The Wall Street Journal

United States believes that it grows and they do so believing the illusion of a vigorous recovery in the U.S. economy has been just that, an illusion? My theory is that Yes. If attention is paid to the detail of the main economic variables, we can say that today the reality shows that the output of the economic recession is more than painful and is permanently accompanied by fears of a new relapse. Recovery to draw an L or W, is a discussion which has not been defined. Gene Epstein in an article he wrote for The Wall Street Journal, posed different obstacles that has the economic recovery in the U.S. and the vision of the market about prospects for recovery. And the truth is that the poor U.S. economy has problems where you want to look at.

In the public accounts, financial, real estate sector, labour market, monetary policy, and the list continues. And until that happens the doors outside, with the risk of default in Greece, with a possible negative shock of credit for the American economy, you can do that he is aborted the US economic recovery despite the numerous problems that faces the U.S. economy, Epstein is very optimistic about the continuation of the economic recovery. However, signals that I see make me think that even is at risk the continuity of warm recovery. The W should not be dismissed yet.

It is true that in the second half of 2009, the U.S. economy achieved an annual growth of 4%, but beyond effect drag that this leave for the first half of 2010, it is difficult to adhere the prognosis of Epstein hoped that economic growth re-enter another 4 per cent in the first half of this year.