Signs point to improving economy

Few years ago, USA was the number one country in many aspects. Their capitalism was used as a model all around the world. The capitalism is the most used system in the world and it is so connected, that it is very vulnerable. For example, crisis that started in USA economy spread all around the world in the blink of an eye. One big country gets into trouble, and whole worlds economy starts to have problems. While there are too many unknowns about financial market or housing trajectories over coming months to completely rule out a recession, I doubt we will see it. My tip is a first half of very tepid economic growth, followed by a hesitant recovery in the second half as confidence kicks in again. Trade gains from a still cheap dollar and continued buoyancy in emerging markets will both help to prop up the economy through 2008. To add to the concern, American consumers are also increasingly dependent on debt and have been re-mortgaging payday cash their houses to higher loan amounts, and using the extra cash to fund high street purchases.