USA - Real recovery is the product of more capital wisely invested by entrepreneurs

What’s In a Recovery?

by Shawn Ritenour

Thomson Reuters’ latest survey of Wall Street analysts’ expectations about next quarter’s corporate earnings has prompted some to wonder whether the canary in the coal mine is beginning to feel lightheaded. 

According to the Wall Street Journal, those in the know are expecting decreased earnings in the third quarter, the first quarterly decline since the beginning of the official recovery. 

Of course, with official unemployment stuck above 8 percent and anemic real gross domestic product (GDP) growth, one can be forgiven for wondering just how the experts define “recovery” and if the American business environment is truly on the upswing.

To understand our current economic situation we must distinguish between a sustainable recovery and one which is as artificial as the flavors in the Kool-Aid being drunk by spendthrift politicians and the Keynesian intellectuals who enable them.
.............


www.visionandvalues.org