It Looks Like This Recovery Is Already Over

Argonaut Capital (via Market Folly) have released their May 2010 investor letter and it points to a depressing reality about the state of the U.S. recovery.

That recovery appears to have already topped out, as of Q4 2009. With stimulus funding in decline, we’ve already seen a fall in Q1 2010. Their projections have that number continuing to fall through 2010.

From Argonaut Capital (via Market Folly):

GDP Argonaut

Here are some even more frightening charts about the state of the U.S. economy >

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.