOOK: www.facebook.com/StansberryResearch/ TWITTER: @dferris1961