In the last 100 years, we did have recessions roughly every ten years. However, that's not the end of the world; every time we had technological revolutions bringing us out of recession and moving us forward. The internet revolution led us out of the 1980's recession. This time, there will be no difference, we just need a new technological revolution to boost our economy.
President Obama has set the stage for this to happen, by opening the gate for new stem cell research and for the development of renewable energy for the future of this country. We need to abandon the traditional "crude" energy, and embrace a new way of using renewable wind, geothermal and solar energies. In my opinion, Obama's new policy will bring new revolutions to this country and better days are ahead of us.
Stem Cell Research
President Obama is expected to lift the ban on federal funding on stem cell research in coming weeks, a historic move that will boost the US health industry. As a sign of the attitude of this administration, last week, the Federal Drug Administration said it had cleared US company Geron (GERN) to begin trials of its early-stage treatment for spinal cord injuries. This is breaking, almost revolutionary, news in the health industry as this will bring a new era of treating diseases. Investors welcomed this news.
Renewable Energy
Three main sectors are encouraged by the new president's renewable energy policy: wind, geothermal and solar, among which wind is the most economical energy when crude oil is trading at a multi-year low. China has rolled out many wind farm projects, targeting a cost of less than 10c/w, while the cost in the U.S. is also low compared to solar farms, which is estimated at around $1~1.5/w. China still has the advantage of cheaper labor compared to the U.S., and as a result, the cost to generate electricity in both wind and solar farms is lower.
Read more on Sectors favorable by Obama's administration here ..
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